Return Trends At Genco Shipping & Trading (NYSE:GNK) Aren't Appealing [Yahoo! Finance]
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
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gencoshipping.com
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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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Although, when we looked at Genco Shipping & Trading NYSE:GNK ), it didn't seem to tick all of these boxes. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Genco Shipping & Trading: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.032 = US$36m ÷ (US$1.1b - US$35m) (Based on the trailing twelve months to December 2023) Thus, Genco Shipping & Trading has an ROCE of 3.2%. In absolute terms, that's a low return and it also under-performs the Shipping
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News
- Genco Shipping & Trading's (NYSE:GNK) investors will be pleased with their solid 197% return over the last five years [Yahoo! Finance]Yahoo! Finance
- Canadian Pacific Kansas City (CP) Q1 Earnings Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Limited Mails Letter to Shareholders [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Limited Mails Letter to ShareholdersGlobeNewswire
- Genco Shipping & Trading Limited (NYSE: GNK) had its price target raised by analysts at Stifel Nicolaus from $22.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
GNK
Earnings
- 2/21/24 - Beat
GNK
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/22/24 - Form DEFA14A
- 4/18/24 - Form DEFA14A
- GNK's page on the SEC website