Returns On Capital Are A Standout For Teekay Tankers (NYSE:TNK) [Yahoo! Finance]
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
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Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. So when we looked at the ROCE trend of Teekay Tankers NYSE:TNK ) we really liked what we saw. Return On Capital Employed (ROCE): What Is It? 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 Teekay Tankers, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.30 = US$527m ÷ (US$1.9b - US$139m) (Based on the trailing twelve months to December 2023) Therefore, Teekay Tankers has an ROCE of 30%. That's a fantastic return and not only that, it outpaces the average of 15% earned by companies in a
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News
- Are Investors Undervaluing Teekay Tankers (TNK) Right Now? [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers: Low Tanker Fleet Growth Points To Years Of High Profits [Seeking Alpha]Seeking Alpha
- Teekay Tankers (NYSE:TNK) shareholders have earned a 50% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers Ltd. (NYSE: TNK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- TNK or KEX: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
TNK
Earnings
- 2/22/24 - Miss
TNK
Sec Filings
- 4/19/24 - Form 6-K
- 3/15/24 - Form 20-F
- 3/5/24 - Form 144
- TNK's page on the SEC website