Big Sun Energy Technology (ROCO:3566) ROCE % : -14.46% (As of Dec. 2019)

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What is Big Sun Energy Technology 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. Big Sun Energy Technology's annualized ROCE % for the quarter that ended in Dec. 2019 was -14.46%.

Big Sun Energy Technology ROCE % Historical Data

The historical data trend for Big Sun Energy Technology'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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Big Sun Energy Technology ROCE % Chart

Big Sun Energy Technology Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-5.77

-8.60

-8.84

-51.86

-43.40

Big Sun Energy Technology Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
ROCE %	Get a 7-Day Free Trial															-11.46	-9.67	-98.85	-73.02	-14.46

Big Sun Energy Technology ROCE % Calculation

Big Sun Energy Technology's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-172.515	/	( ( (563.255 - 145.103)	+	(510.879 - 134.083) )	/ 2 )
	=	-172.515	/	( (418.152	+	376.796)	/ 2 )
	=	-172.515	/	397.474
	=	-43.40 %

Big Sun Energy Technology's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	-54.548	/	( ( (510.255 - 132.828)	+	(510.879 - 134.083) )	/ 2 )
	=	-54.548	/	( ( 377.427	+	376.796 )	/ 2 )
	=	-54.548	/	377.1115
	=	-14.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2019) EBIT data.

Big Sun Energy Technology (ROCO:3566) 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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Big Sun Energy Technology (ROCO:3566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Big Sun Energy Technology Inc (ROCO:3566) » Definitions » ROCE %

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Address

No.458-9, Sinsing Road, Hukou Township, Hsinchu, TWN, 30353

Website

http://www.bigsun-energy.com

Big Sun Energy Technology Inc is a solar energy manufacturer in Taiwan. Its main products and services include Mono-Crystalline Silicon/Multi-Crystalline Silicon Solar Cell and Customizations Services.

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