Canadian Natural Resources (TSE:CNQ) Is Doing The Right Things To Multiply Its Share Price [Yahoo! Finance]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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US:NYSE Investor Relations:
cnrl.com/investor-information
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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. Speaking of which, we noticed some great changes in Canadian Natural Resources' TSE:CNQ ) returns on capital, so let's have a look. Return On Capital Employed (ROCE): What Is It? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Canadian Natural Resources: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.15 = CA$10b ÷ (CA$76b - CA$7.4b) (Based on the trailing twelve months to December 2023) Thus, Canadian Natural Resources has an ROCE of 15%. On its own, that's a standard retu
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Sec Filings
- 5/6/24 - Form 6-K
- 5/3/24 - Form 6-K
- 5/2/24 - Form 6-K
- CNQ's page on the SEC website