There Are Reasons To Feel Uneasy About Global Industrial's (NYSE:GIC) Returns On Capital [Yahoo! Finance]
Global Industrial Company (GIC)
Company Research
Source: Yahoo! Finance
employed (ROCE) that is increasing, and secondly, an expanding base 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. Looking at Global Industrial NYSE:GIC ), it does have a high ROCE right now, but lets see how returns are trending. 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 Global Industrial is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.29 = US$98m ÷ (US$513m - US$174m) (Based on the trailing twelve months to December 2023) Thus, Global Industrial has an ROCE of 29%. That's a fantastic return and not only that, it outpaces the average of 13% earned by companies in a similar industry. Ch
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GIC
News
- Global Industrial Company (NYSE:GIC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bear of the Day: Ashtead Group (ASHTY) [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results Accesswire
- Global Industrial Company to Report First Quarter 2024 Results on April 30, 2024Accesswire
GIC
Earnings
- 4/30/24 - Miss
GIC
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form DEF
- GIC's page on the SEC website