Ormat Technologies (NYSE:ORA) Could Be Struggling To Allocate Capital [Yahoo! Finance]
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at Ormat Technologies NYSE:ORA ) and its ROCE trend, we weren't exactly thrilled. 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. The formula for this calculation on Ormat Technologies is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.036 = US$169m ÷ (US$5.2b - US$537m) (Based on the trailing twelve months to December 2023) Thus, Ormat Technologies has an ROCE of 3.6%. In absolute terms, that's a low return and it also under-performs the Renewable Energy
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ORA
News
- Ormat Technologies, Inc. (NYSE: ORA) had its price target raised by analysts at UBS Group AG from $95.00 to $100.00. They now have a "buy" rating on the stock.MarketBeat
- Ormat Technologies, Inc. (NYSE: ORA) had its price target lowered by analysts at Barclays PLC from $75.00 to $73.00. They now have an "equal weight" rating on the stock.MarketBeat
- 15 Countries that Produce the Most Geothermal Energy in the World [Yahoo! Finance]Yahoo! Finance
- Ormat Technologies, Inc. (NYSE:ORA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ormat Technologies, Inc. (NYSE: ORA) had its price target raised by analysts at TD Cowen from $70.00 to $76.00. They now have a "hold" rating on the stock.MarketBeat
ORA
Earnings
- 5/8/24 - Miss
ORA
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/10/24 - Form 4
- ORA's page on the SEC website