Solex Energy (NSE:SMSOLEX) ROCE % : 11.87% (As of Sep. 2023)

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What is Solex 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. Solex Energy's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.87%.

Solex Energy ROCE % Historical Data

The historical data trend for Solex 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.

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Solex Energy ROCE % Chart

Solex Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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38.19

28.84

10.71

4.16

12.20

Solex Energy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											5.97	2.86	2.30	19.32	11.87

Solex Energy ROCE % Calculation

Solex Energy's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	85.053	/	( ( (727.449 - 196.785)	+	(1407.812 - 544.524) )	/ 2 )
	=	85.053	/	( (530.664	+	863.288)	/ 2 )
	=	85.053	/	696.976
	=	12.20 %

Solex Energy'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	108.07	/	( ( (1407.812 - 544.524)	+	(1877.435 - 919.152) )	/ 2 )
	=	108.07	/	( ( 863.288	+	958.283 )	/ 2 )
	=	108.07	/	910.7855
	=	11.87 %

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

Solex Energy (NSE:SMSOLEX) 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.

Solex Energy ROCE % Related Terms

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Solex Energy (NSE:SMSOLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solex Energy Ltd (NSE:SMSOLEX) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Near Madhuvan Circle, L.P. Savani Road, 310-303, Trinity Business Park, Pal, Surat, GJ, IND, 395009

Website

https://www.solex.in

Solex Energy Ltd is engaged in providing renewable energy solutions, specializing in the manufacturing of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, and solar water, among others.

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