Star Equity Holdings (FRA:FDV) ROCE % : -4.80% (As of Dec. 2023)

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What is Star Equity 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. Star Equity Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.80%.

Star Equity Holdings ROCE % Historical Data

The historical data trend for Star Equity 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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Star Equity Holdings ROCE % Chart

Star Equity Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.31

-7.97

-19.11

-8.49

-7.63

Star Equity 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															6.36	5.50	-14.23	-9.98	-4.80

Star Equity Holdings ROCE % Calculation

Star Equity Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-3.985	/	( ( (69.197 - 26.002)	+	(69.23 - 8.009) )	/ 2 )
	=	-3.985	/	( (43.195	+	61.221)	/ 2 )
	=	-3.985	/	52.208
	=	-7.63 %

Star Equity 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 )
	=	-2.94	/	( ( (67.709 - 6.335)	+	(69.23 - 8.009) )	/ 2 )
	=	-2.94	/	( ( 61.374	+	61.221 )	/ 2 )
	=	-2.94	/	61.2975
	=	-4.80 %

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

Star Equity Holdings (FRA:FDV) 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.

Star Equity Holdings ROCE % Related Terms

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Star Equity Holdings (FRA:FDV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Star Equity Holdings Inc (FRA:FDV) » Definitions » ROCE %

Comparable Companies

TRIB PMD CNTG CHEK MYNZ SLDX PRPO DMTK XWEL PCHM TMO DHR IQV XSWX:LONN IDXX A MTD ICLR ILMN WAT

Traded in Other Exchanges

STRRP.PFD:USA STRR:USA

Address

53 Forest Avenue, Suite 101, Old Greenwich, CT, USA, 06870

Website

https://www.starequity.com

Star Equity Holdings Inc is a multi-industry diversified holding company with three segments; Healthcare segment provides products and services in the area of nuclear medicine imaging with a focus on cardiac health. It provides imaging services to healthcare providers using a fleet of solid-state gamma cameras and also the manufacturing, distribution, and maintenance of gamma cameras, The construction segment manufactures modular housing units for commercial and residential applications. It operates in two businesses: modular building manufacturing and structural wall panel and wood foundation manufacturing, including building supply retail operations, and The investments segment generates intercompany revenue from the lease of commercial properties and equipment.

Star Equity Holdings (FRA:FDV) Headlines

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