Bright Solar (NSE:BRIGHT) ROCE % : 2.61% (As of Sep. 2022)

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What is Bright Solar 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. Bright Solar's annualized ROCE % for the quarter that ended in Sep. 2022 was 2.61%.

Bright Solar ROCE % Historical Data

The historical data trend for Bright 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.

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Bright Solar ROCE % Chart

Bright Solar Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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68.90

14.60

2.97

1.45

-20.97

Bright Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
ROCE %	Get a 7-Day Free Trial										2.30	0.59	-14.83	-27.27	2.61

Bright Solar ROCE % Calculation

Bright Solar's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-73.253	/	( ( (503.724 - 118.401)	+	(409.024 - 95.74) )	/ 2 )
	=	-73.253	/	( (385.323	+	313.284)	/ 2 )
	=	-73.253	/	349.3035
	=	-20.97 %

Bright Solar's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	8.198	/	( ( (409.024 - 95.74)	+	(441.619 - 125.953) )	/ 2 )
	=	8.198	/	( ( 313.284	+	315.666 )	/ 2 )
	=	8.198	/	314.475
	=	2.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

Bright Solar (NSE:BRIGHT) 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.

Bright Solar ROCE % Related Terms

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Bright Solar (NSE:BRIGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Bright Solar Ltd (NSE:BRIGHT) » Definitions » ROCE %

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Address

Thaltej Cross Road, S.G. Highway, C-602, Titanium Square, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.brightsolarltd.com

Bright Solar Ltd is engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems. It is also engaged in Engineering, Procurement, and Construction (EPC) contracts for Solar Photovoltaic Water pumps which include supplying, installing, and commissioning the pump system along with a comprehensive maintenance contract. Its product offerings include solar water pumping systems, DC solar pumps, AC solar pumps, bright solar marts, and others. The operating segments of the company are Solar Water Pumping and Other Solar System; Installation of Systems and Consulting of Project Tendering and Infrastructure, and FMCG Sales. The company generates the majority of its revenue from Solar Water Pumping and other system sales.

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