The Returns On Capital At EuroDry (NASDAQ:EDRY) Don't Inspire Confidence [Yahoo! Finance]
EuroDry Ltd. - Common Shares (EDRY)
Last eurodry ltd. - common shares earnings: 2/12 04:05 pm
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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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at EuroDry NASDAQ:EDRY ) and its ROCE trend, we weren't exactly thrilled. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on EuroDry is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.0053 = US$1.1m ÷ (US$231m - US$25m) (Based on the trailing twelve months to December 2023) So, EuroDry has an ROCE of 0.5%. Ultimately, that's a low return and it under-performs the Shipping industry average of 8
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News
- EuroDry (EDRY) is on the Move, Here's Why the Trend Could be Sustainable [Yahoo! Finance]Yahoo! Finance
- Are Transportation Stocks Lagging EuroDry (EDRY) This Year? [Yahoo! Finance]Yahoo! Finance
- Recent Price Trend in EuroDry (EDRY) is Your Friend, Here's Why [Yahoo! Finance]Yahoo! Finance
- EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2023GlobeNewswire
EDRY
Earnings
- 2/15/24 - Beat
EDRY
Sec Filings
- 4/24/24 - Form 20-F
- 2/16/24 - Form 6-K
- EDRY's page on the SEC website