Solax Power Network Technology (Zhejiang) Co (SHSE:688717) ROCE % : 3.47% (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Solax Power Network Technology (Zhejiang) Co 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. Solax Power Network Technology (Zhejiang) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.47%.

Solax Power Network Technology (Zhejiang) Co ROCE % Historical Data

The historical data trend for Solax Power Network Technology (Zhejiang) Co'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.

* Premium members only.

Solax Power Network Technology (Zhejiang) Co ROCE % Chart

Solax Power Network Technology (Zhejiang) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

89.79

14.92

114.12

40.61

Solax Power Network Technology (Zhejiang) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							162.60	88.63	6.76	4.49	3.47

Solax Power Network Technology (Zhejiang) Co ROCE % Calculation

Solax Power Network Technology (Zhejiang) Co'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 )
	=	1210.414	/	( ( (3230.254 - 1789.88)	+	(5355.18 - 833.875) )	/ 2 )
	=	1210.414	/	( (1440.374	+	4521.305)	/ 2 )
	=	1210.414	/	2980.8395
	=	40.61 %

Solax Power Network Technology (Zhejiang) Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	157.488	/	( ( (5355.18 - 833.875)	+	(5490.021 - 931.321) )	/ 2 )
	=	157.488	/	( ( 4521.305	+	4558.7 )	/ 2 )
	=	157.488	/	4540.0025
	=	3.47 %

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

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) 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.

Solax Power Network Technology (Zhejiang) Co ROCE % Related Terms

Thank you for viewing the detailed overview of Solax Power Network Technology (Zhejiang) Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solax Power Network Technology (Zhejiang) Co Ltd (SHSE:688717) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

https://www.solaxpower.com.cn

Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Headlines

No Headlines