Startia Holdings (TSE:3393) ROCE % : 18.36% (As of Dec. 2023)

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What is Startia 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. Startia Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.36%.

Startia Holdings ROCE % Historical Data

The historical data trend for Startia 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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Startia Holdings ROCE % Chart

Startia Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.09

12.34

1.20

24.33

32.20

Startia 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															33.68	26.94	38.05	38.41	18.36

Startia Holdings ROCE % Calculation

Startia Holdings'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 )
	=	1949.956	/	( ( (11378.673 - 6226.469)	+	(12912.879 - 5953.795) )	/ 2 )
	=	1949.956	/	( (5152.204	+	6959.084)	/ 2 )
	=	1949.956	/	6055.644
	=	32.20 %

Startia 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 )
	=	1272.44	/	( ( (12386.271 - 5349.651)	+	(11457.011 - 4636.19) )	/ 2 )
	=	1272.44	/	( ( 7036.62	+	6820.821 )	/ 2 )
	=	1272.44	/	6928.7205
	=	18.36 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Startia Holdings (TSE:3393) 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.

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Startia Holdings (TSE:3393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Startia Holdings Inc (TSE:3393) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19th Floor, Shinjuku Monolith Building, 2-3-1 Nishi-Shinjuku, Tokyo, JPN, 163-0919

Website

http://www.startia.co.jp

Startia Holdings Inc is engaged in the provision of information technology services in Japan. It operates through the following business divisions: the web solution-related division, the network solution-related divisions, and the business solution-related divisions.

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