Stadio Holdings (JSE:SDO) ROCE % : 15.28% (As of Dec. 2023)

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What is Stadio 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. Stadio Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.28%.

Stadio Holdings ROCE % Historical Data

The historical data trend for Stadio 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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Stadio Holdings ROCE % Chart

Stadio Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.10

-3.13

11.74

14.44

16.83

Stadio Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												9.24	16.55	12.39	18.03	15.28

Stadio Holdings ROCE % Calculation

Stadio 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 )
	=	340.706	/	( ( (2281.165 - 226.012)	+	(2315.988 - 321.591) )	/ 2 )
	=	340.706	/	( (2055.153	+	1994.397)	/ 2 )
	=	340.706	/	2024.775
	=	16.83 %

Stadio 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: 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 )
	=	310.084	/	( ( (2436.54 - 372.432)	+	(2315.988 - 321.591) )	/ 2 )
	=	310.084	/	( ( 2064.108	+	1994.397 )	/ 2 )
	=	310.084	/	2029.2525
	=	15.28 %

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

Stadio Holdings (JSE:SDO) 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.

Stadio Holdings ROCE % Related Terms

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Stadio Holdings (JSE:SDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Stadio Holdings Ltd (JSE:SDO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner of Oxford and Queen Streets, Office 101, The Village Square, Durbanville, Cape town, WC, ZAF, 7550

Website

https://www.stadio.co.za

Stadio Holdings Ltd is an investment holding company. It is focused on the acquisition of an investment in, growth, and development of higher education institutions. Some of the institutions are Embury Institute for Higher Education, LISOF Fashion Design School and Retail Education Institute, Milpark Education, and others. The company generates a majority of its revenue in the form of Registration and tuition fees.

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