Vertical Aerospace (Vertical Aerospace) ROCE % : -194.36% (As of Dec. 2023)

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What is Vertical Aerospace 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. Vertical Aerospace's annualized ROCE % for the quarter that ended in Dec. 2023 was -194.36%.

Vertical Aerospace ROCE % Historical Data

The historical data trend for Vertical Aerospace'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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Vertical Aerospace ROCE % Chart

Vertical Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-130.66

-414.40

-268.84

-48.31

-69.55

Vertical Aerospace Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-276.66	130.49	-	-107.82	-194.36

Vertical Aerospace ROCE % Calculation

Vertical Aerospace's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-83.858	/	( ( (184.21 - 26.197)	+	(106.437 - 23.314) )	/ 2 )
	=	-83.858	/	( (158.013	+	83.123)	/ 2 )
	=	-83.858	/	120.568
	=	-69.55 %

Vertical Aerospace's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-185.24	/	( ( (127.885 - 20.397)	+	(106.437 - 23.314) )	/ 2 )
	=	-185.24	/	( ( 107.488	+	83.123 )	/ 2 )
	=	-185.24	/	95.3055
	=	-194.36 %

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

Vertical Aerospace (NYSE:EVTL) 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.

Vertical Aerospace ROCE % Related Terms

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Vertical Aerospace (Vertical Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Vertical Aerospace Ltd (NYSE:EVTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

M00:Germany

Address

Chapel Street, Unit 1 Camwal Court, Bristol, GBR, BS2 0UW

Website

https://www.vertical-aerospace.com

Vertical Aerospace Ltd is engaged in making air travel personal, on-demand, and carbon-free. The VX4, Vertical's flagship aircraft, is a piloted electric vertical take-off and landing (eVTOL) vehicle capable of carrying four passengers.