Why You Should Care About Genie Energy's (NYSE:GNE) Strong Returns On Capital [Yahoo! Finance]
Genie Energy Ltd. Class B Stock (GNE)
Last genie energy ltd. class b stock earnings: 11/8 07:30 am
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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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Ergo, when we looked at the ROCE trends at Genie Energy NYSE:GNE ), we 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 Genie Energy is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.29 = US$62m ÷ (US$316m - US$106m) (Based on the trailing twelve months to September 2023) So, Genie Energy has an ROCE of 29%. That's a fantastic return and not only that, it outpaces the average of 4.6% earned by companies in a similar industry. See our latest a
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News
- Genie Energy to Report First Quarter 2024 ResultsGlobeNewswire
- Sunlight Energy Investments Acquires an Additional Solar Project [Yahoo! Finance]Yahoo! Finance
- Sunlight Energy Investments Acquires an Additional Solar ProjectGlobeNewswire
- Investors in Genie Energy (NYSE:GNE) have seen splendid returns of 160% over the past three years [Yahoo! Finance]Yahoo! Finance
- Genie Energy Ltd. (NYSE:GNE) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GNE
Sec Filings
- 4/9/24 - Form 4
- 4/1/24 - Form DEF
- 3/13/24 - Form 8-K
- GNE's page on the SEC website