Vicinity Motor (FRA:6LGA) ROCE % : -27.09% (As of Mar. 2024)

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What is Vicinity Motor 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. Vicinity Motor's annualized ROCE % for the quarter that ended in Mar. 2024 was -27.09%.

Vicinity Motor ROCE % Historical Data

The historical data trend for Vicinity Motor'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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Vicinity Motor ROCE % Chart

Vicinity Motor Annual Data

Trend

Aug14

Aug15

Aug16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.01

-15.66

-23.95

-43.70

-33.00

Vicinity Motor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-17.87	2.52	-26.01	-75.89	-27.09

Vicinity Motor ROCE % Calculation

Vicinity Motor'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 )
	=	-10.634	/	( ( (51.95 - 15.645)	+	(68.037 - 39.897) )	/ 2 )
	=	-10.634	/	( (36.305	+	28.14)	/ 2 )
	=	-10.634	/	32.2225
	=	-33.00 %

Vicinity Motor's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-7.324	/	( ( (68.037 - 39.897)	+	(71.605 - 45.671) )	/ 2 )
	=	-7.324	/	( ( 28.14	+	25.934 )	/ 2 )
	=	-7.324	/	27.037
	=	-27.09 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Vicinity Motor (FRA:6LGA) 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.

Vicinity Motor ROCE % Related Terms

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Vicinity Motor (FRA:6LGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vicinity Motor Corp (FRA:6LGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VEV:USA 6LGA:Germany VMC:Canada

Address

3168 262nd Street, Aldergrove, BC, CAN, V4W 2Z6

Website

https://www.vicinitymotorcorp.com

Vicinity Motor Corp is a Canadian bus manufacturer. The company is engaged in designing, engineering, and manufacturing mid-size buses for transit authorities and commercial enterprises. Geographically, it derives a majority of its revenue from Canada and also has a presence in the United States. The company derives maximum revenue from bus sales. It also supplies the Spare part.

Vicinity Motor (FRA:6LGA) Headlines

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