Touchstar (LSE:TST) ROCE % : 21.00% (As of Dec. 2023)

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What is Touchstar 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. Touchstar's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.00%.

Touchstar ROCE % Historical Data

The historical data trend for Touchstar'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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Touchstar ROCE % Chart

Touchstar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.14

1.46

7.63

13.72

20.01

Touchstar Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.09	7.36	20.28	18.26	21.00

Touchstar ROCE % Calculation

Touchstar'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 )
	=	0.684	/	( ( (7.947 - 4.655)	+	(6.823 - 3.278) )	/ 2 )
	=	0.684	/	( (3.292	+	3.545)	/ 2 )
	=	0.684	/	3.4185
	=	20.01 %

Touchstar'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 )
	=	0.744	/	( ( (6.38 - 2.838)	+	(6.823 - 3.278) )	/ 2 )
	=	0.744	/	( ( 3.542	+	3.545 )	/ 2 )
	=	0.744	/	3.5435
	=	21.00 %

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

Touchstar (LSE:TST) 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.

Touchstar ROCE % Related Terms

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Touchstar (LSE:TST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Touchstar PLC (LSE:TST) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

7 Commerce Way, Trafford Park, Manchester, GBR, M17 1HW

Website

https://www.touchstarplc.com

Touchstar PLC and its subsidiaries design and build mobile computing devices and develop software solutions used in field-based delivery, logistics, and service applications. Its software solutions are categorized into the Contact center, Workforce management, Analytics, Infrastructure, and SMB solutions. The company reports a single segment namely the Supply and maintenance of real-time electronic data systems segment. Geographically, it derives a majority of its revenue from the United Kingdom.

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