Embark Technology (Embark Technology) ROCE % : -145.03% (As of Mar. 2023)

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What is Embark Technology 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. Embark Technology's annualized ROCE % for the quarter that ended in Mar. 2023 was -145.03%.

Embark Technology ROCE % Historical Data

The historical data trend for Embark Technology'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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Embark Technology ROCE % Chart

Embark Technology Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-30.14

-65.11

-41.87

Embark Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial					-26.77	-22.07	-59.65	-63.74	-145.03

Embark Technology ROCE % Calculation

Embark Technology'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 )
	=	-102.803	/	( ( (290.999 - 5.997)	+	(214.73 - 8.664) )	/ 2 )
	=	-102.803	/	( (285.002	+	206.066)	/ 2 )
	=	-102.803	/	245.534
	=	-41.87 %

Embark Technology's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-252.132	/	( ( (214.73 - 8.664)	+	(153.435 - 11.795) )	/ 2 )
	=	-252.132	/	( ( 206.066	+	141.64 )	/ 2 )
	=	-252.132	/	173.853
	=	-145.03 %

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

Embark Technology (NAS:EMBKW) 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.

Embark Technology ROCE % Related Terms

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Embark Technology (Embark Technology) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

321 Alabama Street, San Francisco, CA, USA, 94110

Website

https://www.embarktrucks.com

Embark Technology Inc is engaged in providing software and associated services that power self-driving trucks. It offers operational savings and collaborates with carriers, truck manufacturers, and tier 1 suppliers. The company's products include Embark Driver, Embark Universal Interface, and Embark Guardian.