Some Investors May Be Worried About Transcat's (NASDAQ:TRNS) Returns On Capital [Yahoo! Finance]
Transcat, Inc. (TRNS)
Last transcat, inc. earnings: 2/4 04:15 pm
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US:NASDAQ Investor Relations:
transcat.com/investor-relations
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Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think Transcat NASDAQ:TRNS ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. 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. To calculate this metric for Transcat, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.08 = US$20m ÷ (US$281m - US$29m) (Based on the trailing twelve months to December 2023) Therefore, Transcat has an ROCE of 8.0%. Ultimately, that's a low ret
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News
- Unveiling Transcat (TRNS) Q4 Outlook: Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Transcat, Inc. (TRNS) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Transcat Announces Fourth Quarter Fiscal Year 2024 Conference Call and WebcastBusiness Wire
- Investing in Transcat (NASDAQ:TRNS) five years ago would have delivered you a 364% gain [Yahoo! Finance]Yahoo! Finance
- Transcat, Inc. (NASDAQ: TRNS) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $125.00 price target on the stock, up previously from $120.00.MarketBeat
TRNS
Earnings
- 1/29/24 - Beat
TRNS
Sec Filings
- 4/15/24 - Form 8-K
- 4/10/24 - Form 8-K/A
- 4/9/24 - Form 8-K
- TRNS's page on the SEC website