Optical Cable (NASDAQ:OCC) Is Finding It Tricky To Allocate Its Capital [Yahoo! Finance]
Optical Cable Corporation (OCC)
US:NASDAQ Investor Relations:
occfiber.com/investor-relations
Company Research
Source: Yahoo! Finance
More often than not, we'll see a declining return on capital employed (ROCE) and a declining amount of capital employed. Basically the company is earning less on its investments and it is also reducing its total assets. On that note, looking into Optical Cable NASDAQ:OCC ), we weren't too upbeat about how things were going. Return On Capital Employed (ROCE): What Is It? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Optical Cable, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.028 = US$993k ÷ (US$44m - US$7.8m) (Based on the trailing twelve months to October 2023) Thus, Optical Cable has an ROCE of 2.8%. Ultimately, that's a low return and it under-performs the Communications industry average of 8.3%. See our latest analysis for Optical Cable While the past is not rep
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OCC
News
- Optical Cable Co. (NASDAQ: OCC) was downgraded by analysts at TheStreet from a "c" rating to a "d+" rating.MarketBeat
- Optical Cable First Quarter 2024 Earnings: US$0.18 loss per share (vs US$0.10 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- OPTICAL CABLE CORPORATION REPORTS FIRST QUARTER OF FISCAL YEAR 2024 FINANCIAL RESULTSPR Newswire
- Do Its Financials Have Any Role To Play In Driving Optical Cable Corporation's (NASDAQ:OCC) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FIRST QUARTER OF FISCAL YEAR 2024 RESULTS [Yahoo! Finance]Yahoo! Finance
OCC
Analyst Actions
- 3/15/24 - TheStreet
OCC
Sec Filings
- 4/30/24 - Form 8-K
- 3/27/24 - Form 8-K
- 3/14/24 - Form 8-K
- OCC's page on the SEC website