Intuitive Machines (Intuitive Machines) ROCE % : -1,409.18% (As of Mar. 2024)

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What is Intuitive Machines 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. Intuitive Machines's annualized ROCE % for the quarter that ended in Mar. 2024 was -1,409.18%.

Intuitive Machines ROCE % Historical Data

The historical data trend for Intuitive Machines'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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Intuitive Machines ROCE % Chart

Intuitive Machines Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

Intuitive Machines Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-	-	-	763.78	-1,409.18

Intuitive Machines ROCE % Calculation

Intuitive Machines'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 )
	=	15.885	/	( ( (67.004 - 95.18)	+	(85.908 - 83.38) )	/ 2 )
	=	15.885	/	( (-28.176	+	2.528)	/ 2 )
	=	15.885	/	-12.824
	=	-123.87 %

Intuitive Machines'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 )
	=	-482.544	/	( ( (85.908 - 83.38)	+	(170.771 - 104.813) )	/ 2 )
	=	-482.544	/	( ( 2.528	+	65.958 )	/ 2 )
	=	-482.544	/	34.243
	=	-1,409.18 %

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

Intuitive Machines (NAS:LUNRW) 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.

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Intuitive Machines (Intuitive Machines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Intuitive Machines Inc (NAS:LUNRW) » Definitions » ROCE %

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LUNR:USA

Address

3700 Bay Area Boulevard, Sixth Floor, Suite 600, Houston, TX, USA, 77058

Website

https://www.intuitivemachines.com

Intuitive Machines Inc is a space exploration, infrastructure, and services company. It is a diversified space company focused on space exploration. It supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Its products and services are offered through four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.