Starteck Finance (BOM:512381) ROCE % : 4.21% (As of Dec. 2024)

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What is Starteck Finance 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. Starteck Finance's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.21%.

Starteck Finance ROCE % Historical Data

The historical data trend for Starteck Finance'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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Starteck Finance ROCE % Chart

Starteck Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.16

9.55

3.12

10.85

7.66

Starteck Finance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															3.86	9.24	2.60	5.13	4.21

Starteck Finance ROCE % Calculation

Starteck Finance's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	216.946	/	( ( (3841.328 - 988.052)	+	(4418.57 - 1611.017) )	/ 2 )
	=	216.946	/	( (2853.276	+	2807.553)	/ 2 )
	=	216.946	/	2830.4145
	=	7.66 %

Starteck Finance's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	105.316	/	( ( (4858.932 - 2356.793)	+	(0 - 0) )	/ 1 )
	=	105.316	/	( ( 2502.139	+	0 )	/ 1 )
	=	105.316	/	2502.139
	=	4.21 %

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

Starteck Finance (BOM:512381) 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.

Starteck Finance ROCE % Related Terms

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Starteck Finance Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Starteck Finance Ltd (BOM:512381) » Definitions » ROCE %

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STARTECK:India

Address

37-40, Subhash Road, 5th Floor, Sunteck Centre, Vile Parle (East), Mumbai, MH, IND, 400057

Website

http://www.starteckfinance.com

Starteck Finance Ltd is an India-based Non-banking finance company. It is engaged in the business of financing industrial and other related enterprises. The company offers services such as loans to venture capital companies, industrial banks, and investment clubs. The company generates the majority of its revenue from the Interest Income.

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