Be Wary Of Shyft Group (NASDAQ:SHYF) And Its Returns On Capital [Yahoo! Finance]
The Shyft Group, Inc. (SHYF)
Company Research
Source: Yahoo! Finance
capital employed (ROCE) that are increasing, in conjunction with a growing 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. Having said that, from a first glance at Shyft Group NASDAQ:SHYF ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Shyft Group, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.019 = US$6.8m ÷ (US$530m - US$183m) (Based on the trailing twelve months to December 2023) Therefore, Shyft Group has an ROCE of 1.9%. In absolute terms, that's a low return and it also under-performs the M
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SHYF
News
- The Shyft Group Reports First Quarter 2024 ResultsPR Newswire
- The Shyft Group Announces First Quarter 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- The Shyft Group Announces First Quarter 2024 Financial Results Conference CallPR Newswire
- The Shyft Group, Inc. (NASDAQ:SHYF) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ? [Yahoo! Finance]Yahoo! Finance
- The Shyft Group (SHYF) Surges 5.4%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
SHYF
Earnings
- 4/25/24 - Beat
SHYF
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/11/24 - Form 4
- SHYF's page on the SEC website