There's Been No Shortage Of Growth Recently For Allegro MicroSystems' (NASDAQ:ALGM) Returns On Capital [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Allegro MicroSystems' NASDAQ:ALGM ) returns on capital, so let's have a look. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Allegro MicroSystems, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.16 = US$237m ÷ (US$1.6b - US$120m) (Based on the trailing twelve months to December 2023) Thus, Allegro MicroSystems has an ROCE of 16%. In absolute terms, that's a satisfactory return, but compared to the Semiconductor
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ALGM
News
- Allegro MicroSystems Stock: I Am Still Cautious [Seeking Alpha]Seeking Alpha
- Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2024 Financial ResultsGlobeNewswire
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Evercore ISI. They set an "outperform" rating and a $36.00 price target on the stock.MarketBeat
- Is It Worth Investing in Allegro MicroSystems (ALGM) Based on Wall Street's Bullish Views? [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems Appoints Jennie Raubacher to its Board of DirectorsGlobeNewswire
ALGM
Earnings
- 2/1/24 - Beat
ALGM
Sec Filings
- 4/25/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 3
- ALGM's page on the SEC website