Investors Could Be Concerned With Insteel Industries' (NYSE:IIIN) Returns On Capital [Yahoo! Finance]
Insteel Industries, Inc. (IIIN)
US:NASDAQ Investor Relations:
investor.insteel.com
Company Research
Source: Yahoo! Finance
capital employed (ROCE) and alongside that, an expanding base 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 Insteel Industries NYSE:IIIN ), it didn't seem to tick all of these boxes. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Insteel Industries is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.067 = US$24m ÷ (US$391m - US$33m) (Based on the trailing twelve months to December 2023) Thus, Insteel Industries has an ROCE of 6.7%. In absolute terms, that's a low return and it also under-performs the Building industry average of 16%. See our latest analysis for Insteel
Show less
Read more
Impact Snapshot
Event Time:
IIIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IIIN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IIIN alerts
High impacting Insteel Industries, Inc. news events
Weekly update
A roundup of the hottest topics
IIIN
News
- Insteel Industries Reports Second Quarter 2024 ResultsBusiness Wire
- Insteel Q2 2024 Earnings Preview [Seeking Alpha]Seeking Alpha
- Insteel Industries (NYSE:IIIN) shareholders have earned a 16% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Insteel Industries Announces Second Quarter 2024 Conference CallBusiness Wire
- What Is Insteel Industries, Inc.'s (NYSE:IIIN) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
IIIN
Earnings
- 4/25/24 - Beat
IIIN
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 3/4/24 - Form 4
- IIIN's page on the SEC website