Returns On Capital At Onto Innovation (NYSE:ONTO) Paint A Concerning Picture [Yahoo! Finance]
Onto Innovation Inc. (ONTO)
Last onto innovation inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating Onto Innovation NYSE:ONTO ), we don't think it's current trends fit the mold of a multi-bagger. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Onto Innovation, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.066 = US$116m ÷ (US$1.9b - US$148m) (Based on the trailing twelve months to December 2023) Thus, Onto Innovation has an ROCE of 6.6%. Ultimately, that's a low return and it under-performs the Semiconductor industry average of 10.0%. Ch
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News
- Onto Innovation: The Rally Has Started To Wobble Even Though It Remains Intact [Seeking Alpha]Seeking Alpha
- Onto Innovation (ONTO) Adds New Capability to Dragonfly System [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Debuts Sub-surface Defect Inspection for Advanced Packaging [Yahoo! Finance]Yahoo! Finance
- Onto Innovation Debuts Sub-surface Defect Inspection for Advanced PackagingBusiness Wire
- Onto Innovation Inc. (NYSE: ONTO) is now covered by analysts at Evercore ISI. They set an "outperform" rating and a $235.00 price target on the stock.MarketBeat
ONTO
Earnings
- 2/8/24 - Beat
ONTO
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- ONTO's page on the SEC website