We Like These Underlying Return On Capital Trends At Electrovaya (TSE:ELVA) [Yahoo! Finance]
Electrovaya Inc. (ELVA)
Company Research
Source: Yahoo! Finance
growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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. With that in mind, we've noticed some promising trends at Electrovaya TSE:ELVA ) so let's look a bit deeper. What Is Return On Capital Employed (ROCE)? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Electrovaya, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.19 = US$1.9m ÷ (US$35m - US$25m) (Based on the trailing twelve months to December 2023) So, Electrovaya has an ROCE of 19%. On its own, that's a standard return, however it's much better than the 14% generated by the Electrical industry. Check out
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ELVA
News
- Electrovaya Presenting at the Upcoming EXIM Bank Annual Conference [Yahoo! Finance]Yahoo! Finance
- Electrovaya Presenting at the Upcoming EXIM Bank Annual Conference Accesswire
- Electrovaya Announces date for Q2-2024 Financial Results & Conference Call [Yahoo! Finance]Yahoo! Finance
- Electrovaya Announces date for Q2-2024 Financial Results & Conference Call Accesswire
- Electrovaya signs supply deal with Sumitomo for its lithium-ion battery products Apr. 29, 2024 8:45 AM ET By: Jaskiran Singh , SA News Editor [Seeking Alpha]Seeking Alpha
ELVA
Sec Filings
- 5/6/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- ELVA's page on the SEC website