Star Energy Group (LSE:STAR) ROCE % : -3.30% (As of Jun. 2024)

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What is Star Energy Group 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 Energy Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.30%.

Star Energy Group ROCE % Historical Data

The historical data trend for Star Energy Group'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 Energy Group ROCE % Chart

Star Energy Group Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-27.13

-23.42

-5.58

-10.47

5.58

Star Energy Group Semi-Annual Data
	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															9.53	-30.41	9.67	1.38	-3.30

Star Energy Group ROCE % Calculation

Star Energy Group'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 )
	=	7.104	/	( ( (148.987 - 19.167)	+	(145.289 - 20.529) )	/ 2 )
	=	7.104	/	( (129.82	+	124.76)	/ 2 )
	=	7.104	/	127.29
	=	5.58 %

Star Energy Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-4.08	/	( ( (145.289 - 20.529)	+	(139.78 - 17.585) )	/ 2 )
	=	-4.08	/	( ( 124.76	+	122.195 )	/ 2 )
	=	-4.08	/	123.4775
	=	-3.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Star Energy Group (LSE:STAR) 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 Energy Group ROCE % Related Terms

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Star Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Star Energy Group PLC (LSE:STAR) » Definitions » ROCE %

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IGESF:USA K1P3:Germany

Address

Barfield Lane off Wragby Road, Sudbrooke, Lincoln, GBR, LN2 2QX

Website

https://www.starenergygroupplc.com

Star Energy Group PLC is an onshore energy business. Its main focus has been on oil and gas extraction. The company is engaged in exploring, appraising, developing, and producing oil and gas properties, and developing geothermal projects. Its business segments include Oil and Gas, which generates the majority of the revenue, and the Geothermal segment. The company has two geographical areas of operation, the United Kingdom and Croatia. All revenues are derived in the United Kingdom.

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