Is Ardmore Shipping Corporation's (NYSE:ASC) Stock's Recent Performance Being Led By Its Attractive Financial Prospects? [Yahoo! Finance]
Ardmore Shipping Corporation (ASC)
Last ardmore shipping corporation earnings: 2/11 08:30 am
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US:NYSE Investor Relations:
ardmoreshipping.com
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Source: Yahoo! Finance
Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Ardmore Shipping's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. See our latest analysis for Ardmore Shipping How Is ROE Calculated? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Ardmore Shipping is: 20% = US$117m ÷ US$574m (Based on the trailing twelve months to December 2023). The 'return' is the profit over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.20. Why Is ROE Important For Earnings Growth? Thus far, we have
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News
- Is Ardmore Shipping (ASC) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Is Ardmore Shipping (ASC) Outperforming Other Transportation Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Ardmore Shipping Co. (NYSE: ASC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ardmore Shipping (ASC) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Ardmore Shipping (ASC) Is a Great Choice for 'Trend' Investors, Here's Why [Yahoo! Finance]Yahoo! Finance
ASC
Earnings
- 2/15/24 - Beat
ASC
Sec Filings
- 5/3/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/2/24 - Form 144
- ASC's page on the SEC website