Solaer Reneable Energies (XTAE:SOLR) ROCE % : 5.28% (As of Sep. 2024)

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What is Solaer Reneable Energies 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. Solaer Reneable Energies's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.28%.

Solaer Reneable Energies ROCE % Historical Data

The historical data trend for Solaer Reneable Energies'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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Solaer Reneable Energies ROCE % Chart

Solaer Reneable Energies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

9.15

-3.97

0.69

1.51

Solaer Reneable Energies Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													1.45	-4.77	-2.00	1.51	5.28

Solaer Reneable Energies ROCE % Calculation

Solaer Reneable Energies'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 )
	=	16.098	/	( ( (1034.333 - 74.972)	+	(1273.694 - 96.725) )	/ 2 )
	=	16.098	/	( (959.361	+	1176.969)	/ 2 )
	=	16.098	/	1068.165
	=	1.51 %

Solaer Reneable Energies'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 )
	=	73.476	/	( ( (1522.549 - 147.744)	+	(1592.618 - 183.246) )	/ 2 )
	=	73.476	/	( ( 1374.805	+	1409.372 )	/ 2 )
	=	73.476	/	1392.0885
	=	5.28 %

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

Solaer Reneable Energies (XTAE:SOLR) 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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Solaer Reneable Energies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solaer Reneable Energies Ltd (XTAE:SOLR) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Eli Horowitz 27, Rehovot, ISR, 7608803

Website

https://www.solaer.co.il

Solaer Reneable Energies Ltd is engaged in the initiation, construction and operation of solar systems in Israel and Spain.