Trendsetter Solar Products (Trendsetter Solar Products) ROCE % : 0.00% (As of . 20)

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What is Trendsetter Solar Products 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. Trendsetter Solar Products's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Trendsetter Solar Products ROCE % Historical Data

The historical data trend for Trendsetter Solar Products'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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Trendsetter Solar Products ROCE % Chart

Trendsetter Solar Products Annual Data

Trend

ROCE %

Trendsetter Solar Products Quarterly Data

ROCE %

Trendsetter Solar Products ROCE % Calculation

Trendsetter Solar Products's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Trendsetter Solar Products's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Trendsetter Solar Products (OTCPK:TSSP) 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.

Trendsetter Solar Products ROCE % Related Terms

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Trendsetter Solar Products (Trendsetter Solar Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Trendsetter Solar Products Inc (OTCPK:TSSP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

818 Broadway, Eureka, CA, USA, 95501

Website

http://www.trendsetterindustries.com

Trendsetter Solar Products Inc is engaged in manufacturing solar hot water heating systems. It offers solar water heating solutions, including solar radiant floor heating options. Geographically, all the business activities are carried out in the United States.

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