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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. First Solar's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.60%.
The historical data trend for First Solar'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.
First Solar Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -1.49 | 5.09 | 9.04 | 0.30 | 11.11 |
First Solar Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -0.20 | 2.00 | 9.93 | 14.45 | 17.60 |
First Solar'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 ) | |||||
= | 904.255 | / | ( ( (8251.228 - 1038.048) | + | (10365.132 - 1306.158) ) | / 2 ) | |
= | 904.255 | / | ( (7213.18 | + | 9058.974) | / 2 ) | |
= | 904.255 | / | 8136.077 | ||||
= | 11.11 % |
First Solar'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 ) | |||||
= | 1534.996 | / | ( ( (9582.645 - 1199.105) | + | (10365.132 - 1306.158) ) | / 2 ) | |
= | 1534.996 | / | ( ( 8383.54 | + | 9058.974 ) | / 2 ) | |
= | 1534.996 | / | 8721.257 | ||||
= | 17.60 % |
(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.
First Solar (NAS:FSLR) 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 First Solar's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Georges Antoun | officer: Chief Operating Officer | C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281 |
Kuntal Kumar Verma | officer: Chief Mfg. Engineering Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Alexander R. Bradley | officer: Chief Financial Officer | 77 RIO ROBLES, SAN JOSE CA 95134 |
Markus Gloeckler | officer: Co-Chief Technology Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
R Craig Kennedy | director | 1844 "R" STREET, NW, WASHINGTON DC 20009 |
Mark R Widmar | officer: Chief Financial Officer | C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130 |
Michael T Sweeney | director | GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402 |
William J Post | director | 400 NORTH FIFTH STREET, ., PHOENIX AZ 85004 |
Paul H Stebbins | director | C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178 |
Byron Michael Jeffers | officer: CAO, Interim | 350 WEST WASHINGTON ST., TEMPE AZ 85281 |
Richard D Chapman | director | 350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281 |
Jason E. Dymbort | officer: General Counsel, Interim | 77 RIO ROBLES, SAN JOSE CA 95134 |
Norman L. Wright | director | 26335 N. 104TH WAY, SCOTTSDALE AZ 85255 |
Patrick James Buehler | officer: Chief Quality and Rel. Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Michael Koralewski | officer: Chief Mfg. Operations Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
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