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. Rivian Automotive's annualized ROCE % for the quarter that ended in Mar. 2022 was -30.84%.
Rivian Automotive ROCE % Historical Data
The historical data trend for Rivian 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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Rivian Automotive Annual Data
Trend
Dec19
Dec20
Dec21
ROCE %
-16.01
-31.37
-37.31
Rivian Automotive Quarterly Data
Dec19
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
ROCE %
-40.99
-40.83
-75.16
-68.65
-30.84
Rivian Automotive ROCE % Calculation
Rivian Automotive's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:
(1) Note:
The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.
* 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.
Rivian Automotive (NAS:RIVN) 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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