Be Wary Of Cricut (NASDAQ:CRCT) And Its Returns On Capital [Yahoo! Finance]
Cricut, Inc. - Class A common stock (CRCT)
Company Research
Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after investigating Cricut NASDAQ:CRCT ), we don't think it's current trends fit the mold of a multi-bagger. 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. The formula for this calculation on Cricut is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$80m ÷ (US$750m - US$196m) (Based on the trailing twelve months to December 2023) So, Cricut has an ROCE of 14%. By itself that's a normal return on capital and it's in line with the industry's average returns of 14%. Check out our
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CRCT
News
- Cricut's newest cutting machine is the perfect size for casual crafters [USA TODAY]USA TODAY
- Is Cricut, Inc.'s (NASDAQ:CRCT) Stock Price Struggling As A Result Of Its Mixed Financials? [Yahoo! Finance]Yahoo! Finance
- Cricut to Announce First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- Cricut: Expect Poor FY2024 Performance To Drag Down Valuation [Seeking Alpha]Seeking Alpha
- Love DIY Crafts? My Favorite Cricut Cutting Machine Is 22% Off Right Now [CNET News]CNET News
CRCT
Earnings
- 3/5/24 - Miss
CRCT
Sec Filings
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- CRCT's page on the SEC website