GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Faraday Future Intelligent Electric Inc (NAS:FFIE) » Definitions » ROE %

Faraday Future Intelligent Electric (Faraday Future Intelligent Electric) ROE % : -115.73% (As of Sep. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Faraday Future Intelligent Electric ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Faraday Future Intelligent Electric's annualized net income for the quarter that ended in Sep. 2023 was $-312.18 Mil. Faraday Future Intelligent Electric's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $269.75 Mil. Therefore, Faraday Future Intelligent Electric's annualized ROE % for the quarter that ended in Sep. 2023 was -115.73%.

The historical rank and industry rank for Faraday Future Intelligent Electric's ROE % or its related term are showing as below:

FFIE' s ROE % Range Over the Past 10 Years
Min: -208.5   Med: -156.7   Max: -156.7
Current: -208.5

During the past 3 years, Faraday Future Intelligent Electric's highest ROE % was -156.70%. The lowest was -208.50%. And the median was -156.70%.

FFIE's ROE % is ranked worse than
98.02% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 7.32 vs FFIE: -208.50

Faraday Future Intelligent Electric ROE % Historical Data

The historical data trend for Faraday Future Intelligent Electric's ROE % 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.

* Premium members only.

Faraday Future Intelligent Electric ROE % Chart

Faraday Future Intelligent Electric Annual Data
Trend Dec20 Dec21 Dec22
ROE %
- - -156.70

Faraday Future Intelligent Electric Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -162.89 -307.30 -253.57 -187.13 -115.73

Competitive Comparison of Faraday Future Intelligent Electric's ROE %

For the Auto Manufacturers subindustry, Faraday Future Intelligent Electric's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Faraday Future Intelligent Electric's ROE % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Faraday Future Intelligent Electric's ROE % distribution charts can be found below:

* The bar in red indicates where Faraday Future Intelligent Electric's ROE % falls into.



Faraday Future Intelligent Electric ROE % Calculation

Faraday Future Intelligent Electric's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=-602.239/( (567.654+200.992)/ 2 )
=-602.239/384.323
=-156.70 %

Faraday Future Intelligent Electric's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Jun. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=-312.184/( (277.7+261.803)/ 2 )
=-312.184/269.7515
=-115.73 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.


Faraday Future Intelligent Electric  (NAS:FFIE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-312.184/269.7515
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-312.184 / 2.204)*(2.204 / 573.5075)*(573.5075 / 269.7515)
=Net Margin %*Asset Turnover*Equity Multiplier
=-14164.43 %*0.0038*2.1261
=ROA %*Equity Multiplier
=-53.82 %*2.1261
=-115.73 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=-312.184/269.7515
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-312.184 / -312.184) * (-312.184 / -266.056) * (-266.056 / 2.204) * (2.204 / 573.5075) * (573.5075 / 269.7515)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.1734 * -12071.51 % * 0.0038 * 2.1261
=-115.73 %

Note: The net income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Faraday Future Intelligent Electric ROE % Related Terms

Thank you for viewing the detailed overview of Faraday Future Intelligent Electric's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Faraday Future Intelligent Electric (Faraday Future Intelligent Electric) Business Description

Traded in Other Exchanges
Address
18455 S. Figueroa Street, Gardena, CA, USA, 90248
Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.
Executives
Lev Peker director US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Jonathan Maroko officer: Interim CFO 18455 S. FIGUEROA STREET, GARDENA CA 90248
Li Han director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Ke Sun director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Jie Sheng director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Xuefeng Chen officer: Global Chief Exec. Officer C/O FARADAY FUTURE INTELLIGENT ELECTRIC, INC., 18455 S. FIGUEROA STREET, GARDENA CA 90248
Chad Chen director C/O FARADAY FUTURE INTELLIGENT ELECTRIC, 18455 S. FIGUEROA STREET, GARDENA CA 90248
Yun Han officer: CAO & Interim CFO 1449 HAMPTON ROAD, SAN MARINO CA 91108
Xin He director 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Rebecca A Roof officer: Interim Chief Financial Office C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Walter Mcbride officer: Chief Financial Officer FIRST CONSULTING GROUP, PO BOX 22676, LONG BEACH CA 90801-5676
Kruse Robert A Jr. officer: Senior VP, Product Execution 18455 S. FIGUEROA STREET, GARDENA CA 90248
Hong Rao officer: Vice President, I.A.I. 18455 S. FIGUEROA STREET, GARDENA CA 90248
Benedikt Hartmann officer: Senior VP of Supply Chain 18455 S. FIGUEROA STREET, GARDENA CA 90248
Chui Tin Mok officer: Exec. VP, Head of User Ecosys. 18455 S. FIGUEROA STREET, GARDENA CA 90248

Faraday Future Intelligent Electric (Faraday Future Intelligent Electric) Headlines

From GuruFocus