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Navitas Semiconductor (Navitas Semiconductor) ROE % : -33.24% (As of Dec. 2023)


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What is Navitas Semiconductor ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Navitas Semiconductor's annualized net income for the quarter that ended in Dec. 2023 was $-130.31 Mil. Navitas Semiconductor's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $391.98 Mil. Therefore, Navitas Semiconductor's annualized ROE % for the quarter that ended in Dec. 2023 was -33.24%.

The historical rank and industry rank for Navitas Semiconductor's ROE % or its related term are showing as below:

NVTS' s ROE % Range Over the Past 10 Years
Min: -38.41   Med: -2.54   Max: 33.1
Current: -38.41

During the past 4 years, Navitas Semiconductor's highest ROE % was 33.10%. The lowest was -38.41%. And the median was -2.54%.

NVTS's ROE % is ranked worse than
91.51% of 978 companies
in the Semiconductors industry
Industry Median: 4.485 vs NVTS: -38.41

Navitas Semiconductor ROE % Historical Data

The historical data trend for Navitas Semiconductor's ROE % 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.

* Premium members only.

Navitas Semiconductor ROE % Chart

Navitas Semiconductor Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROE %
- - 33.10 -38.18

Navitas Semiconductor Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.51 -68.18 -64.31 7.65 -33.24

Competitive Comparison of Navitas Semiconductor's ROE %

For the Semiconductors subindustry, Navitas Semiconductor's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Navitas Semiconductor's ROE % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Navitas Semiconductor's ROE % distribution charts can be found below:

* The bar in red indicates where Navitas Semiconductor's ROE % falls into.



Navitas Semiconductor ROE % Calculation

Navitas Semiconductor's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-145.433/( (381.132+380.617)/ 2 )
=-145.433/380.8745
=-38.18 %

Navitas Semiconductor's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-130.312/( (403.35+380.617)/ 2 )
=-130.312/391.9835
=-33.24 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Navitas Semiconductor  (NAS:NVTS) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-130.312/391.9835
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-130.312 / 104.228)*(104.228 / 489.733)*(489.733 / 391.9835)
=Net Margin %*Asset Turnover*Equity Multiplier
=-125.03 %*0.2128*1.2494
=ROA %*Equity Multiplier
=-26.61 %*1.2494
=-33.24 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-130.312/391.9835
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-130.312 / -132.328) * (-132.328 / -107.176) * (-107.176 / 104.228) * (104.228 / 489.733) * (489.733 / 391.9835)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9848 * 1.2347 * -102.83 % * 0.2128 * 1.2494
=-33.24 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Navitas Semiconductor ROE % Related Terms

Thank you for viewing the detailed overview of Navitas Semiconductor's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Navitas Semiconductor (Navitas Semiconductor) Business Description

Traded in Other Exchanges
N/A
Address
3520 Challenger Street, Torrance, CA, USA, 90503-1640
Navitas Semiconductor Corp develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics. GaN power ICs integrate GaN power with drive, control, and protection to enable fast charging, high power density, and energy savings for mobile, consumer, enterprise, eMobility, and new energy markets. The company operates as one reportable segment, the design, development, manufacture and marketing of integrated circuits and related components for use in mobile device and other markets. Geographically, the company operates in China, Europe, United States, Rest of Asia and Others. Majority of revenue is generated from China.
Executives
Ron Shelton officer: Sr VP, CFO and Treasurer
Dipender Saluja director 1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Wunderlich Gary Kent Jr director CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367
Richard J Hendrix director 1300 NORTH 17TH STREET, ARLINGTON VA 22209
Eugene Sheridan director, officer: Chief Executive Officer C/O NAVITAS SEMICONDUCTOR CORPORATION, 3520 CHALLENGER STREET, TORRANCE CA 90503-1640
Daniel M. Kinzer director, officer: Chief Oprtng and Tech Officer C/O CORP SEC, FAIRCHILD SEMICONDUCTOR, 82 RUNNING HILL RD., S. PORTLAND ME 04106
Ranbir Singh 10 percent owner, officer: EVP, GeneSic Business 2101 E. EL SEGUNDO BLVD., STE. 205, EL SEGUNDO CA 90245
Sicpower, Llc 10 percent owner C/O CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808
David Moxam director C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245
Todd Glickman officer: Interim Chf Financial Officer C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245
Malibuiq, Llc 10 percent owner 21245 SMITH ROAD, COVINGTON LA 70435
Brian Long director
Atalaya Capital Management Lp 10 percent owner ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Atalaya Special Purpose Investment Fund Lp 10 percent owner ONE ROCKEFELLER PLAZA, NEW YORK NY 10710
Acm Asof Vii (cayman) Holdco Lp 10 percent owner ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10022