Arctech Solar Holding Co (SHSE:688408) ROCE % : 22.11% (As of Mar. 2024)

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What is Arctech Solar Holding Co 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. Arctech Solar Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.11%.

Arctech Solar Holding Co ROCE % Historical Data

The historical data trend for Arctech Solar Holding Co'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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Arctech Solar Holding Co ROCE % Chart

Arctech Solar Holding Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.03

19.67

0.45

1.68

14.87

Arctech Solar Holding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.33	10.85	11.53	29.09	22.11

Arctech Solar Holding Co ROCE % Calculation

Arctech Solar Holding Co'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 )
	=	434.824	/	( ( (5592.359 - 2865.244)	+	(8165.399 - 5044.816) )	/ 2 )
	=	434.824	/	( (2727.115	+	3120.583)	/ 2 )
	=	434.824	/	2923.849
	=	14.87 %

Arctech Solar Holding Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	706.152	/	( ( (8165.399 - 5044.816)	+	(7693.004 - 4425.015) )	/ 2 )
	=	706.152	/	( ( 3120.583	+	3267.989 )	/ 2 )
	=	706.152	/	3194.286
	=	22.11 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Arctech Solar Holding Co (SHSE:688408) 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.

Arctech Solar Holding Co ROCE % Related Terms

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Arctech Solar Holding Co (SHSE:688408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Arctech Solar Holding Co Ltd (SHSE:688408) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2388 Huangpujiang Middle Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331

Website

http://www.arctechsolar.in

Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.

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