Enovix (Enovix) ROCE % : -48.24% (As of Dec. 2023)

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What is Enovix 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. Enovix's annualized ROCE % for the quarter that ended in Dec. 2023 was -48.24%.

Enovix ROCE % Historical Data

The historical data trend for Enovix'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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Enovix ROCE % Chart

Enovix Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-73.10

-48.71

-11.74

-45.68

Enovix Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-10.31	-63.01	-56.85	-11.97	-48.24

Enovix ROCE % Calculation

Enovix'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 )
	=	-210.309	/	( ( (440.586 - 23.029)	+	(564.304 - 61.018) )	/ 2 )
	=	-210.309	/	( (417.557	+	503.286)	/ 2 )
	=	-210.309	/	460.4215
	=	-45.68 %

Enovix'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 )
	=	-236.168	/	( ( (519.942 - 44.126)	+	(564.304 - 61.018) )	/ 2 )
	=	-236.168	/	( ( 475.816	+	503.286 )	/ 2 )
	=	-236.168	/	489.551
	=	-48.24 %

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

Enovix (NAS:ENVX) 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.

Enovix ROCE % Related Terms

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Enovix (Enovix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Enovix Corp (NAS:ENVX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6Q81:Germany 6Q81:Germany

Address

3501 W. Warren Avenue, Fremont, CA, USA, 94538

Website

https://www.enovix.com

Enovix Corp is engaged in the business of advanced silicon-anode lithium-ion battery development and production. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable the widespread utilization of renewable energy.

Executives

Rajendra K Talluri	director, officer: President and CEO	3501 W. WARREN AVENUE, FREMONT CA 94538
Betsy S Atkins	director
Arthi Chakravarthy	officer: See Remarks	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Farhan Ahmad	officer: Chief Financial Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Bernard Gutmann	director	ON SEMICONDUCTOR C/O V PECORA (M/D A700), 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
Ralph H Schmitt	officer: Chief Commercial Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Thurman J Rodgers	director, 10 percent owner	535 EASTVIEW WAY, WOODSIDE CA 94062
Ashok Lahiri	officer: Chief Technology Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Ajay Marathe	officer: Chief Operating Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Harrold J Rust	director, officer: President and CEO	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Gardner Cameron Dales	officer: Chief Commercial Officer	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Eclipse Fund Iii, L.p.	10 percent owner	514 HIGH STREET, SUITE 4, PALO ALTO CA 94301
Eclipse Gp Iii, Llc	10 percent owner	514 HIGH STREET, SUITE 4, PALO ALTO CA 94301
J Daniel Mccranie	director	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538
Edward J Hejlek	officer: See Remarks	C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538