Pineapple Energy (Pineapple Energy) ROCE % : 22.72% (As of Mar. 2024)

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What is Pineapple Energy 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. Pineapple Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.72%.

Pineapple Energy ROCE % Historical Data

The historical data trend for Pineapple Energy'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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Pineapple Energy ROCE % Chart

Pineapple Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-211.99

-9.41

-9.85

Pineapple Energy Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-17.58	2.32	-14.74	-8.06	22.72

Pineapple Energy ROCE % Calculation

Pineapple Energy'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 )
	=	-4.163	/	( ( (74.695 - 25.934)	+	(58.173 - 22.373) )	/ 2 )
	=	-4.163	/	( (48.761	+	35.8)	/ 2 )
	=	-4.163	/	42.2805
	=	-9.85 %

Pineapple Energy'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 )
	=	7.896	/	( ( (58.173 - 22.373)	+	(54.654 - 20.946) )	/ 2 )
	=	7.896	/	( ( 35.8	+	33.708 )	/ 2 )
	=	7.896	/	34.754
	=	22.72 %

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

Pineapple Energy (NAS:PEGY) 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.

Pineapple Energy ROCE % Related Terms

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Pineapple Energy (Pineapple Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Pineapple Energy Inc (NAS:PEGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VC91:Germany

Address

10900 Red Circle Drive, Minnetonka, MN, USA, 55343

Website

https://www.pineappleenergy.com

Pineapple Energy Inc provides households with sustainable solar energy, back-up power and security, control and predictability, and cost savings. It provides a full range of installation services, including the design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring and maintenance of residential solar energy systems. The company also offers battery storage to customers in select markets and serves a limited number of enterprise customers.

Executives

Northern Pacific Growth Investment Advisors, Llc	10 percent owner	315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Scott Maskin	director	40 GRASSMERE AVENUE, OAKDALE NY 11769
Eric Ingvaldson	officer: CHIEF FINANCIAL OFFICER	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Michael R. Zapata	director	2765 NW NICOLAI STREET, PORTLAND OR 97210
Roger Hd Lacey	director	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Scott Honour	director	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Kyle Udseth	director, officer: CHIEF EXECUTIVE OFFICER	NORTHERN PACIFIC GROUP, 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Tom Holland	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Marilyn S. Adler	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Mike Siegler	officer: Senior Vice President	10900 RED CIRCLE DR., MINNETONKA MN 55343
Anita Kumar	director, officer: President/CEO	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Steven Webster	director	4901 ARDEN AVE., EDINA MN 55424
Richard A Primuth	director
Scott Fluegge	officer: VP	12946 66TH ST N, WEST PALM BEACH FL 33412
Scott Gregory Otis	officer: VP	18535 SCHROERS FARM ROAD, EDEN PRAIRIE MN 55347