Star Asia Investment (TSE:3468) ROCE % : 3.46% (As of Jan. 2023)

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What is Star Asia Investment 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 Asia Investment's annualized ROCE % for the quarter that ended in Jan. 2023 was 3.46%.

Star Asia Investment ROCE % Historical Data

The historical data trend for Star Asia Investment'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 Asia Investment ROCE % Chart

Star Asia Investment Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

ROCE %

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4.29

4.68

14.60

3.53

Star Asia Investment Semi-Annual Data
	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
ROCE %	Get a 7-Day Free Trial								3.56	3.49	3.31	3.46	4.19

Star Asia Investment ROCE % Calculation

Star Asia Investment's annualized ROCE % for the fiscal year that ended in Jul. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	5759.188	/	( ( (179170.815 - 27688.794)	+	(193488.543 - 18853.703) )	/ 2 )
	=	5759.188	/	( (151482.021	+	174634.84)	/ 2 )
	=	5759.188	/	163058.4305
	=	3.53 %

Star Asia Investment's ROCE % of for the quarter that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2023 )		(Q: Jul. 2022 )		(Q: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2023 )		(Q: Jul. 2022 )		(Q: Jan. 2023 )
	=	6317.902	/	( ( (193488.543 - 18853.703)	+	(208766.606 - 18255.474) )	/ 2 )
	=	6317.902	/	( ( 174634.84	+	190511.132 )	/ 2 )
	=	6317.902	/	182572.986
	=	3.46 %

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

Star Asia Investment (TSE:3468) 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 Asia Investment ROCE % Related Terms

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Star Asia Investment (TSE:3468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Star Asia Investment Corp (TSE:3468) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1, Atago, 18th Floor, Atago Green Hills MORI Tower, Minato-ku, Tokyo, JPN, 105-0002

Website

http://www.starasia-reit.com

Star Asia Investment Corp is a real estate investment trust (REIT). The company mainly invests in real estate properties such as business offices, logistics facilities, residential buildings and hotels. It aims to achieve internal and external growth in asset and maximize investors' profit from mid-term to long-term perspectives.

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