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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. Shoals Technologies Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.19%.
The historical data trend for Shoals Technologies Group'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.
Shoals Technologies Group Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
ROCE % | Get a 7-Day Free Trial | 15.96 | 22.30 | 6.56 | 36.40 | 12.22 |
Shoals Technologies Group Quarterly Data | ||||||||||||||||||||
Dec18 | Sep19 | 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 | 16.24 | 17.04 | -5.65 | 16.92 | 6.19 |
Shoals Technologies Group'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 ) | |||||
= | 79.035 | / | ( ( (594.895 - 52.622) | + | (843.993 - 92.63) ) | / 2 ) | |
= | 79.035 | / | ( (542.273 | + | 751.363) | / 2 ) | |
= | 79.035 | / | 646.818 | ||||
= | 12.22 % |
Shoals Technologies Group'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 ) | |||||
= | 46.336 | / | ( ( (843.993 - 92.63) | + | (825.306 - 79.622) ) | / 2 ) | |
= | 46.336 | / | ( ( 751.363 | + | 745.684 ) | / 2 ) | |
= | 46.336 | / | 748.5235 | ||||
= | 6.19 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Shoals Technologies Group (NAS:SHLS) 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.
Thank you for viewing the detailed overview of Shoals Technologies Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffery Tolnar | officer: President | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
Mehgan Peetz | officer: General Counsel | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
Dominic Bardos | officer: Chief Financial Officer | 1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101 |
Brandon Moss | officer: Chief Executive Officer | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
Jason R Whitaker | director, officer: Chief Executive Officer | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
Dean Solon | director | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
Jeannette M Mills | director | C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117 |
Robert K. Julian | director | C/O SPORTSMAN'S WAREHOUSE, 7035 SOUTH HIGH TECH DRIVE, MIDVALE UT 84047 |
Philip A Garton | officer: Chief Financial Officer | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
White John Joseph Jr | officer: Chief Operating Officer | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
Bam Partners Trust | 10 percent owner | 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3 |
Lori S Sundberg | director | 400 NORTH FIFTH STREET, PHOENIX AZ 85004 |
Ty P. Daul | director | 77 RIO ROBLES, SAN JOSE CA 95134 |
Toni Volpe | director | C/O SHOALS TECHNOLOGIES GROUP, 1400 SHOALS WAY, PORTLAND TN 37148 |
Solon Holdco Iii, Llc | 10 percent owner | 1400 SHOALS WAY, PORTLAND TN 37148 |
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