Soltec Power Holdings (XMAD:SOL) ROCE % : -14.43% (As of Jun. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Soltec Power 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. Soltec Power Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -14.43%.

Soltec Power Holdings ROCE % Historical Data

The historical data trend for Soltec Power 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.

* Premium members only.

Soltec Power Holdings ROCE % Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

7.52

-6.94

-1.28

10.89

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-32.81	29.96	-8.01	25.86	-14.43

Soltec Power Holdings ROCE % Calculation

Soltec Power 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 )
	=	22.293	/	( ( (476.951 - 309.66)	+	(555.81 - 313.52) )	/ 2 )
	=	22.293	/	( (167.291	+	242.29)	/ 2 )
	=	22.293	/	204.7905
	=	10.89 %

Soltec Power 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 )
	=	-38.37	/	( ( (555.81 - 313.52)	+	(602.503 - 312.808) )	/ 2 )
	=	-38.37	/	( ( 242.29	+	289.695 )	/ 2 )
	=	-38.37	/	265.9925
	=	-14.43 %

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

Soltec Power Holdings (XMAD:SOL) 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.

Soltec Power Holdings ROCE % Related Terms

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

Soltec Power Holdings (XMAD:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.