Gosol Energy Group AB (XSAT:GOSOL) ROCE % : 115.52% (As of Dec. 2023)

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What is Gosol Energy Group AB 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. Gosol Energy Group AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 115.52%.

Gosol Energy Group AB ROCE % Historical Data

The historical data trend for Gosol Energy Group AB'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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Gosol Energy Group AB ROCE % Chart

Gosol Energy Group AB Annual Data

Trend

Dec22

Dec23

ROCE %

64.68

115.52

Gosol Energy Group AB Semi-Annual Data
	Dec22	Dec23
ROCE %	64.68	115.52

Gosol Energy Group AB ROCE % Calculation

Gosol Energy Group AB'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 )
	=	31.264	/	( ( (40.057 - 28.456)	+	(90.169 - 47.644) )	/ 2 )
	=	31.264	/	( (11.601	+	42.525)	/ 2 )
	=	31.264	/	27.063
	=	115.52 %

Gosol Energy Group AB'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	31.264	/	( ( (40.057 - 28.456)	+	(90.169 - 47.644) )	/ 2 )
	=	31.264	/	( ( 11.601	+	42.525 )	/ 2 )
	=	31.264	/	27.063
	=	115.52 %

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

Gosol Energy Group AB (XSAT:GOSOL) 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.

Gosol Energy Group AB ROCE % Related Terms

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Gosol Energy Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gosol Energy Group AB (XSAT:GOSOL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Telefonvagen 30, Stockholm, SWE, 126 26

Website

https://www.gosol.se

Gosol Energy Group AB is a comprehensive supplier of energy solutions with a focus on solar cells, charging infrastructure and battery solutions for private individuals and companies.

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