Mullen Automotive (HAM:1N50) ROCE % : -91.40% (As of Dec. 2023)

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What is Mullen Automotive 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. Mullen Automotive's annualized ROCE % for the quarter that ended in Dec. 2023 was -91.40%.

Mullen Automotive ROCE % Historical Data

The historical data trend for Mullen Automotive'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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Mullen Automotive ROCE % Chart

Mullen Automotive Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

-1,057.42

-425.03

Mullen Automotive Quarterly Data
	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-1,272.53	-284.10	-379.28	-260.77	-91.40

Mullen Automotive ROCE % Calculation

Mullen Automotive's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-948.857	/	( ( (305.62 - 123.453)	+	(395.139 - 130.816) )	/ 2 )
	=	-948.857	/	( (182.167	+	264.323)	/ 2 )
	=	-948.857	/	223.245
	=	-425.03 %

Mullen Automotive'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 )
	=	-240.116	/	( ( (395.139 - 130.816)	+	(349.539 - 88.435) )	/ 2 )
	=	-240.116	/	( ( 264.323	+	261.104 )	/ 2 )
	=	-240.116	/	262.7135
	=	-91.40 %

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

Mullen Automotive (HAM:1N50) 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.

Mullen Automotive ROCE % Related Terms

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Mullen Automotive (HAM:1N50) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mullen Automotive Inc (HAM:1N50) » Definitions » ROCE %

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Traded in Other Exchanges

MULN:USA

Address

1405 Pioneer Street, Brea, CA, USA, 92821

Website

https://www.mullenusa.com

Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. The Company owns and partners with several synergistic businesses, all working towards the same goal of creating clean and scalable electric vehicles and energy solutions. The company has two segments Bollinger and Mullen/ELMS, which generates revenue.

Mullen Automotive (HAM:1N50) Headlines

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