NIO (HKSE:09866) ROCE % : -40.25% (As of Sep. 2024)

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What is NIO 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. NIO's annualized ROCE % for the quarter that ended in Sep. 2024 was -40.25%.

NIO ROCE % Historical Data

The historical data trend for NIO'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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NIO ROCE % Chart

NIO Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-140.45

-21.44

-7.17

-25.71

-36.12

NIO Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-41.04	-37.62	-35.42	-37.47	-40.25

NIO ROCE % Calculation

NIO'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 )
	=	-21936.16	/	( ( (107499.342 - 51203.664)	+	(128391.268 - 63218.359) )	/ 2 )
	=	-21936.16	/	( (56295.678	+	65172.909)	/ 2 )
	=	-21936.16	/	60734.2935
	=	-36.12 %

NIO's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-21217.82	/	( ( (108209.645 - 53993.077)	+	(114496.669 - 63280.126) )	/ 2 )
	=	-21217.82	/	( ( 54216.568	+	51216.543 )	/ 2 )
	=	-21217.82	/	52716.5555
	=	-40.25 %

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

NIO (HKSE:09866) 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.

NIO ROCE % Related Terms

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NIO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NIO Inc (HKSE:09866) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NIOIF:USA NIO:USA NIO:Singapore NIO:Mexico 0A1K:UK N3IA:Germany N3IA:Bulgaria

Address

No. 1355, Caobao Road, Building 19, Minhang District, Shanghai, CHN

Website

https://www.nio.com

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.

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