VectoIQ Acquisition (VectoIQ Acquisition) ROCE % : -1.17% (As of Mar. 2020)

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What is VectoIQ Acquisition 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. VectoIQ Acquisition's annualized ROCE % for the quarter that ended in Mar. 2020 was -1.17%.

VectoIQ Acquisition ROCE % Historical Data

The historical data trend for VectoIQ Acquisition'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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VectoIQ Acquisition ROCE % Chart

VectoIQ Acquisition Annual Data

Trend

Dec18

Dec19

ROCE %

-0.17

-0.38

VectoIQ Acquisition Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
ROCE %	Get a 7-Day Free Trial				-0.43	-0.33	-0.41	-0.36	-1.17

VectoIQ Acquisition ROCE % Calculation

VectoIQ Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-0.91	/	( ( (236.546 - 0.849)	+	(239.158 - 0.733) )	/ 2 )
	=	-0.91	/	( (235.697	+	238.425)	/ 2 )
	=	-0.91	/	237.061
	=	-0.38 %

VectoIQ Acquisition's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	-2.796	/	( ( (239.158 - 0.733)	+	(239.536 - 1.336) )	/ 2 )
	=	-2.796	/	( ( 238.425	+	238.2 )	/ 2 )
	=	-2.796	/	238.3125
	=	-1.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

VectoIQ Acquisition (NAS:VTIQW) 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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VectoIQ Acquisition (VectoIQ Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » VectoIQ Acquisition Corp (NAS:VTIQW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1354 Flagler Drive, Mamaroneck, New York, NY, USA, 10543

Website

VectoIQ Acquisition Corp operates as a blank check company. The firm intends to focus its search on the industrial technology, transportation, and smart mobility industries.