Returns On Capital At Miller Industries (NYSE:MLR) Have Stalled [Yahoo! Finance]
Miller Industries, Inc. (MLR)
US:NYSE Investor Relations:
millerind.com/investor-relations
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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So, when we ran our eye over Miller Industries' NYSE:MLR ) trend of ROCE, we liked what we saw. Return On Capital Employed (ROCE): What Is It? 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 Miller Industries is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$69m ÷ (US$587m - US$189m) (Based on the trailing twelve months to September 2023) Thus, Miller Industries has an ROCE of 17%. On its own, that's a standard return, however it's much better than the 12% generated by the Machi
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News
- MILLER INDUSTRIES TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON WEDNESDAY MAY 8, 2024PR Newswire
- Miller Industries, Inc.'s (NYSE:MLR) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum? [Yahoo! Finance]Yahoo! Finance
- Is Miller Industries (MLR) a Cyclical Business? [Yahoo! Finance]Yahoo! Finance
- MILLER INDUSTRIES BOARD AUTHORIZES NEW SHARE REPURCHASE PROGRAM [Yahoo! Finance]Yahoo! Finance
- Miller Industries announces $25M share repurchase program [Seeking Alpha]Seeking Alpha
MLR
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/2/24 - Form 8-K
- MLR's page on the SEC website