The Returns On Capital At Pro-Dex (NASDAQ:PDEX) Don't Inspire Confidence [Yahoo! Finance]
Pro-Dex, Inc. (PDEX)
US:NASDAQ Investor Relations:
pro-dex.com/investor-relations
Company Research
Source: Yahoo! Finance
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. In light of that, when we looked at Pro-Dex NASDAQ:PDEX ) and its ROCE trend, we weren't exactly thrilled. 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 Pro-Dex, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.15 = US$6.3m ÷ (US$51m - US$10.0m) (Based on the trailing twelve months to December 2023) Thus, Pro-Dex has an ROCE of 15%. On its own, that's a standard return, however it's much better than the 9.7% generated by the Medical Equipment industry. See our lat
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News
- Pro-Dex, Inc. (NASDAQ: PDEX) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Pro-Dex, Inc. (NASDAQ: PDEX) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Pro-Dex, Inc. Announces Fiscal 2024 Second Quarter and Six-Month Results [Yahoo! Finance]Yahoo! Finance
- Pro-Dex, Inc. Announces Fiscal 2024 Second Quarter and Six-Month ResultsAccesswire
- Pro-Dex, Inc. (NASDAQ: PDEX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
PDEX
Sec Filings
- 2/8/24 - Form 8-K
- 2/8/24 - Form 10-Q
- 1/31/24 - Form 4
- PDEX's page on the SEC website