VTIQW (VectoIQ Acquisition) ROIC %: 0.00% (As of Mar. 2020)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is VectoIQ Acquisition ROIC %?

VectoIQ Acquisition VTIQW ROIC % is 0.00% as of Mar. 2020.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. VectoIQ Acquisition's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2020 was 0.00%.

As of today (2026-09-10), VectoIQ Acquisition's WACC % is 0.00%. VectoIQ Acquisition's ROIC % is 0.00% (calculated using TTM income statement data). VectoIQ Acquisition earns returns that do not match up to its cost of capital. It will destroy value as it grows.

VectoIQ Acquisition  (NAS:VTIQW) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, VectoIQ Acquisition's WACC % is 0.00%. VectoIQ Acquisition's ROIC % is 0.00% (calculated using TTM income statement data). VectoIQ Acquisition earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

VectoIQ Acquisition ROIC % Related Terms

VectoIQ Acquisition ROIC % Historical Data

* Premium members only.

The historical data trend for VectoIQ Acquisition's ROIC % 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.

VectoIQ Acquisition ROIC % Chart

VectoIQ Acquisition Annual Data
Trend Dec18 Dec19
ROIC %
-0.13 -0.25

VectoIQ Acquisition Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
ROIC % Get a 7-Day Free Trial Premium Member Only -0.32 -0.25 -0.30 -0.12 0.00

VTIQW vs FPAC, SPAQ, FEAC: ROIC % Comparison

For the Shell Companies subindustry, VectoIQ Acquisition's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VectoIQ Acquisition ROIC % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, VectoIQ Acquisition's ROIC % distribution charts can be found below:

* The bar in red indicates where VectoIQ Acquisition's ROIC % falls into.


VectoIQ Acquisition ROIC % Calculation

VectoIQ Acquisition's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2019 is calculated as:

ROIC % (A: Dec. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2018 ) + Invested Capital (A: Dec. 2019 ))/ count )
=-0.91 * ( 1 - 33.76% )/( (235.315 + 238.383)/ 2 )
=-0.602784/236.849
=-0.25 %

where

Invested Capital(A: Dec. 2018 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=236.546 - 0.849 - ( 1.169 - max(0, 0.849 - 1.231+1.169))
=235.315

Invested Capital(A: Dec. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=239.158 - 0.733 - ( 0.752 - max(0, 0.733 - 0.775+0.752))
=238.383

VectoIQ Acquisition's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2020 is calculated as:

ROIC % (Q: Mar. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2019 ) + Invested Capital (Q: Mar. 2020 ))/ count )
=-2.796 * ( 1 - 100% )/( (238.383 + 238.8)/ 2 )
=-0/238.5915
=0.00 %

where

Invested Capital(Q: Dec. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=239.158 - 0.733 - ( 0.752 - max(0, 0.733 - 0.775+0.752))
=238.383

Invested Capital(Q: Mar. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=239.536 - 0.914 - ( 1.15 - max(0, 1.336 - 1.158+1.15))
=238.8

Note: The Operating Income data used here is four times the quarterly (Mar. 2020) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 0.00% mean?
VectoIQ Acquisition (VTIQW) has a ROIC % of 0.00% as of Mar. 2020. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on VectoIQ Acquisition and its competitors.
Is VectoIQ Acquisition's ROIC % too high?
VectoIQ Acquisition's current ROIC % is 0.00%.
How does VectoIQ Acquisition's ROIC % compare to FPAC and SPAQ?
VectoIQ Acquisition's ROIC % of 0.00% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Diversified Financial Services company?
A good ROIC % depends on the Diversified Financial Services industry context. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on VectoIQ Acquisition and its competitors. VectoIQ Acquisition's current ROIC % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VectoIQ Acquisition stock overvalued right now?
VectoIQ Acquisition (VTIQW) has a current ROIC % of 0.00%. The current ROIC % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For VectoIQ Acquisition (VTIQW), the current ROIC % is 0.00% as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

VectoIQ Acquisition Business Description

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