Here's What To Make Of Cerence's (NASDAQ:CRNC) Decelerating Rates Of Return [Yahoo! Finance]
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Cerence NASDAQ:CRNC ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Return On Capital Employed (ROCE): What Is It? 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. Analysts use this formula to calculate it for Cerence: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.037 = US$42m ÷ (US$1.3b - US$120m) (Based on the trailing twelve months to December 2023) So, Cerence has an ROCE of 3.7%. In absolute terms, that's a low return and it also under-performs t
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News
- Cerence to Announce Fiscal Second Quarter Results on May 9, 2024GlobeNewswire
- Foxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron's New Electric Vehicles in Taiwan [Yahoo! Finance]Yahoo! Finance
- Foxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron’s New Electric Vehicles in TaiwanGlobeNewswire
- Advanced Biometrics Industry Analysis Report 2024: Evolution Timeline, Emerging Trends, Patents Landscape, Sector Impacts, Real-world Innovations [Yahoo! Finance]Yahoo! Finance
- CERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCPR Newswire
CRNC
Earnings
- 2/6/24 - Beat
CRNC
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 144
- 4/15/24 - Form 8-K
- CRNC's page on the SEC website