SolarBank (STU:GY2) ROCE % : 8.64% (As of Sep. 2024)

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What is SolarBank 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. SolarBank's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.64%.

SolarBank ROCE % Historical Data

The historical data trend for SolarBank'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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SolarBank ROCE % Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-2.67

27.55

-1.57

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial							42.19	2.18	59.62	-96.49	8.64

SolarBank ROCE % Calculation

SolarBank's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.235	/	( ( (17.347 - 4.921)	+	(26.59 - 9.076) )	/ 2 )
	=	-0.235	/	( (12.426	+	17.514)	/ 2 )
	=	-0.235	/	14.97
	=	-1.57 %

SolarBank'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 )
	=	4.92	/	( ( (26.59 - 9.076)	+	(120.389 - 24.034) )	/ 2 )
	=	4.92	/	( ( 17.514	+	96.355 )	/ 2 )
	=	4.92	/	56.9345
	=	8.64 %

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

SolarBank (STU:GY2) 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.

SolarBank ROCE % Related Terms

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SolarBank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (STU:GY2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SUUN:USA SUNN:Canada

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

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