Strip Tinning Holdings (LSE:STG) ROCE % : -18.68% (As of Dec. 2023)

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What is Strip Tinning Holdings 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. Strip Tinning Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.68%.

Strip Tinning Holdings ROCE % Historical Data

The historical data trend for Strip Tinning 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.

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Strip Tinning Holdings ROCE % Chart

Strip Tinning Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.60

5.85

-11.72

-69.87

-16.92

Strip Tinning Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-35.41	-61.17	-54.23	-15.32	-18.68

Strip Tinning Holdings ROCE % Calculation

Strip Tinning 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 )
	=	-1.402	/	( ( (12.456 - 3.78)	+	(11.272 - 3.371) )	/ 2 )
	=	-1.402	/	( (8.676	+	7.901)	/ 2 )
	=	-1.402	/	8.2885
	=	-16.92 %

Strip Tinning 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.508	/	( ( (10.663 - 2.422)	+	(11.272 - 3.371) )	/ 2 )
	=	-1.508	/	( ( 8.241	+	7.901 )	/ 2 )
	=	-1.508	/	8.071
	=	-18.68 %

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

Strip Tinning Holdings (LSE: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.

Strip Tinning Holdings ROCE % Related Terms

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Strip Tinning Holdings (LSE:STG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strip Tinning Holdings PLC (LSE:STG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arden Road, Arden Business Park, Frankley, Birmingham, West Midlands, GBR, B45 0JA

Website

https://www.striptinning.com

Strip Tinning Holdings PLC manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing applications elsewhere within vehicles. The group consists of two business lines: Glazing and EV.