Capital Allocation Trends At Coda Octopus Group (NASDAQ:CODA) Aren't Ideal [Yahoo! Finance]
Coda Octopus Group, Inc. - Common stock (CODA)
US:NASDAQ Investor Relations:
codaoctopusgroup.com
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Although, when we looked at Coda Octopus Group NASDAQ:CODA ), it didn't seem to tick all of these boxes. What Is Return On Capital Employed (ROCE)? 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 Coda Octopus Group, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.039 = US$1.9m ÷ (US$53m - US$2.8m) (Based on the trailing twelve months to January 2024) Therefore, Coda Octopus Group has an ROCE of 3.9%. Ultimately, that's a low return and it under-performs the Electronic industry average of
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CODA
News
- Investors Could Be Concerned With Coda Octopus Group's (NASDAQ:CODA) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group, Inc.'s (NASDAQ:CODA) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock? [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group, Inc. (CODA) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Coda Octopus Group Reports Fiscal Third Quarter 2024 Financial ResultsGlobeNewswire
- Coda Octopus Group (NASDAQ:CODA) investors are sitting on a loss of 26% if they invested five years ago [Yahoo! Finance]Yahoo! Finance
CODA
Sec Filings
- 9/26/24 - Form SC
- 9/16/24 - Form 10-Q
- 9/9/24 - Form 8-K
- CODA's page on the SEC website