TC Energy (TSE:TRP) Hasn't Managed To Accelerate Its Returns [Yahoo! Finance]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
transcanada.com/en/investors
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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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Although, when we looked at TC Energy TSE:TRP ), it didn't seem to tick all of these boxes. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for TC Energy, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.06 = CA$6.8b ÷ (CA$125b - CA$12b) (Based on the trailing twelve months to December 2023) Thus, TC Energy has an ROCE of 6.0%. Ultimately, that's a low return and it under-performs t
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TRP
News
- TC Energy (TRP) Expected to Beat Earnings Estimates: Can the Stock Move Higher? [Yahoo! Finance]Yahoo! Finance
- These 2 Oils-Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar [Yahoo! Finance]Yahoo! Finance
- Will TC Energy (TRP) Beat Estimates Again in Its Next Earnings Report? [Yahoo! Finance]Yahoo! Finance
- TC Energy provides results of Series 7 Shares conversion elections [Yahoo! Finance]Yahoo! Finance
- TC Energy provides results of Series 7 Shares conversion elections [Financial Post (Toronto, Ontario, Canada)]Financial Post
TRP
Earnings
- 2/16/24 - Beat
TRP
Sec Filings
- 4/23/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- TRP's page on the SEC website