Energy Vault Holdings (STU:8610) ROCE % : -38.06% (As of Mar. 2024)

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What is Energy Vault Holdings 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. Energy Vault Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -38.06%.

Energy Vault Holdings ROCE % Historical Data

The historical data trend for Energy Vault Holdings'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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Energy Vault Holdings ROCE % Chart

Energy Vault Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-25.01

-73.23

-43.96

-38.74

-37.35

Energy Vault Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-44.35	-40.10	-31.63	-37.17	-38.06

Energy Vault Holdings ROCE % Calculation

Energy Vault Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-90.56	/	( ( (393.377 - 118.305)	+	(312.471 - 102.57) )	/ 2 )
	=	-90.56	/	( (275.072	+	209.901)	/ 2 )
	=	-90.56	/	242.4865
	=	-37.35 %

Energy Vault Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-77.764	/	( ( (312.471 - 102.57)	+	(262.996 - 64.252) )	/ 2 )
	=	-77.764	/	( ( 209.901	+	198.744 )	/ 2 )
	=	-77.764	/	204.3225
	=	-38.06 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Energy Vault Holdings (STU:8610) 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.

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Energy Vault Holdings (STU:8610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Vault Holdings Inc (STU:8610) » Definitions » ROCE %

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Traded in Other Exchanges

NRGV:USA

Address

4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361

Website

https://www.energyvault.com

Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.

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