Investors Could Be Concerned With Canterbury Park Holding's (NASDAQ:CPHC) Returns On Capital [Yahoo! Finance]
Canterbury Park Holding Corporation (CPHC)
US:NASDAQ Investor Relations:
canterburypark.com/investor-relations
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Canterbury Park Holding NASDAQ:CPHC ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Canterbury Park Holding, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.065 = US$5.9m ÷ (US$101m - US$10m) (Based on the trailing twelve months to September 2023) So, Canterbury Park Holding has an ROCE of 6.5%. Ultimately, that's a low return and it under-per
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News
- We Ran A Stock Scan For Earnings Growth And Canterbury Park Holding (NASDAQ:CPHC) Passed With Ease [Yahoo! Finance]Yahoo! Finance
- Be Sure To Check Out Canterbury Park Holding Corporation (NASDAQ:CPHC) Before It Goes Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Canterbury Park Holding Full Year 2023 Earnings: EPS: US$2.15 (vs US$1.55 in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Canterbury Park Holding Corporation Announces Quarterly Cash DividendGlobeNewswire
- Canterbury Park Holding Corporation Reports 2023 Fourth Quarter Results [Yahoo! Finance]Yahoo! Finance
CPHC
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CPHC's page on the SEC website