NextNav (NextNav) ROCE % : -25.36% (As of Dec. 2023)

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What is NextNav 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. NextNav's annualized ROCE % for the quarter that ended in Dec. 2023 was -25.36%.

NextNav ROCE % Historical Data

The historical data trend for NextNav'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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NextNav ROCE % Chart

NextNav Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-312.98

-49.68

-53.49

-47.54

NextNav Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-52.91	-49.87	-46.13	-54.72	-25.36

NextNav ROCE % Calculation

NextNav'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 )
	=	-63.529	/	( ( (123.788 - 8.887)	+	(162.158 - 9.803) )	/ 2 )
	=	-63.529	/	( (114.901	+	152.355)	/ 2 )
	=	-63.529	/	133.628
	=	-47.54 %

NextNav'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 )
	=	-39.852	/	( ( (173.121 - 11.202)	+	(162.158 - 9.803) )	/ 2 )
	=	-39.852	/	( ( 161.919	+	152.355 )	/ 2 )
	=	-39.852	/	157.137
	=	-25.36 %

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

NextNav (NAS:NN) 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.

NextNav ROCE % Related Terms

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NextNav (NextNav) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextNav Inc (NAS:NN) » Definitions » ROCE %

Comparable Companies

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Traded in Other Exchanges

KK0:Germany

Address

1775 Tysons Boulevard, 5th Floor, McLean, VA, USA, 22102

Website

https://www.nextnav.com

NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation and Timing services in the absence of GPS.

Executives

David L. Knutson	officer: SVP, Operations & Deployment	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Sammaad Shams	officer: Corporate Controller	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Ganesh Pattabiraman	director, officer: CEO, President & Director	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Arun Raghupathy	officer: SVP, Engineering	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Robert Lantz	officer: General Counsel	C/O NEXTNAV INC., 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Bandel L Carano	director	525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Gary Parsons	director	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Alan B Howe	director	1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Peter D Aquino	director	MOTIENT CORP, 300 KNIGHTBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Neil S Subin	director	2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Christian D. Gates	officer: Chief Financial Officer	1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Wocap Global Opportunity Investment Partners, L.p.	10 percent owner	2802 TIMMONS LANE, #27440, HOUSTON TX 77227
Roderick M. Forrest	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Edward Neil Halliday	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Tivin Turchiaro	10 percent owner	VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10