Returns At Granite Construction (NYSE:GVA) Appear To Be Weighed Down [Yahoo! Finance]
Granite Construction Incorporated (GVA)
Last granite construction incorporated earnings: 10/25 06:55 am
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US:NYSE Investor Relations:
investor.graniteconstruction.com
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Source: Yahoo! Finance
growing return on capital employed (ROCE) and secondly, an expansion in the company's 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. In light of that, when we looked at Granite Construction NYSE:GVA ) 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. The formula for this calculation on Granite Construction is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.032 = US$56m ÷ (US$2.8b - US$1.0b) (Based on the trailing twelve months to December 2023) Therefore, Granite Construction has an ROCE of 3.2%. In absolute terms, that's a low return and it also under-performs the Construction industry average of 12%.
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GVA
News
- Granite to Help Construct Major Enhancements to I-405/Brickyard to SR 527 Corridor Project in Bothell, WABusiness Wire
- Granite Construction's Road To Wealth Isn't At The End Of The Line Yet [Seeking Alpha]Seeking Alpha
- Granite VP Joins NAPA Advisory CouncilBusiness Wire
- Granite Construction Incorporated (NYSE: GVA) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $44.00 to $50.00. They now have a "sell" rating on the stock.MarketBeat
- Granite Announces Timing of Earnings Release and Investor Conference CallBusiness Wire
GVA
Earnings
- 2/22/24 - Miss
GVA
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- GVA's page on the SEC website