Here's What Allegion's (NYSE:ALLE) Strong Returns On Capital Mean [Yahoo! Finance]
Allegion plc Ordinary Shares (ALLE)
Last allegion plc ordinary shares earnings: 4/23 05:50 am
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investor.allegion.com
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on 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. With that in mind, the ROCE of Allegion NYSE:ALLE ) looks attractive right now, so lets see what the trend of returns can tell us. 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. Analysts use this formula to calculate it for Allegion: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.20 = US$784m ÷ (US$5.0b - US$1.1b) (Based on the trailing twelve months to September 2024) Therefore, Allegion has an ROCE of 20%. That's a fantastic return
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News
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- Allegion Declares Quarterly DividendBusiness Wire
ALLE
Earnings
- 10/24/24 - Beat
ALLE
Sec Filings
- 12/13/24 - Form 3
- 12/5/24 - Form 8-K
- 12/4/24 - Form 4
- ALLE's page on the SEC website