Nordic American Tankers' (NYSE:NAT) Returns On Capital Are Heading Higher [Yahoo! Finance]
Nordic American Tankers Limited (NAT)
Last nordic american tankers limited earnings: 2/18 06:51 am
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US:NYSE Investor Relations:
nat.bm/investor-relations
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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Speaking of which, we noticed some great changes in Nordic American Tankers' NYSE:NAT ) 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. Analysts use this formula to calculate it for Nordic American Tankers: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.19 = US$141m ÷ (US$836m - US$73m) (Based on the trailing twelve months to September 2023) So, Nordic American Tankers has an ROCE of
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NAT
News
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT sharesGlobeNewswire
- Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers [Seeking Alpha]Seeking Alpha
- Does Nordic American Tankers (NYSE:NAT) Deserve A Spot On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT sharesGlobeNewswire
NAT
Earnings
- 2/29/24 - Miss
NAT
Sec Filings
- 3/1/24 - Form 6-K
- 2/2/24 - Form SC
- NAT's page on the SEC website