Star Royalties (TSXV:STRR) ROCE % : -4.38% (As of Dec. 2023)

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What is Star Royalties 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 Royalties's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.38%.

Star Royalties ROCE % Historical Data

The historical data trend for Star Royalties'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 Royalties ROCE % Chart

Star Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-17.83

-8.08

-11.70

-5.62

-4.22

Star Royalties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-3.89	-4.23	-4.80	-4.58	-4.38

Star Royalties ROCE % Calculation

Star Royalties'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 )
	=	-2.842	/	( ( (63.328 - 0.971)	+	(73.257 - 1.052) )	/ 2 )
	=	-2.842	/	( (62.357	+	72.205)	/ 2 )
	=	-2.842	/	67.281
	=	-4.22 %

Star Royalties'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 )
	=	-2.924	/	( ( (61.983 - 0.747)	+	(73.257 - 1.052) )	/ 2 )
	=	-2.924	/	( ( 61.236	+	72.205 )	/ 2 )
	=	-2.924	/	66.7205
	=	-4.38 %

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

Star Royalties (TSXV:STRR) 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 Royalties ROCE % Related Terms

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Star Royalties (TSXV:STRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Royalties Ltd (TSXV:STRR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STRFF:USA

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.starroyalties.com

Star Royalties Ltd is a precious metals and carbon credit royalty and streaming company. The company has developed its carbon credit royalties in forestry and regenerative agriculture. The group offers investors exposure to precious metals and carbon credits by originating high-quality royalties and streams. The company's assets comprise Elk Gold, Copperstone, Keysbrook, Baavhai Uul, and others. The Company organizes and manages the business under Star Royalties and Green Star joint venture. Geographically, the company operates in The United States, Canada, Australia and Mongolia.