Marine Products (NYSE:MPX) Will Want To Turn Around Its Return Trends [Yahoo! Finance]
Marine Products Corporation (MPX)
Last marine products corporation earnings: 4/29 06:45 am
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marineproductscorp.com/profile
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at Marine Products NYSE:MPX ), they do have a high ROCE, but we weren't exactly elated from how returns are trending. 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. Analysts use this formula to calculate it for Marine Products: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.23 = US$40m ÷ (US$204m - US$32m) (Based on the trailing twelve months to March 2024) So, Marine Products has an ROCE of 23%. In absolute terms t
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News
- Estimating The Intrinsic Value Of Marine Products Corporation (NYSE:MPX) [Yahoo! Finance]Yahoo! Finance
- Marine Products Corporation (NYSE:MPX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Marine Products First Quarter 2024 Earnings: EPS: US$0.13 (vs US$0.34 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend [Yahoo! Finance]Yahoo! Finance
- Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special DividendPR Newswire
MPX
Earnings
- 1/25/24 - Miss
MPX
Sec Filings
- 5/24/24 - Form SD
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- MPX's page on the SEC website