Stepchange Holdings (ASX:STH) ROCE %: 5.04% (As of Dec. 2025)


ASX:STH Stepchange Holdings Ltd ASX:STH
24 GF Score
Price A$0.13
! 1 Warning Sign
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What is Stepchange Holdings ROCE %?

Stepchange Holdings ASX:STH -1.92% 24 ROCE % is 5.04% as of Dec. 2025. GuruFocus rates ASX:STH with a GF Score™ of 24/100. The stock has 1 warning sign investors should review.

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. Stepchange Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was 5.04%.

Stepchange Holdings  (ASX:STH) 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.

Stepchange Holdings ROCE % Related Terms

Stepchange Holdings ROCE % Historical Data

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The historical data trend for Stepchange 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.

Stepchange Holdings ROCE % Chart

Stepchange Holdings Annual Data
Trend Jun22 Jun23
ROCE %
166.48 235.12

Stepchange Holdings Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Dec25
ROCE % Get a 7-Day Free Trial 0.00 200.72 227.15 32.30 5.04
ASX:STH
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Stepchange Holdings Ltd ASX:STH
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Stepchange Holdings ROCE % Calculation

Stepchange Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=4.178/( ( (5.341 - 3.736) + (6.847 - 4.898) )/ 2 )
=4.178/( (1.605+1.949)/ 2 )
=4.178/1.777
=235.12 %

Stepchange Holdings's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=1.09/( ( (31.116 - 10.357) + (32.92 - 10.385) )/ 2 )
=1.09/( ( 20.759 + 22.535 )/ 2 )
=1.09/21.647
=5.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 5.04% mean?
Stepchange Holdings (ASX:STH) has a ROCE % of 5.04% as of Dec. 2025.
Is Stepchange Holdings' ROCE % too high?
Stepchange Holdings' current ROCE % is 5.04%. The Software industry median ROCE % is 5.18. Stepchange Holdings' value of 5.04% is 2.6% below this industry median. Overall, Stepchange Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' ROCE % compare to CRM and SHOP?
Stepchange Holdings' ROCE % of 5.04% can be compared against companies in the Software industry. The industry median ROCE % is 5.18. Stepchange Holdings' value of 5.04% is 2.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Software company?
The median ROCE % among Software companies is 5.18, based on 2,710 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stepchange Holdings's current ROCE % of 5.04% is 2.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current ROCE % is 5.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current ROCE % of 5.04%. The current ROCE % is 5.04% and 2.6% below the Software industry median of 5.18. Stepchange Holdings' overall GF Score™ is 24/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Stepchange Holdings (ASX:STH), the current ROCE % is 5.04% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Stepchange Holdings Business Description

Address c/- MPH Lawyers, 580 Hay Street, Suite 183, Level 6, Perth, WA, AUS, 6000
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
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