First Solar (XSWX:FSLR) ROCE % : 17.27% (As of Dec. 2023)

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What is First Solar 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. First Solar's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.27%.

First Solar ROCE % Historical Data

The historical data trend for First Solar'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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First Solar ROCE % Chart

First Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.49

4.84

9.20

0.30

10.75

First Solar 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															-0.19	1.99	9.80	14.44	17.27

First Solar ROCE % Calculation

First Solar'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 )
	=	782	/	( ( (7686.844 - 967.046)	+	(8963.766 - 1129.565) )	/ 2 )
	=	782	/	( (6719.798	+	7834.201)	/ 2 )
	=	782	/	7276.9995
	=	10.75 %

First Solar'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 )
	=	1327.464	/	( ( (8620.547 - 1078.715)	+	(8963.766 - 1129.565) )	/ 2 )
	=	1327.464	/	( ( 7541.832	+	7834.201 )	/ 2 )
	=	1327.464	/	7688.0165
	=	17.27 %

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

First Solar (XSWX:FSLR) 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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First Solar (XSWX:FSLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (XSWX:FSLR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FSLR:USA FSLR:Mexico 1FSLR:Italy F3A:Germany FSLR34:Brazil FSLR:Argentina

Address

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281

Website

https://www.firstsolar.com

First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.