Emeren Group (Emeren Group) ROCE % : -3.72% (As of Sep. 2023)

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What is Emeren Group 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. Emeren Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -3.72%.

Emeren Group ROCE % Historical Data

The historical data trend for Emeren 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.

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Emeren Group ROCE % Chart

Emeren Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.27

-0.62

3.71

3.38

0.11

Emeren Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															0.90	1.78	-2.70	4.62	-3.72

Emeren Group ROCE % Calculation

Emeren Group'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 )
	=	0.536	/	( ( (529.268 - 35.099)	+	(493.85 - 43.297) )	/ 2 )
	=	0.536	/	( (494.169	+	450.553)	/ 2 )
	=	0.536	/	472.361
	=	0.11 %

Emeren Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-15.836	/	( ( (477.688 - 41.831)	+	(454.428 - 39.539) )	/ 2 )
	=	-15.836	/	( ( 435.857	+	414.889 )	/ 2 )
	=	-15.836	/	425.373
	=	-3.72 %

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

Emeren Group (NYSE: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.

Emeren Group ROCE % Related Terms

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Emeren Group (Emeren Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Emeren Group Ltd (NYSE:SOL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SOL:Mexico VQKB:Germany VQKB:Germany

Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

Executives

Capital Management Shah

director, 10 percent owner

8601 SIX FORKS ROAD, SUITE 630, RALEIGH NC 27615