Step One Clothing (FRA:J6H) ROCE % : 37.35% (As of Dec. 2023)

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What is Step One Clothing 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. Step One Clothing's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.35%.

Step One Clothing ROCE % Historical Data

The historical data trend for Step One Clothing'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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Step One Clothing ROCE % Chart

Step One Clothing Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-0.10

20.32

Step One Clothing Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-8.83	8.83	28.47	12.95	37.35

Step One Clothing ROCE % Calculation

Step One Clothing'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 )
	=	6.88	/	( ( (42.043 - 9.694)	+	(40.961 - 5.588) )	/ 2 )
	=	6.88	/	( (32.349	+	35.373)	/ 2 )
	=	6.88	/	33.861
	=	20.32 %

Step One Clothing'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	12.96	/	( ( (40.961 - 5.588)	+	(41.693 - 7.674) )	/ 2 )
	=	12.96	/	( ( 35.373	+	34.019 )	/ 2 )
	=	12.96	/	34.696
	=	37.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Step One Clothing (FRA:J6H) 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.

Step One Clothing ROCE % Related Terms

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Step One Clothing (FRA:J6H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Step One Clothing Ltd (FRA:J6H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STPCF:USA STP:Australia

Address

120 Chalmers Street, Surry Hills, Level 2, Sydney, NSW, AUS, 2010

Website

https://www.stepone.life

Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. The Group is organized into one operating segment: online retail sales.

Step One Clothing (FRA:J6H) Headlines

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