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Stock impact report

FONAR (NASDAQ:FONR) Is Reinvesting At Lower Rates Of Return [Yahoo! Finance]

Fonar Corporation (FONR) 
US:NASDAQ Investor Relations: fonar.com/investor.htm
Company Research Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing 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. In light of that, when we looked at FONAR NASDAQ:FONR ) and its ROCE trend, we weren't exactly thrilled. 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. Analysts use this formula to calculate it for FONAR: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.093 = US$17m ÷ (US$202m - US$14m) (Based on the trailing twelve months to September 2023) Therefore, FONAR has an ROCE of 9.3%. Even though it's in line with the industry average of 9.3%, it's still a low return by Show less Read more
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