Lightning eMotors (FRA:9LK) ROCE % : -1,985.56% (As of Sep. 2023)

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What is Lightning eMotors ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Lightning eMotors's annualized ROCE % for the quarter that ended in Sep. 2023 was -1,985.56%.

Lightning eMotors ROCE % Historical Data

The historical data trend for Lightning eMotors's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lightning eMotors ROCE % Chart

Lightning eMotors Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-246.00

-95.79

19.18

Lightning eMotors Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial										6.60	-14.17	-69.76	-103.30	-1,985.56

Lightning eMotors ROCE % Calculation

Lightning eMotors's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	28.441	/	( ( (188.868 - 12.759)	+	(135.52 - 15.047) )	/ 2 )
	=	28.441	/	( (176.109	+	120.473)	/ 2 )
	=	28.441	/	148.291
	=	19.18 %

Lightning eMotors's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-175.424	/	( ( (98.908 - 67.591)	+	(52.186 - 65.833) )	/ 2 )
	=	-175.424	/	( ( 31.317	+	-13.647 )	/ 2 )
	=	-175.424	/	8.835
	=	-1,985.56 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Lightning eMotors (FRA:9LK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Lightning eMotors ROCE % Related Terms

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Lightning eMotors (FRA:9LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lightning eMotors Inc (FRA:9LK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZEVY:USA

Address

815 14th Street South West, Suite A100, Loveland, CO, USA, 80537

Website

https://www.lightningemotors.com

Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.

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