SMA Solar Technology AG (SMA Solar Technology AG) ROCE % : 29.69% (As of Dec. 2023)

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What is SMA Solar Technology AG 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. SMA Solar Technology AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.69%.

SMA Solar Technology AG ROCE % Historical Data

The historical data trend for SMA Solar Technology AG'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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SMA Solar Technology AG ROCE % Chart

SMA Solar Technology AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.41

4.33

-4.39

5.21

32.85

SMA Solar Technology AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.19	28.16	28.14	44.34	29.69

SMA Solar Technology AG ROCE % Calculation

SMA Solar Technology AG'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 )
	=	300.314	/	( ( (1175.873 - 404.915)	+	(1768.719 - 711.396) )	/ 2 )
	=	300.314	/	( (770.958	+	1057.323)	/ 2 )
	=	300.314	/	914.1405
	=	32.85 %

SMA Solar Technology AG's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	301.976	/	( ( (1667.509 - 690.652)	+	(1768.719 - 711.396) )	/ 2 )
	=	301.976	/	( ( 976.857	+	1057.323 )	/ 2 )
	=	301.976	/	1017.09
	=	29.69 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

SMA Solar Technology AG (OTCPK:SMTGF) 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.

SMA Solar Technology AG ROCE % Related Terms

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SMA Solar Technology AG (SMA Solar Technology AG) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMA Solar Technology AG (OTCPK:SMTGF) » Definitions » ROCE %

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SMTGY:USA 1S:Italy S92d:UK 0NIF:UK S92:Germany S92:Austria

Address

Sonnenallee 1, Niestetal, DEU, 34266

Website

https://www.sma.de

SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.

SMA Solar Technology AG (SMA Solar Technology AG) Headlines

From GuruFocus

SMA Solar Technology AG: Managing Board Raises Earnings Forecast for Current Fiscal Year

By ACCESSWIRE ACCESSWIRE • 10-27-2022