Electrameccanica Vehicles (SOLO) Return on Assets ROA from the fourth quarter of 2023 to fourth quarter of 2022 and for the year 2023, Average High and Low, Fundamental Ratios from Dec 31 2023 to Dec 31 2022 - CSIMarket
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Electrameccanica Vehicles Corp   (NASDAQ: SOLO)


Electrameccanica Vehicles 's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Electrameccanica Vehicles 's ROA in the fourth quarter of 2023?
Electrameccanica Vehicles Corp recorded a cumulative net loss of $-58 million during 12 months ending in the fourth quarter of 2023, resulting in a negative return on assets (ROA) of -65.88%.

However, within the Consumer Discretionary sector 178 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 4960, from total ROA ranking in the third quarter of 2023 at 4981.

What is ROA?


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Return On Assets (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter		 (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change -65.43 % -57.55 % -14.74 % 71.93 % 548.84 %
Y / Y Net Income Change - - - - -
Net Income (TTM) in million -58 139 117 119 122
Return On Assets (TTM) -65.88 % 115.33 % 79.28 % 78.35 % 86.97 %
SOLO's Total Ranking # 4960 # 4981 # 5047 # #
Total Assets (TTM) in million 71 78 90 111 205
Seq. Total Assets Change -9.76 % -12.91 % -18.65 % -45.92 % 10.81 %
Seq. Net Income Change - - - - -

SOLO's 5 Years Annual ROA >> Back to SOLO Management Effectiveness >> Compare SOLO ROA to its Competitors


Return On Assets Company Ranking
Within: No.
Industry # 24
Sector # 179
Overall # 4854

Return On Assets Statistics
High Average Low
-16.34 %
-69.32 %
-116.49 %
(Dec 31 2021)   (Sep 30 2023)



  News about Electrameccanica Vehicles Corp Return on Assets ROA

ElectraMeccanica Vehicles Corp. Announces Results of Special Meeting of Shareholders and Reports Cumulative Net Loss in Q4 2023



ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO), a leading designer and assembler of electric vehicles, recently shared the outcomes of their special meeting of shareholders held on March 20, 2024. Concurrently, the company revealed its financial performance for the fourth quarter of 2023, showcasing a cumulative net loss and a negative return on assets (ROA). Additionally, we explore how ElectraMeccanica fared within the Consumer Discretionary sector in terms of ROA ranking.

During the virtual special meeting of shareholders, ElectraMeccanica announced that its shareholders overwhelmingly adopted the Arrangement proposed. The Arrangement is set to shape the future direction of the company and represents a significant move for ElectraMeccanica and its shareholders.



Financial Statements
Electrameccanica Vehicles 's Assets $ 71 million SOLO's Balance sheet
Electrameccanica Vehicles 's Income $ -14 million Quarterly SOLO's Income Statement
SOLO's Income by Division See SOLO's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023		 (Dec 31 2022)
FY 2022		 (Dec 31 2021)
FY 2020		 (Dec 31 2019)
FY 2019
FY
Y / Y Total Assets Change -63.86 % 3.88 % 247.2 % 43.38 % 365.92 %
Total Assets in million 87 240 231 66 46
Y / Y Net Income Change - - - - -
Net Income in million -58 -124 -63 -23 0
Annual Return On Assets -66.51 % -51.64 % -27.34 % -34.95 % -

SOLO's 5 Years Annual ROA >> Back to SOLO Management Effectiveness >> Compare SOLO ROA to its Competitors



More Return On Assets Ratios
SOLO's' Return on Assets at Yahoo Finance
EV, Auto & Truck Manufacturers Industry Return On Assets Trends and Statistics
Consumer Discretionary Sector Roa Statistics
Roa Trends for overall market
SOLO's Roa Ratio versus EV, Auto & Truck Manufacturers Industry, Consumer Discretionary Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for SOLO's Competitors
Subscribers only: Roa for Electrameccanica Vehicles 's Suppliers
Subscribers only: Return On Assets for SOLO's Customers

You may also want to know
SOLO's Roi SOLO's Inventory Turnover Ratio SOLO's Growth Rates SOLO's Dividend Comparisons
SOLO's Profitability Ratios SOLO's Asset Turnover Ratio SOLO's Dividend Growth
SOLO's Roe SOLO's Valuation Ratios SOLO's Financial Strength Ratios SOLO's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Consumer Discretionary Sector ROA

Date modified: 2026-08-31T19:47:21+00:00


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