JOBY (Joby Aviation) ROCE % : -59.60% (As of Mar. 2025)

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What is Joby Aviation 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. Joby Aviation's annualized ROCE % for the quarter that ended in Mar. 2025 was -59.60%.

Joby Aviation ROCE % Historical Data

The historical data trend for Joby Aviation'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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Joby Aviation ROCE % Chart

Joby Aviation Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

-23.28

-19.31

-28.66

-37.96

-50.16

Joby Aviation Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
ROCE %	Get a 7-Day Free Trial														-49.66	-53.42	-64.18	-57.82	-59.60

Joby Aviation ROCE % Calculation

Joby Aviation's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-596.754	/	( ( (1269.435 - 45.136)	+	(1203.465 - 48.134) )	/ 2 )
	=	-596.754	/	( (1224.299	+	1155.331)	/ 2 )
	=	-596.754	/	1189.815
	=	-50.16 %

Joby Aviation's ROCE % of for the quarter that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	-653.136	/	( ( (1203.465 - 48.134)	+	(1084.018 - 47.499) )	/ 2 )
	=	-653.136	/	( ( 1155.331	+	1036.519 )	/ 2 )
	=	-653.136	/	1095.925
	=	-59.60 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

Joby Aviation (NYSE:JOBY) 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.

Joby Aviation ROCE % Related Terms

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Joby Aviation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Joby Aviation Inc (NYSE:JOBY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Encinal Street, Santa Cruz, CA, USA, 95060

Website

https://www.jobyaviation.com

Joby Aviation Inc is a transportation company developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. Its Joby eVTOL aircraft is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 mph. The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The company is also developing an app-based platform to build and operate an aerial ridesharing service powered by a network of eVTOL aircraft that it will manufacture and operate. It has one operating and reportable segment, namely flight services. Currently, the company generates all of its revenue from flight services provided to the Department of Defense in the United States.

Executives

Gregory Bowles	officer: Head of Government Affairs	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Toyota Motor Corp/	director, 10 percent owner	TOYOTA MOTOR SALES USA INC, 6565 HEADQUARTERS DRIVE W1-3A, PLANO TX 75024
Paul Cahill Sciarra	director	PO BOX 427344, SAN FRANCISCO CA 94142
Joeben Bevirt	director, officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Didier Papadopoulos	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Bonny W Simi	officer: See Remarks	4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Kate Dehoff	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Eric Allison	officer: Head of Product	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Matthew Field	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Dipender Saluja	director	1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Tetsuo Ogawa	director	C/O JOBY AVIATION, INC., 333 ENCINAL ST., SANTA CRUZ CA 95060
Michael P Huerta	director	1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Justin Lang	officer: See Remarks	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
James Kuffner	director	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #255, SANTA CRUZ CA 95060
Joby Holdings, Inc.	10 percent owner	C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060