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Stock impact report

Array Technologies (NASDAQ:ARRY) Will Want To Turn Around Its Return Trends [Yahoo! Finance]

Array Technologies, Inc. (ARRY) 
Last array technologies, inc. earnings: 5/7 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think Array Technologies NASDAQ:ARRY ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Array Technologies, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$156m ÷ (US$1.6b - US$458m) (Based on the trailing twelve months to Se Show less Read more
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