AST SpaceMobile (AST SpaceMobile) ROCE % : -70.59% (As of Dec. 2023)

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What is AST SpaceMobile 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. AST SpaceMobile's annualized ROCE % for the quarter that ended in Dec. 2023 was -70.59%.

AST SpaceMobile ROCE % Historical Data

The historical data trend for AST SpaceMobile'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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AST SpaceMobile ROCE % Chart

AST SpaceMobile Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-28.15

-34.08

-34.99

-61.32

AST SpaceMobile Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-43.94	-45.84	-62.53	-62.64	-70.59

AST SpaceMobile ROCE % Calculation

AST SpaceMobile'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 )
	=	-222.367	/	( ( (438.372 - 27.796)	+	(360.892 - 46.221) )	/ 2 )
	=	-222.367	/	( (410.576	+	314.671)	/ 2 )
	=	-222.367	/	362.6235
	=	-61.32 %

AST SpaceMobile'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 )
	=	-243.512	/	( ( (402.13 - 26.901)	+	(360.892 - 46.221) )	/ 2 )
	=	-243.512	/	( ( 375.229	+	314.671 )	/ 2 )
	=	-243.512	/	344.95
	=	-70.59 %

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

AST SpaceMobile (NAS:ASTS) 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.

AST SpaceMobile ROCE % Related Terms

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AST SpaceMobile (AST SpaceMobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AST SpaceMobile Inc (NAS:ASTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASTSW:USA

Address

2901 Enterprise Lane, Midland Intl. Air & Space Port, Midland, TX, USA, 79706

Website

https://www.ast-science.com

AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers and finally bringing broadband to the billions who remain unconnected.

Executives

Adriana Cisneros	director	700 NW 1ST AVENUE, SUITE 1700, MIAMI FL 33136
Sean R. Wallace	officer: Chief Financial Officer	C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037
Shanti B. Gupta	officer: Chief Accounting Officer	AST SCIENCE MIDLAND INTL AIR&SPACE PORT, 2901 ENTERPRISE LANE, MIDLAND TX 79706
Atc Trs Ii Llc	other: Member of 10% owner group	116 HUNTINGTON AVENUE, BOSTON MA 02116
American Tower Corp /ma/	other: Member of 10% owner group	116 HUNTINGTON AVE, BOSTON MA 02116
Invesat Llc	10 percent owner	700 NW 1ST AVENUE, SUITE 1700, MIAMI FL 33136
Richard Sarnoff	director	C/O AUDIBLE INC, 65 WILLOWBROOK BLVD, WAYNE NJ 07470
Vodafone Ventures Ltd	10 percent owner	VODAFONE HOUSE, THE CONNECTION, NEWBURY X0 RG14 2FN
Brian Heller	officer: EVP, GC & Secretary	C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706
Tareq Amin	director	C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706
Luke Ibbetson	director	C/O AST SPACEMOBILE 2901 ENTERPRISE LANE, MIDLAND INTL. AIR & SPACE PORT, MIDLAND TX 79706
Ronald L Rubin	director	601 CLEARWATER PARK RD, WEST PALM BEACH FL 33401
Gustavo A Cisneros	10 percent owner	FINSER CORP, 550 BILTMORE WAY, CORAL GABLES FL 33134
Vodafone Group Public Ltd Co	10 percent owner	VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE X0 RG14 2FN
Hiroshi Mikitani	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 5000, SAN FRANCISCO CA 94107