Hurco Companies' (NASDAQ:HURC) Returns On Capital Tell Us There Is Reason To Feel Uneasy [Yahoo! Finance]
Hurco Companies, Inc. (HURC)
US:NASDAQ Investor Relations:
hurco.com/en-us/about-hurco/investors
Company Research
Source: Yahoo! Finance
Businesses in decline often have two underlying trends, firstly, a declining return on capital employed (ROCE) and a declining base 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 glancing at the trends within Hurco Companies NASDAQ:HURC ), we weren't too hopeful. Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Hurco Companies: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.026 = US$6.2m ÷ (US$291m - US$55m) (Based on the trailing twelve months to October 2023) So, Hurco Companies has an ROCE of 2.6%. In absolute terms, that's a low return and it also under-performs the Machinery industry average of 12%. Check out our
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HURC
News
- Investors in Hurco Companies (NASDAQ:HURC) have unfortunately lost 47% over the last five years [Yahoo! Finance]Yahoo! Finance
- Hurco Hammered As Short-Cycle Manufacturing Trends Remain Weak [Seeking Alpha]Seeking Alpha
- Hurco Companies (NASDAQ:HURC) Is Paying Out A Dividend Of $0.16 [Yahoo! Finance]Yahoo! Finance
- Hurco Companies, Inc. Announces Quarterly Cash DividendGlobeNewswire
- Favourable Signals For Hurco Companies: Numerous Insiders Acquired Stock [Yahoo! Finance]Yahoo! Finance
HURC
Analyst Actions
- 3/11/24 - TheStreet
HURC
Sec Filings
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- HURC's page on the SEC website