Solareast Holdings Co (SHSE:603366) ROCE % : -5.15% (As of Mar. 2024)

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What is Solareast Holdings Co 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. Solareast Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.15%.

Solareast Holdings Co ROCE % Historical Data

The historical data trend for Solareast Holdings Co'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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Solareast Holdings Co ROCE % Chart

Solareast Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.60

6.37

5.96

7.30

5.74

Solareast Holdings Co Quarterly Data
	Jun19	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															-1.22	11.84	7.81	4.55	-5.15

Solareast Holdings Co ROCE % Calculation

Solareast Holdings Co'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 )
	=	234.189	/	( ( (6491.853 - 2514.333)	+	(7071.741 - 2884.288) )	/ 2 )
	=	234.189	/	( (3977.52	+	4187.453)	/ 2 )
	=	234.189	/	4082.4865
	=	5.74 %

Solareast Holdings Co'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 )
	=	-214.148	/	( ( (7071.741 - 2884.288)	+	(6986.646 - 2853.81) )	/ 2 )
	=	-214.148	/	( ( 4187.453	+	4132.836 )	/ 2 )
	=	-214.148	/	4160.1445
	=	-5.15 %

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

Solareast Holdings Co (SHSE:603366) 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.

Solareast Holdings Co ROCE % Related Terms

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Solareast Holdings Co (SHSE:603366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solareast Holdings Co Ltd (SHSE:603366) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ninghai Industrial Zone, Lianyungang, Jiangsu Province, CHN, 222243

Website

http://en.sunrain.com

Solareast Holdings Co Ltd, formerly Jiangsu Sunrain Solar Energy Co Ltd operates in the solar energy industry. It is specialized in research and application of solar energy. The company's products are exported to more than 100 countries and regions all over the world. It provides solutions for healthy hot water and water purification system. The product range includes heat pipe collector R1, U pipe collector, domestic series heat pump, non-pressure solar water heater, pressurized pre-heated solar water heater and solar charger.

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