Fisker (FRA:FIS) ROCE % : -206.01% (As of Dec. 2023)

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What is Fisker 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. Fisker's annualized ROCE % for the quarter that ended in Dec. 2023 was -206.01%.

Fisker ROCE % Historical Data

The historical data trend for Fisker'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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Fisker ROCE % Chart

Fisker Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-24.48

-37.84

-41.12

-85.63

Fisker Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													-51.60	-40.04	-27.32	-26.79	-206.01

Fisker ROCE % Calculation

Fisker'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 )
	=	-843.551	/	( ( (1430.562 - 312.352)	+	(1679.657 - 827.711) )	/ 2 )
	=	-843.551	/	( (1118.21	+	851.946)	/ 2 )
	=	-843.551	/	985.078
	=	-85.63 %

Fisker'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 )
	=	-2339.556	/	( ( (2226.628 - 807.242)	+	(1679.657 - 827.711) )	/ 2 )
	=	-2339.556	/	( ( 1419.386	+	851.946 )	/ 2 )
	=	-2339.556	/	1135.666
	=	-206.01 %

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

Fisker (FRA:FIS) 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.

Fisker ROCE % Related Terms

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Fisker (FRA:FIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fisker Inc (FRA:FIS) » Definitions » ROCE %

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FSR:USA

Address

1888 Rosecrans Avenue, Manhattan Beach, CA, USA, 90266

Website

https://www.fiskerinc.com

Fisker Inc is revolutionizing the automotive industry by developing emotionally desirable and eco-friendly electric vehicles on Earth. The company is an e-mobility service provider with sustainable vehicles.