Privia Health Group's (NASDAQ:PRVA) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
Privia Health Group, Inc. (PRVA)
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after investigating Privia Health Group NASDAQ:PRVA ), we don't think it's current trends fit the mold of a multi-bagger. 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. The formula for this calculation on Privia Health Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.036 = US$21m ÷ (US$992m - US$394m) (Based on the trailing twelve months to September 2023) So, Privia Health Group has an ROCE of 3.6%. In absolute terms, that's a low return and it also unde
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PRVA
News
- Privia Health Group, Inc. (NASDAQ: PRVA) is now covered by analysts at Citigroup Inc.. They set a "buy" rating and a $25.00 price target on the stock.MarketBeat
- Privia Health to Report First Quarter 2024 Results on Thursday, May 9 [Yahoo! Finance]Yahoo! Finance
- Privia Health to Report First Quarter 2024 Results on Thursday, May 9GlobeNewswire
- Global Corporate Wellness Market Poised for Substantial Growth, Expected to Surpass USD 177 Billion by 2034 [Yahoo! Finance]Yahoo! Finance
- Privia Health Group, Inc. (NASDAQ: PRVA) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $41.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
PRVA
Earnings
- 2/27/24 - Beat
PRVA
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form 4
- PRVA's page on the SEC website