Canoo

Canoo ROA

The Return on Assets (ROA) of Canoo (GOEVQ) as of Nov 5, 2026 is -55.72 %. In the previous year, Return on Assets (ROA) was -93.93 % — a change of -40.68% (higher).

ROA

-55.72 %

YoY

-40.68%

Last updated:

In 2023, Canoo's return on assets (ROA) was -55.72 %, a -40.68% increase from the -93.93 % ROA in the previous year.

The Canoo ROA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROA
Date
ROA
Jan 1, 2018
-1.26 USD
Jan 1, 2019
-267.35 USD
Jan 1, 2020
-11.50 USD
Jan 1, 2021
-66.29 USD
Jan 1, 2022
-93.93 USD
Jan 1, 2023
-55.72 USD
The Canoo ROA history
YEARROAYoY
-55.72 %-40.68%
-93.93 %+41.69%
-66.29 %+476.23%
-11.50 %-95.70%
-267.35 %+21,109.56%
-1.26 %—

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Canoo Stock analysis

What does Canoo do? Canoo, Inc. generates revenue through the sale of its electric vehicles, including the Lifestyle Vehicle, Lifestyle Delivery Vehicle, Multi-Purpose Delivery Vehicles (MPDV), and Pickup models. The company's Multi-Purpose platform (MPP) serves as the foundational chassis for these vehicles, integrating electric drivetrain, battery systems, and control electronics. Canoo also monetizes its proprietary software platform, which aggregates vehicle data from both Canoo and non-Canoo vehicles to provide insights to customers. The company's Canoo Digital Ecosystem, featuring CanooHub, a driver mobile app, vehicle HMI, and data analytics, further supports its revenue streams by enhancing fleet management and user engagement. The primary buyers of Canoo's products are consumers and fleet operators seeking electric mobility solutions. The Lifestyle Vehicle and Delivery variants target individual and commercial users requiring versatile transportation options. Fleet operators utilize the MPDV and Pickup models for delivery and utility purposes, leveraging the MPP's modular design for customization. Canoo's software and ecosystem services cater to businesses needing data-driven fleet optimization and driver experience enhancements. Canoo's revenue model combines direct vehicle sales with value-added software services. The company's MPP platform enables cost-efficient production of diverse vehicle types, while its data aggregation platform creates recurring revenue opportunities through analytics services. The Digital Ecosystem's components, including the driver app and CanooHub, provide ongoing engagement with customers and fleet management partners, driving continuous revenue generation beyond initial vehicle purchases. Canoo is one of the most popular companies on Eulerpool.

ROA Details

Understanding Canoo's Return on Assets (ROA)

Canoo's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Canoo's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Canoo's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Canoo’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Canoo stock

Return on Assets (ROA) of Canoo is -55.72 % in 2023.

Return on Assets (ROA) of Canoo changed from -93.93 % to -55.72 %, representing a -40.68% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Assets (ROA) Canoo since 2006 – with annual values, charts, and detailed analysis.

Return on Assets, also known as ROA, is a financial metric used to measure a company's profitability. It is used to determine how effectively a company uses its assets to generate profits. It is also referred to as the ratio of net income to total assets. ROA is an important indicator of a company's overall financial performance as it measures the company's ability to generate more profit from the assets it employs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Assets (ROA)'s Canoo with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Assets (ROA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Assets (ROA).

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Profitability — Canoo

All Key Metrics — Canoo