Canoo (STU:9XK0) ROCE % : -33.34% (As of Dec. 2023)

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What is Canoo 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. Canoo's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.34%.

Canoo ROCE % Historical Data

The historical data trend for Canoo'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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Canoo ROCE % Chart

Canoo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-280.19

-50.36

-84.82

-151.49

-92.08

Canoo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-114.92	-121.69	-92.42	-130.31	-33.34

Canoo ROCE % Calculation

Canoo'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 )
	=	-271.876	/	( ( (468.67 - 206.054)	+	(497.019 - 169.138) )	/ 2 )
	=	-271.876	/	( (262.616	+	327.881)	/ 2 )
	=	-271.876	/	295.2485
	=	-92.08 %

Canoo's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-108.804	/	( ( (500.682 - 175.817)	+	(497.019 - 169.138) )	/ 2 )
	=	-108.804	/	( ( 324.865	+	327.881 )	/ 2 )
	=	-108.804	/	326.373
	=	-33.34 %

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

Canoo (STU:9XK0) 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.

Canoo ROCE % Related Terms

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Canoo (STU:9XK0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Canoo Inc (STU:9XK0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

19951 Mariner Avenue, Torrance, CA, USA, 90503

Website

https://www.canoo.com

Canoo Inc is a mobility technology company. The company designs and manufactures electric vehicles for both commercial and consumer markets. The product pipeline includes three vehicle programs: Electric delivery vehicles, Lifestyle vehicle, and Sports vehicle.

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