Enbridge's (TSE:ENB) Returns On Capital Are Heading Higher [Yahoo! Finance]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at Enbridge TSE:ENB ) and its trend of ROCE, we really liked what we saw. Return On Capital Employed (ROCE): What Is It? 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. The formula for this calculation on Enbridge is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.057 = CA$9.2b ÷ (CA$180b - CA$17b) (Based on the trailing twelve months to December 2023) So, Enbridge has an ROCE of 5.7%. Ultimately, that's a low return and it under-performs the Oil and Gas industry average of 9.0%. See our latest analysis for
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ENB
Earnings
- 2/9/24 - Beat
ENB
Sec Filings
- 4/5/24 - Form 8-K
- 4/4/24 - Form 424B5
- 4/2/24 - Form FWP
- ENB's page on the SEC website