SolarEdge Technologies (LTS:0L7S) ROCE % : -129.40% (As of Sep. 2024)

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What is SolarEdge Technologies 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. SolarEdge Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -129.40%.

SolarEdge Technologies ROCE % Historical Data

The historical data trend for SolarEdge Technologies'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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SolarEdge Technologies ROCE % Chart

SolarEdge Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.42

9.10

8.72

6.31

2.41

SolarEdge Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.77	-20.46	-19.03	-18.44	-129.40

SolarEdge Technologies ROCE % Calculation

SolarEdge Technologies'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 )
	=	85.298	/	( ( (4265.949 - 889.717)	+	(4587.731 - 893.231) )	/ 2 )
	=	85.298	/	( (3376.232	+	3694.5)	/ 2 )
	=	85.298	/	3535.366
	=	2.41 %

SolarEdge Technologies's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-3425.188	/	( ( (3948.214 - 566.824)	+	(2816.394 - 903.812) )	/ 2 )
	=	-3425.188	/	( ( 3381.39	+	1912.582 )	/ 2 )
	=	-3425.188	/	2646.986
	=	-129.40 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

SolarEdge Technologies (LTS:0L7S) 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.

SolarEdge Technologies ROCE % Related Terms

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SolarEdge Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarEdge Technologies Inc (LTS:0L7S) » Definitions » ROCE %

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Address

1 HaMada Street, Post Box 12001, Herziliya Pituach, ISR, 4673335

Website

https://www.solaredge.com

SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.

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