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-0.00737100737100743 -0.00737100737100743 -0.00737100737100743 -0.00737100737100743 0.00511056511056498 0.0171990171990173 0.0171990171990173 -0.0122850122850122
Stock impact report

There's Been No Shortage Of Growth Recently For Art's-Way Manufacturing's (NASDAQ:ARTW) Returns On Capital [Yahoo! Finance]

Art's-Way Manufacturing Co., Inc. (ARTW) 
US:NASDAQ Investor Relations: artsway-mfg.com/investor-relations
Company Research Source: Yahoo! Finance
Art's-Way Manufacturing NASDAQ:ARTW ) looks quite promising in regards to its trends of return on capital. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Art's-Way Manufacturing, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.083 = US$1.3m ÷ (US$26m - US$10m) (Based on the trailing twelve months to August 2023) Thus, Art's-Way Manufacturing has an ROCE of 8.3%. In absolute terms, that's a low return and it also under-performs the Machinery industry average of 12%. While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings, revenue and cash flow of Art' Show less Read more
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