Returns On Capital Signal Difficult Times Ahead For Hooker Furnishings (NASDAQ:HOFT) [Yahoo! Finance]
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
Company Research
Source: Yahoo! Finance
employed (ROCE) declining and this usually coincides with a decreasing amount of capital employed. This indicates to us that the business is not only shrinking the size of its net assets, but its returns are falling as well. So after we looked into Hooker Furnishings NASDAQ:HOFT ), the trends above didn't look too great. Understanding Return On Capital Employed (ROCE) 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 Hooker Furnishings: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.04 = US$12m ÷ (US$344m - US$41m) (Based on the trailing twelve months to January 2024) So, Hooker Furnishings has an ROCE of 4.0%. In absolute terms, that's a low return and it also under-performs the Consumer Durables industry average of 14%. Check out our latest analysis for Hooker Furnis
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HOFT
News
- Hooker Furnishings Co. (NASDAQ: HOFT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Hooker Furnishings Reports Improved Profitability in 2024 Fiscal Year [Yahoo! Finance]Yahoo! Finance
- Hooker Furnishings Reports Improved Profitability in 2024 Fiscal YearGlobeNewswire
- Hooker Furnishings Co. (NASDAQ: HOFT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- New CEOs at V Starr and DLN, Caroline Hipple joins Hooker Furnishings, and more [Yahoo! Finance]Yahoo! Finance
HOFT
Earnings
- 4/11/24 - Miss
HOFT
Sec Filings
- 5/3/24 - Form ARS
- 5/3/24 - Form DEF
- 4/15/24 - Form 8-K
- HOFT's page on the SEC website