FTC Solar (FRA:6YK) ROCE % : -53.75% (As of Mar. 2024)

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What is FTC Solar 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. FTC Solar's annualized ROCE % for the quarter that ended in Mar. 2024 was -53.75%.

FTC Solar ROCE % Historical Data

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

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-12,391.58

-267.42

-131.57

-91.57

-69.65

FTC Solar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													-61.38	-51.44	-80.35	-61.69	-53.75

FTC Solar ROCE % Calculation

FTC Solar'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 )
	=	-46.194	/	( ( (126.872 - 56.961)	+	(112.855 - 50.128) )	/ 2 )
	=	-46.194	/	( (69.911	+	62.727)	/ 2 )
	=	-46.194	/	66.319
	=	-69.65 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-31.816	/	( ( (112.855 - 50.128)	+	(105.828 - 50.169) )	/ 2 )
	=	-31.816	/	( ( 62.727	+	55.659 )	/ 2 )
	=	-31.816	/	59.193
	=	-53.75 %

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

FTC Solar (FRA:6YK) 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.

FTC Solar ROCE % Related Terms

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FTC Solar (FRA:6YK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (FRA:6YK) » Definitions » ROCE %

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FTCI:USA

Address

9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.

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