CSI Solar Co (SHSE:688472) ROCE % : 10.41% (As of Mar. 2024)

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What is CSI Solar 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. CSI Solar Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.41%.

CSI Solar Co ROCE % Historical Data

The historical data trend for CSI Solar 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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CSI Solar Co ROCE % Chart

CSI Solar Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.27

15.45

1.67

11.85

16.23

CSI Solar Co Quarterly Data
	Mar17	Jun17	Sep17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															28.98	24.79	14.33	2.27	10.41

CSI Solar Co ROCE % Calculation

CSI Solar 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 )
	=	3642.201	/	( ( (48300.197 - 32094.977)	+	(65775.367 - 37089.716) )	/ 2 )
	=	3642.201	/	( (16205.22	+	28685.651)	/ 2 )
	=	3642.201	/	22445.4355
	=	16.23 %

CSI Solar 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 )
	=	3123.192	/	( ( (65775.367 - 37089.716)	+	(67583.8 - 36251.37) )	/ 2 )
	=	3123.192	/	( ( 28685.651	+	31332.43 )	/ 2 )
	=	3123.192	/	30009.0405
	=	10.41 %

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

CSI Solar Co (SHSE:688472) 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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CSI Solar Co (SHSE:688472) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CSI Solar Co Ltd (SHSE:688472) » Definitions » ROCE %

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Address

No. 199 Lushan Road, Suzhou High-tech Zone, Jiangsu Province, Suzhou, CHN, 215129

Website

https://www.csisolar.com

CSI Solar Co Ltd research & development, production and sales of crystalline silicon photovoltaic modules. Its products include Modules, inverters, system kits, and energy storage.

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