Starward Industries (WAR:STA) ROCE % : -13.68% (As of Mar. 2024)

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What is Starward Industries 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. Starward Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.68%.

Starward Industries ROCE % Historical Data

The historical data trend for Starward Industries'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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Starward Industries ROCE % Chart

Starward Industries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-19.55

-24.75

-16.12

Starward Industries Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-17.89	-15.75	-7.19	-17.10	-13.68

Starward Industries ROCE % Calculation

Starward Industries's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.776	/	( ( (8.265 - 0.516)	+	(14.854 - 0.563) )	/ 2 )
	=	-1.776	/	( (7.749	+	14.291)	/ 2 )
	=	-1.776	/	11.02
	=	-16.12 %

Starward Industries's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.344	/	( ( (10.518 - 0.55)	+	(10.525 - 0.837) )	/ 2 )
	=	-1.344	/	( ( 9.968	+	9.688 )	/ 2 )
	=	-1.344	/	9.828
	=	-13.68 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Starward Industries (WAR:STA) 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.

Starward Industries ROCE % Related Terms

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Starward Industries (WAR:STA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Starward Industries SA (WAR:STA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4T6:Germany

Address

Przemyslowa 12, Krakow, POL, 30-701

Website

https://www.starwardindustries.com

Starward Industries SA is an independent game developer. It operates in game industry intended for personal computers and game consoles.

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