The Return Trends At Ampco-Pittsburgh (NYSE:AP) Look Promising [Yahoo! Finance]
Ampco-Pittsburgh Corporation (AP)
Last ampco-pittsburgh corporation earnings: 11/7 08:20 am
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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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at Ampco-Pittsburgh NYSE:AP ) and its trend of ROCE, we really liked what we saw. 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. The formula for this calculation on Ampco-Pittsburgh is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.025 = US$11m ÷ (US$566m - US$117m) (Based on the trailing twelve months to December 2023) Therefore, Ampco-Pittsburgh has an ROCE of 2.5%. In absolute terms, that's a low return and it also under-performs the Metals and Min
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News
- Ampco-Pittsburgh Co. (NYSE: AP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ampco-Pittsburgh Schedules First Quarter 2024 Earnings Conference CallBusiness Wire
- Ampco-Pittsburgh Co. (NYSE: AP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ampco-Pittsburgh Co. (NYSE: AP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ampco-Pittsburgh Co. (NYSE: AP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
AP
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- 4/23/24 - Form ARS
- AP's page on the SEC website