Why We Like The Returns At James Hardie Industries (ASX:JHX) [Yahoo! Finance]
James Hardie Industries plc American Depositary Shares (Ireland) (JHX)
US:NYSE Investor Relations:
ir.jameshardie.com.au/jh/home.jsp
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in James Hardie Industries' ASX:JHX ) returns on capital, so let's have a look. 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. To calculate this metric for James Hardie Industries, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.22 = US$894m ÷ (US$4.8b - US$749m) (Based on the trailing twelve months to December 2023) So, James Hardie Industries has an ROCE of 22%. I
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News
- HCMLY or JHX: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- James Hardie Industries: Mixed Housing Outlook And A Lack Of Margin Of Safety [Seeking Alpha]Seeking Alpha
- James Hardie Extends Invitations to Pro Football Legends to Compete in Unique New PGA TOUR Champions Event [Yahoo! Finance]Yahoo! Finance
- James Hardie Extends Invitations to Pro Football Legends to Compete in Unique New PGA TOUR Champions EventPR Newswire
- James Hardie Industries plc (NYSE: JHX) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
JHX
Sec Filings
- 5/3/24 - Form 6-K
- 4/12/24 - Form 6-K
- 4/8/24 - Form 6-K
- JHX's page on the SEC website