Karooooo's (NASDAQ:KARO) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
Karooooo Ltd. - Ordinary shares (KARO)
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Karooooo NASDAQ:KARO ), they do have a high ROCE, but we weren't exactly elated from how returns are trending. 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. The formula for this calculation on Karooooo is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.31 = R978m ÷ (R4.1b - R980m) (Based on the trailing twelve months to November 2023) So, Karooooo has an ROCE of 31%. In absolute terms that's a great return and it's even better than the Software industry a
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KARO
News
- Karooooo Ltd. (NASDAQ: KARO) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $31.00 price target on the stock.MarketBeat
- An Intrinsic Calculation For Karooooo Ltd. (NASDAQ:KARO) Suggests It's 32% Undervalued [Yahoo! Finance]Yahoo! Finance
- With 75% ownership, Karooooo Ltd. (NASDAQ:KARO) insiders have a lot at stake [Yahoo! Finance]Yahoo! Finance
- Is Karooooo Ltd. (NASDAQ:KARO) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Karooooo Share Repurchase [Yahoo! Finance]Yahoo! Finance
KARO
Earnings
- 1/22/24 - Beat
KARO
Sec Filings
- 2/14/24 - Form SC
- 2/9/24 - Form 6-K
- KARO's page on the SEC website