SolarWorld AG (SolarWorld AG) ROCE % : -59.45% (As of Dec. 2016)

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What is SolarWorld AG 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. SolarWorld AG's annualized ROCE % for the quarter that ended in Dec. 2016 was -59.45%.

SolarWorld AG ROCE % Historical Data

The historical data trend for SolarWorld AG'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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SolarWorld AG ROCE % Chart

SolarWorld AG Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

ROCE %

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-48.31

-42.92

105.43

-2.30

-17.15

SolarWorld AG Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
ROCE %	Get a 7-Day Free Trial															0.59	-6.10	2.87	-18.32	-59.45

SolarWorld AG ROCE % Calculation

SolarWorld AG's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	-105.715	/	( ( (946.305 - 232.76)	+	(724.623 - 205.208) )	/ 2 )
	=	-105.715	/	( (713.545	+	519.415)	/ 2 )
	=	-105.715	/	616.48
	=	-17.15 %

SolarWorld AG's ROCE % of for the quarter that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2016 )		(Q: Sep. 2016 )		(Q: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2016 )		(Q: Sep. 2016 )		(Q: Dec. 2016 )
	=	-297.592	/	( ( (891.118 - 409.312)	+	(724.623 - 205.208) )	/ 2 )
	=	-297.592	/	( ( 481.806	+	519.415 )	/ 2 )
	=	-297.592	/	500.6105
	=	-59.45 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2016) EBIT data.

SolarWorld AG (OTCPK:SRWRF) 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.

SolarWorld AG ROCE % Related Terms

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SolarWorld AG (SolarWorld AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarWorld AG (OTCPK:SRWRF) » Definitions » ROCE %

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Address

Martin-Luther-King-Street 24, Bonn, DEU, 53175

Website

http://www.solarworld.de

SolarWorld AG is a manufacturer of solar power products. It also researches, develops, produces and recycles on all levels of the solar value-added chain. It also focuses on the production and international distribution of high-end solar energy facilities. The business operates through segments that include Production Germany, Production United States, Trade, and Others. The Trade segment generates maximum revenue for the company. Its product line consists of module and assembly kit, cells and wafers, power generation, and other revenue. The sales of module and assembly kit generate maximum revenue for the company.

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