Slowing Rates Of Return At New Jersey Resources (NYSE:NJR) Leave Little Room For Excitement [Yahoo! Finance]
NewJersey Resources Corporation (NJR)
Last newjersey resources corporation earnings: 2/6 07:00 am
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investor.njresources.com
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Source: Yahoo! Finance
employed (ROCE) that is increasing, and secondly, an expanding base 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. Although, when we looked at New Jersey Resources NYSE:NJR ), it didn't seem to tick all of these boxes. 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. To calculate this metric for New Jersey Resources, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.071 = US$407m ÷ (US$6.5b - US$807m) (Based on the trailing twelve months to September 2023) Thus, New Jersey Resources has an ROCE of 7.1%. On its own, that's a low figure but it's around the 6.5% average generated by the Gas Utilities industry. See our latest analys
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News
- New Jersey Resources Celebrates Earth Day With Pledge to Support Coastal Resilience and Healthy Ecosystems Through Monmouth University's Urban Coast Institute [Yahoo! Finance]Yahoo! Finance
- New Jersey Resources Celebrates Earth Day With Pledge to Support Coastal Resilience and Healthy Ecosystems Through Monmouth University’s Urban Coast InstituteBusiness Wire
- Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR) [Yahoo! Finance]Yahoo! Finance
- New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel [Yahoo! Finance]Yahoo! Finance
- New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable DieselBusiness Wire
NJR
Earnings
- 2/6/24 - Miss
NJR
Sec Filings
- 3/13/24 - Form 4
- 2/13/24 - Form SC
- 2/6/24 - Form 10-Q
- NJR's page on the SEC website