SOLON AG fuer Solartechnik (LTS:0G3C) ROCE % : -338.70% (As of Sep. 2011)

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What is SOLON AG fuer Solartechnik 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. SOLON AG fuer Solartechnik's annualized ROCE % for the quarter that ended in Sep. 2011 was -338.70%.

SOLON AG fuer Solartechnik ROCE % Historical Data

The historical data trend for SOLON AG fuer Solartechnik'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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SOLON AG fuer Solartechnik ROCE % Chart

SOLON AG fuer Solartechnik Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

ROCE %

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20.20

15.66

12.76

-56.02

1.01

SOLON AG fuer Solartechnik Quarterly Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
ROCE %	Get a 7-Day Free Trial												-0.66	2.56	-19.72	-52.46	-338.70

SOLON AG fuer Solartechnik ROCE % Calculation

SOLON AG fuer Solartechnik's annualized ROCE % for the fiscal year that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	3.306	/	( ( (642.697 - 313.047)	+	(667.543 - 342.896) )	/ 2 )
	=	3.306	/	( (329.65	+	324.647)	/ 2 )
	=	3.306	/	327.1485
	=	1.01 %

SOLON AG fuer Solartechnik's ROCE % of for the quarter that ended in Sep. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	-511.26	/	( ( (610.217 - 384.902)	+	(466.292 - 389.714) )	/ 2 )
	=	-511.26	/	( ( 225.315	+	76.578 )	/ 2 )
	=	-511.26	/	150.9465
	=	-338.70 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

SOLON AG fuer Solartechnik (LTS:0G3C) 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.

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SOLON AG fuer Solartechnik (LTS:0G3C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SOLON AG fuer Solartechnik (LTS:0G3C) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

3840 South Palo Verde, Suite 205, Tucson, AZ, USA, 85714

Website

http://www.solon.com

SOLON SE is a Germany-based manufacturer of solar modules and supplier of solar system technology. It produces and distributes solar modules, as well monocrystalline and polycrystalline solar cells to wholesalers and installers. It focuses on the construction of turnkey solar power plants on rooftops and on open fields, as well as the distribution of systems to project developers and utility companies.

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