Straker (ASX:STG) ROCE % : -4.00% (As of Sep. 2023)

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What is Straker 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. Straker's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.00%.

Straker ROCE % Historical Data

The historical data trend for Straker'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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Straker ROCE % Chart

Straker Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-10.92

-9.43

-16.28

-13.19

-5.34

Straker Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial					-24.82	-1.29	10.26	-21.48	-4.00

Straker ROCE % Calculation

Straker'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 )
	=	-2.156	/	( ( (58.157 - 16.291)	+	(52.741 - 13.858) )	/ 2 )
	=	-2.156	/	( (41.866	+	38.883)	/ 2 )
	=	-2.156	/	40.3745
	=	-5.34 %

Straker'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 )
	=	-1.49	/	( ( (52.741 - 13.858)	+	(49.587 - 13.946) )	/ 2 )
	=	-1.49	/	( ( 38.883	+	35.641 )	/ 2 )
	=	-1.49	/	37.262
	=	-4.00 %

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

Straker (ASX:STG) 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.

Straker ROCE % Related Terms

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Straker (ASX:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Straker Ltd (ASX:STG) » Definitions » ROCE %

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N/A

Address

49 Parkway Drive, Level 2, Rosedale, Auckland, NZL, 0632

Website

https://www.strakertranslations.com

Straker Ltd formerly Straker Translations Ltd is engaged in the provision of language services and language technology via subscriptions to its customers. The company's geographical segments are Asia Pacific (APAC), Europe, Middle East and Africa (EMEA), and North America (NAM).