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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. Sunworks's annualized ROCE % for the quarter that ended in Sep. 2023 was -337.74%.
The historical data trend for Sunworks'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.
Sunworks Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -33.30 | -61.23 | -60.53 | -46.30 | -38.61 |
Sunworks Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
ROCE % | Get a 7-Day Free Trial | -29.32 | -39.04 | -38.24 | -81.73 | -337.74 |
Sunworks's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -27.945 | / | ( ( (100.813 - 24.745) | + | (119.94 - 51.256) ) | / 2 ) | |
= | -27.945 | / | ( (76.068 | + | 68.684) | / 2 ) | |
= | -27.945 | / | 72.376 | ||||
= | -38.61 % |
Sunworks's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | -144.04 | / | ( ( (103.186 - 45.495) | + | (67.503 - 39.897) ) | / 2 ) | |
= | -144.04 | / | ( ( 57.691 | + | 27.606 ) | / 2 ) | |
= | -144.04 | / | 42.6485 | ||||
= | -337.74 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 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.
Sunworks (OTCPK:SUNWQ) 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 Sunworks's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Trout | officer: Group CEO of Solcius | 1598 E. BOX ELDER DRIVE, ALPINE UT 84004 |
Jason Lee Bonfigt | officer: Chief Financial Officer | 3240 S. CENTRAL AVE., CICERO IL 60804 |
Gaylon Morris | director, officer: Chief Executive Officer | 1030 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 95678 |
Mccullough Patrick Clement Jr. | director | 3858 WEST 12240 SOUTH, PAYSON UT 84651 |
Christopher Gardner Monahan | officer: Chief Legal Officer | 1555 FREEDOM BLVD 200 WEST, PROVO UT 84604 |
Jason Scott Knapp | officer: President of Solcius | 3858 WEST 12240 SOUTH, PAYSON UT 84651 |
Charles F Cargile | director | C/O SUNWORKS, INC., 1010 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 95678 |
Judith Ann Hall | director | C/O SUNWORKS, INC., 1030 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 95678 |
Philip A. Radmilovic | officer: Chief Financial Officer | 3569 MINERS RAVINE DR., ROSEVILLE CA 95661 |
Stanley E Speer | director | 100 WILSHIRE BLVD, STE 1600, SANTA MONICA CA 90401 |
Joshua Schechter | director | C/O THE PANTRY, INC., 305 GREGSON DRIVE, CARY NC 27511 |
Daniel Andrew Gross | director | C/0 SUNWORKS, INC, 1030 WINDING CREEK ROAD, SUITE 100, ROSEVILLE CA 34110 |
Abraham Richard Emard | director | 2690 TAYLOR ROAD, PENRYN CA 95663 |
Paul Clayton Mcdonnel | officer: Chief Financial Officer | ARROWHEAD RESEARCH CORPORATION, 201 SOUTH LAKE AVENUE, SUITE 703, PASADENA CA 91101 |
Slooten John Van | director | 1592 RED TREE COURT, DRAPER UT 84020 |
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