Returns On Capital Are Showing Encouraging Signs At Danaos (NYSE:DAC) [Yahoo! Finance]
Danaos Corporation (DAC)
Last danaos corporation earnings: 2/10 05:00 pm
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US:NYSE Investor Relations:
danaos.com/investors/overview/default.aspx
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Source: Yahoo! Finance
on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, Danaos NYSE:DAC ) looks quite promising in regards to its trends of return on capital. Understanding 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. Analysts use this formula to calculate it for Danaos: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$578m ÷ (US$3.7b - US$168m) (Based on the trailing twelve months to December 2023) Thus, Danaos has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Shipping industry average of 8.2% it's much better. Check out our latest analysis for Danaos I
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News
- Danaos Corporation (NYSE:DAC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Danaos First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Danaos Co. (NYSE: DAC) had its price target raised by analysts at Jefferies Financial Group Inc. from $90.00 to $105.00. They now have a "buy" rating on the stock.MarketBeat
- Danaos Corporation Reports First Quarter Results for Period Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Danaos Corporation Reports First Quarter Results for Period Ended March 31, 2024Business Wire
DAC
Earnings
- 5/28/24 - Miss
DAC
Sec Filings
- 5/28/24 - Form 6-K
- 3/27/24 - Form 144
- DAC's page on the SEC website