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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. Star Equity Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.84%.
The historical data trend for Star Equity 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.
Star Equity Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -5.26 | -8.35 | -18.38 | -8.24 | -7.72 |
Star Equity Holdings 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 | 6.59 | 5.54 | -14.30 | -9.91 | -4.84 |
Star Equity Holdings'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 ) | |||||
= | -4.346 | / | ( ( (73.302 - 27.545) | + | (75.496 - 8.734) ) | / 2 ) | |
= | -4.346 | / | ( (45.757 | + | 66.762) | / 2 ) | |
= | -4.346 | / | 56.2595 | ||||
= | -7.72 % |
Star Equity Holdings'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 ) | |||||
= | -3.204 | / | ( ( (72.262 - 6.761) | + | (75.496 - 8.734) ) | / 2 ) | |
= | -3.204 | / | ( ( 65.501 | + | 66.762 ) | / 2 ) | |
= | -3.204 | / | 66.1315 | ||||
= | -4.84 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Star Equity Holdings (NAS:STRR) 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.
Thank you for viewing the detailed overview of Star Equity Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thatcher Butcher | officer: President - KBS | C/O STAR EQUITY HOLDINGS, INC., 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Coleman Richard Kenneth Jr. | officer: Chief Operating Officer | 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870 |
Ronald A. Schumacher | officer: Exec Chairman - EdgeBuilder | C/O STAR EQUITY HOLDINGS, INC., 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Jeffrey E. Eberwein | director | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Mitchell I Quain | director | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
John W Gildea | director | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Hannah M. Bible | officer: Chief Legal Officer | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Michael A. Cunnion | director | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
David James Noble | officer: Chief Operating Officer | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Matthew G. Molchan | officer: President and CEO | 1048 INDUSTRIAL COURT, SUWANEE GA 30024 |
Cannell Capital Llc | 10 percent owner | 245 MERIWETHER CIRCLE, ALTA WY 83414 |
John M Climaco | director | PO BOX 326, PARK CITY UT 84060 |
Virgil Lott | officer: President, Diagnostic Imaging | 1048 INDUSTRIAL COURT, SUWANEE GA 30024 |
Michael Debeauvernet | officer: General Manager,Mobile Imaging | C/O DIGIRAD CORPORATION, 1048 INDUSTRIAL COURT, SUWANEE GA 30024 |
Jeffry R. Keyes | officer: Chief Financial Officer | 13950 STOWE DRIVE, POWAY CA 92064-8803 |
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