Next e GO NV (Next e GO NV) ROCE % : 0.00% (As of Jun. 2023)

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What is Next e GO NV 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. Next e GO NV's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Next e GO NV ROCE % Historical Data

The historical data trend for Next e GO NV'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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Next e GO NV ROCE % Chart

Next e GO NV Annual Data

Trend

Dec21

Dec22

ROCE %

-26.00

-33.82

Next e GO NV Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23
ROCE %	-104.00	-	-39.75	-29.69	-

Next e GO NV ROCE % Calculation

Next e GO NV's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-74.208	/	( ( (272.504 - 13.347)	+	(258.754 - 79.016) )	/ 2 )
	=	-74.208	/	( (259.157	+	179.738)	/ 2 )
	=	-74.208	/	219.4475
	=	-33.82 %

Next e GO NV's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0	/	( ( (258.754 - 79.016)	+	(307.641 - 86.986) )	/ 2 )
	=	0	/	( ( 179.738	+	220.655 )	/ 2 )
	=	0	/	200.1965
	=	0.00 %

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

Next e GO NV (OTCPK:EGOXF) 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.

Next e GO NV ROCE % Related Terms

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Next e GO NV (Next e GO NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Next e GO NV (OTCPK:EGOXF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Next.e.GO Mobile SE, Lilienthalstraße 1, Aachen, DEU, 52068

Website

https://www.e-go-mobile.com

Next e GO NV designs and manufactures battery electric vehicles for the urban environment, with focus on convenience, reliability and affordability. It has developed a disruptive solution for producing its electric vehicles using proprietary technologies and low cost MicroFactories.

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