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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. Solid Power's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.49%.
The historical data trend for Solid Power'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.
Solid Power Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | -47.07 | -88.19 | 5.94 | -1.65 | -12.01 |
Solid Power Quarterly Data | |||||||||||||||
Dec19 | Jun20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -0.43 | -13.51 | -8.82 | -11.24 | -14.49 |
Solid Power'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 ) | |||||
= | -65.465 | / | ( ( (594.446 - 20.733) | + | (532.792 - 15.879) ) | / 2 ) | |
= | -65.465 | / | ( (573.713 | + | 516.913) | / 2 ) | |
= | -65.465 | / | 545.313 | ||||
= | -12.01 % |
Solid Power'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 ) | |||||
= | -75.988 | / | ( ( (543.926 - 11.974) | + | (532.792 - 15.879) ) | / 2 ) | |
= | -75.988 | / | ( ( 531.952 | + | 516.913 ) | / 2 ) | |
= | -75.988 | / | 524.4325 | ||||
= | -14.49 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Solid Power (NAS:SLDP) 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.
Thank you for viewing the detailed overview of Solid Power's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joshua Buettner-garrett | officer: Chief Technology Officer | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Steven H Goldberg | director | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Kaled Awada | director | 7450 N. MCCORMICK BLVD., SKOKIE IL 60076 |
Susan M Kreh | director | 18400 PLEASANT STREET, BROOKFIELD WI 53045 |
Van Scoter John C. | director, officer: President & CEO | 486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Erik J Anderson | director, officer: Chief Executive Officer | 1411 E MISSION AVE, SPOKANE WA 99202 |
Douglas M Campbell | director, officer: Chief Executive Officer | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
John Joseph Stephens | director | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Mary Ann Wright | director | 486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Volta Energy Technologies, Llc | 10 percent owner | 28365 DAVIS PARKWAY, SUITE 202, WARRENVILLE IL 60555 |
Aleksandra A Miziolek | director | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Lesa B Roe | director | C/O SOLID POWER, INC., 486 S PIERCE AVE, SUITE E, LOUISVILLE CO 80027 |
Johnson Derek Colby | officer: Chief Operating Officer | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
Rainer Feurer | director | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
David B Jansen | director, officer: President | C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027 |
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