Starbox Group Holdings (Starbox Group Holdings) ROCE % : 5.57% (As of Sep. 2023)

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What is Starbox Group 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. Starbox Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.57%.

Starbox Group Holdings ROCE % Historical Data

The historical data trend for Starbox Group 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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Starbox Group Holdings ROCE % Chart

Starbox Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

379.77

40.30

5.32

Starbox Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			310.98	182.89	47.03	12.83	5.57

Starbox Group Holdings ROCE % Calculation

Starbox Group Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	4.598	/	( ( (25.042 - 1.968)	+	(153.027 - 3.387) )	/ 2 )
	=	4.598	/	( (23.074	+	149.64)	/ 2 )
	=	4.598	/	86.357
	=	5.32 %

Starbox Group Holdings'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 )
	=	5.238	/	( ( (39.736 - 1.131)	+	(153.027 - 3.387) )	/ 2 )
	=	5.238	/	( ( 38.605	+	149.64 )	/ 2 )
	=	5.238	/	94.1225
	=	5.57 %

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

Starbox Group Holdings (NAS:STBX) 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.

Starbox Group Holdings ROCE % Related Terms

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Starbox Group Holdings (Starbox Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Starbox Group Holdings Ltd (NAS:STBX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.starboxholdings.com

Starbox Group Holdings Ltd engages in developing cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises. Through the firm's subsidiaries in Malaysia, it connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants, provide digital advertising services to advertisers, and provide payment solution services to merchants. Substantially all of our current operations are located in Malaysia. It operates in three segments: digital advertising services, cash rebate services, and payment solution services.