Star Africa (XZIM:SACL.ZW) ROCE % : 93.18% (As of Mar. 2024)

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What is Star Africa 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 Africa's annualized ROCE % for the quarter that ended in Mar. 2024 was 93.18%.

Star Africa ROCE % Historical Data

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

Star Africa Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.84

9.74

40.27

-22.11

25.33

Star Africa Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	12.71	-23.05	-14.14	93.18

Star Africa ROCE % Calculation

Star Africa's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	420.23	/	( ( (2341.032 - 915.234)	+	(2773.458 - 881.237) )	/ 2 )
	=	420.23	/	( (1425.798	+	1892.221)	/ 2 )
	=	420.23	/	1659.0095
	=	25.33 %

Star Africa's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	951.956	/	( ( (310.285 - 159.307)	+	(2773.458 - 881.237) )	/ 2 )
	=	951.956	/	( ( 150.978	+	1892.221 )	/ 2 )
	=	951.956	/	1021.5995
	=	93.18 %

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

Star Africa (XZIM:SACL.ZW) 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 Africa ROCE % Related Terms

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Star Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Star Africa Corp Ltd (XZIM:SACL.ZW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Douglas Road, P. O. Box 396, Southerton, Workington, Harare, ZWE

Website

https://www.starafricacorporation.com

Star Africa Corp Ltd is a Zimbabwe-based sugar manufacturer. The company operates its business activities in two reportable operating segments including the Food segment and the Property segment. The Food segment is a manufacturer of sugar products such as purified sugar for household and industrial consumption and sugar specialties comprising icing sugar, castor sugar, syrups, and caramel. The property segment manages offices, manufacturing, and residential premises. Star Africa derives the majority of its revenue from its Food segment.

Star Africa Headlines

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