Solar Energy Initiatives (Solar Energy Initiatives) ROCE % : 0.00% (As of Apr. 2013)

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What is Solar Energy Initiatives 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. Solar Energy Initiatives's annualized ROCE % for the quarter that ended in Apr. 2013 was 0.00%.

Solar Energy Initiatives ROCE % Historical Data

The historical data trend for Solar Energy Initiatives'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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Solar Energy Initiatives ROCE % Chart

Solar Energy Initiatives Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

ROCE %

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-640.94

-288.18

-2,556.67

Solar Energy Initiatives Quarterly Data
	Jul08	Oct08	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Solar Energy Initiatives ROCE % Calculation

Solar Energy Initiatives's annualized ROCE % for the fiscal year that ended in Jul. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2012 )		(A: Jul. 2011 )		(A: Jul. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2012 )		(A: Jul. 2011 )		(A: Jul. 2012 )
	=	-1.3	/	( ( (0.037 - 1.264)	+	(0.003 - 2.134) )	/ 2 )
	=	-1.3	/	( (-1.227	+	-2.131)	/ 2 )
	=	-1.3	/	-1.679
	=	77.43 %

Solar Energy Initiatives's ROCE % of for the quarter that ended in Apr. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2013 )		(Q: Jan. 2013 )		(Q: Apr. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2013 )		(Q: Jan. 2013 )		(Q: Apr. 2013 )
	=	-1.284	/	( ( (0 - 2.272)	+	(0.018 - 2.403) )	/ 2 )
	=	-1.284	/	( ( -2.272	+	-2.385 )	/ 2 )
	=	-1.284	/	-2.3285
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2013) EBIT data.

Solar Energy Initiatives (OTCPK:SNRY) 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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Solar Energy Initiatives (Solar Energy Initiatives) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Solar Energy Initiatives Inc (OTCPK:SNRY) » Definitions » ROCE %

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Address

2245 Texas Drive, Suite 300, Sugar Land, TX, USA, 77479

Website

https://www.solar-initiatives.com

Solar Energy Initiatives Inc offers cybersecurity simulation and educational content - the tools to mitigate vulnerabilities and bolster cyber defense.

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