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CarLotz (CarLotz) ROE % : -66.94% (As of Sep. 2022)


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What is CarLotz ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. CarLotz's annualized net income for the quarter that ended in Sep. 2022 was $-97.2 Mil. CarLotz's average Total Stockholders Equity over the quarter that ended in Sep. 2022 was $145.2 Mil. Therefore, CarLotz's annualized ROE % for the quarter that ended in Sep. 2022 was -66.94%.

The historical rank and industry rank for CarLotz's ROE % or its related term are showing as below:

LOTZ' s ROE % Range Over the Past 10 Years
Min: -53.39   Med: -39.82   Max: -39.82
Current: -53.39

During the past 3 years, CarLotz's highest ROE % was -39.82%. The lowest was -53.39%. And the median was -39.82%.

LOTZ's ROE % is not ranked
in the Vehicles & Parts industry.
Industry Median: 7.375 vs LOTZ: -53.39

CarLotz ROE % Historical Data

The historical data trend for CarLotz'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.

CarLotz ROE % Chart

CarLotz Annual Data
Trend Dec19 Dec20 Dec21
ROE %
- - -39.82

CarLotz Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.16 -25.83 -49.21 -80.50 -66.94

Competitive Comparison of CarLotz's ROE %

For the Auto & Truck Dealerships subindustry, CarLotz'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.


CarLotz's ROE % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where CarLotz's ROE % falls into.



CarLotz ROE % Calculation

CarLotz's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=-39.879/( (-13.237+213.511)/ 2 )
=-39.879/100.137
=-39.82 %

CarLotz's annualized ROE % for the quarter that ended in Sep. 2022 is calculated as

ROE %=Net Income (Q: Sep. 2022 )/( (Total Stockholders Equity (Q: Jun. 2022 )+Total Stockholders Equity (Q: Sep. 2022 ))/ count )
=-97.196/( (156.609+133.769)/ 2 )
=-97.196/145.189
=-66.94 %

* 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. 2022) net income data. ROE % is displayed in the 30-year financial page.


CarLotz  (NAS:LOTZ) 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. 2022 )
=Net Income/Total Stockholders Equity
=-97.196/145.189
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-97.196 / 203.352)*(203.352 / 232.892)*(232.892 / 145.189)
=Net Margin %*Asset Turnover*Equity Multiplier
=-47.8 %*0.8732*1.6041
=ROA %*Equity Multiplier
=-41.74 %*1.6041
=-66.94 %

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. 2022 )
=Net Income/Total Stockholders Equity
=-97.196/145.189
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-97.196 / -97.196) * (-97.196 / -77.26) * (-77.26 / 203.352) * (203.352 / 232.892) * (232.892 / 145.189)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.258 * -37.99 % * 0.8732 * 1.6041
=-66.94 %

Note: The net income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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.


CarLotz ROE % Related Terms

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


CarLotz (CarLotz) Business Description

Traded in Other Exchanges
N/A
Address
611 Bainbridge Street, Suite 100, Richmond, VA, USA, 23224
CarLotz Inc is engaged in used vehicle consignment and Retail Remarketing business. The company operates a technology-enabled buying, sourcing and selling model that offers a seamless omni-channel experience and comprehensive selection of vehicles while allowing for a contactless end-to-end e-commerce interface that enables no-hassle buying and selling.
Executives
Lev Peker director, officer: CEO US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Ozan Kaya officer: President C/O CARLOTZ, INC., 611 BAINBRIDGE STREET; SUITE 100, RICHMOND VA 23224
Nanxi Liu director 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Michael W Bor director, 10 percent owner, officer: CEO and Chairman 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Eugene Kovshilovsky officer: Chief Technology Officer C/O PARTS ID, INC., 1 CORPORATE DRIVE, SUITE C, CRANBURY NJ 08512
Elizabeth Sanders officer: Chief Administrative Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Foley John W Ii officer: Chief Operating Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Daniel A Valerian officer: Chief Technology Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Kimberly H. Sheehy director C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Sarah M Kauss director 611 BAINBRIDGE STREET, SUITE 100, RICHMOND VA 23224
Michael C Chapman officer: Chief Marketing Officer 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Steven G Carrel director, 10 percent owner 611 BAINBRIDGE STREET, SUITE 100, C/O CARLOTZ, INC., RICHMOND VA 23224
Trp Capital Partners, Lp 10 percent owner 380 N. OLD WOODWARD AVE., SUITE 205, BIRMINGHAM MI 48009
David R Mitchell director, 10 percent owner 1155 PURITAN, BIRMINGHAM MI 48009
Aizpuru Luis Igancio Solorzano director, 10 percent owner 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105