Solar AS (STU:ZVR) ROCE % : 12.61% (As of Dec. 2024)

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What is Solar AS 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 AS's annualized ROCE % for the quarter that ended in Dec. 2024 was 12.61%.

Solar AS ROCE % Historical Data

The historical data trend for Solar AS'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 AS ROCE % Chart

Solar AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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15.56

28.34

35.44

20.74

10.84

Solar AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															12.26	2.61	10.02	20.34	12.61

Solar AS ROCE % Calculation

Solar AS's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	41.031	/	( ( (820.025 - 432.284)	+	(819.02 - 450.005) )	/ 2 )
	=	41.031	/	( (387.741	+	369.015)	/ 2 )
	=	41.031	/	378.378
	=	10.84 %

Solar AS's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	46.128	/	( ( (840.111 - 477.726)	+	(819.02 - 450.005) )	/ 2 )
	=	46.128	/	( ( 362.385	+	369.015 )	/ 2 )
	=	46.128	/	365.7
	=	12.61 %

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

Solar AS (STU:ZVR) 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.

Solar AS ROCE % Related Terms

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Solar AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solar AS (STU:ZVR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SOLABc:UK 0G33:UK SOLAR B:Denmark ZVR:Germany

Address

Industrivej Vest 43, Vejen, DNK, 6600

Website

https://www.solar.eu

Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment. The company operates in Denmark, Sweden, Norway, Netherlands, Poland and Others.

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