Golden Solar New Energy Technology Holdings (HKSE:01121) ROCE % : -37.23% (As of Jun. 2023)

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What is Golden Solar New Energy Technology Holdings 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. Golden Solar New Energy Technology Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -37.23%.

Golden Solar New Energy Technology Holdings ROCE % Historical Data

The historical data trend for Golden Solar New Energy Technology Holdings'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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Golden Solar New Energy Technology Holdings ROCE % Chart

Golden Solar New Energy Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-163.26

-2,291.89

12.66

-32.08

-49.82

Golden Solar New Energy Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.77	-39.85	-17.38	-37.23	-62.65

Golden Solar New Energy Technology Holdings ROCE % Calculation

Golden Solar New Energy Technology Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-179.242	/	( ( (706.133 - 328.738)	+	(1022.175 - 281.97) )	/ 2 )
	=	-179.242	/	( (377.395	+	740.205)	/ 2 )
	=	-179.242	/	558.8
	=	-32.08 %

Golden Solar New Energy Technology Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-269.322	/	( ( (1022.175 - 281.97)	+	(918.363 - 211.778) )	/ 2 )
	=	-269.322	/	( ( 740.205	+	706.585 )	/ 2 )
	=	-269.322	/	723.395
	=	-37.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Golden Solar New Energy Technology Holdings (HKSE:01121) 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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Golden Solar New Energy Technology Holdings (HKSE:01121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Golden Solar New Energy Technology Holdings Ltd (HKSE:01121) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huoju Industrial Zone, Jiangnan Town, Licheng District, Fujian Province, Quanzhou, CHN, 362300

Website

http://www.baofengmodern.com

Golden Solar New Energy Technology Holdings Ltd is a material technology company that engages in different market segments such as footwear, environmental protection and energy-related fields.

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