Solar Alliance Energy (TSXV:SOLR) ROCE % : 0.00% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Solar Alliance 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. Solar Alliance Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Solar Alliance Energy ROCE % Historical Data

The historical data trend for Solar Alliance 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.

* Premium members only.

Solar Alliance Energy ROCE % Chart

Solar Alliance Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

Solar Alliance Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Solar Alliance Energy ROCE % Calculation

Solar Alliance 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 )
	=	-1.805	/	( ( (3.698 - 4.789)	+	(1.803 - 3.992) )	/ 2 )
	=	-1.805	/	( (-1.091	+	-2.189)	/ 2 )
	=	-1.805	/	-1.64
	=	110.06 %

Solar Alliance Energy's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-4.316	/	( ( (3.376 - 4.44)	+	(1.803 - 3.992) )	/ 2 )
	=	-4.316	/	( ( -1.064	+	-2.189 )	/ 2 )
	=	-4.316	/	-1.6265
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Solar Alliance Energy (TSXV:SOLR) 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.

Solar Alliance Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Solar Alliance Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Solar Alliance Energy (TSXV:SOLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Alliance Energy Inc (TSXV:SOLR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAENF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.solaralliance.com

Solar Alliance Energy Inc is an energy solutions provider focused on commercial, industrial, and residential solar installations. Its operating segments are Solar EPC and Solar generation from solar facilities. The company operates in two geographical markets - the United States and Canada. The United States contributes a majority of the total revenue.

Executives

Jason Bak

Director, Senior Officer