Array Technologies (NASDAQ:ARRY) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]
Array Technologies, Inc. (ARRY)
Last array technologies, inc. earnings: 5/7 08:00 am
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US:NASDAQ Investor Relations:
investor.arraybiopharma.com/investor-overview
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Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at Array Technologies NASDAQ:ARRY ) so let's look a bit deeper. 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. The formula for this calculation on Array Technologies is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.16 = US$217m ÷ (US$1.7b - US$336m) (Based on the trailing twelve months to December 2023) Therefore, Array Technologies has an ROCE of 16%. That's a relatively normal return on capital, and it's around the
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ARRY
News
- Array CEO Kevin Hostetler Testifies Before Congress on the Solar Manufacturing Boom from the Inflation Reduction Act [Yahoo! Finance]Yahoo! Finance
- Array CEO Kevin Hostetler Testifies Before Congress on the Solar Manufacturing Boom from the Inflation Reduction ActGlobeNewswire
- Origis Energy and Tri-State Announce Commercial Operation of Escalante Solar [Yahoo! Finance]Yahoo! Finance
- Array Technologies Announces Departure of Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Array Technologies Announces Departure of Chief Financial OfficerGlobeNewswire
ARRY
Earnings
- 5/9/24 - Beat
ARRY
Sec Filings
- 6/11/24 - Form 4
- 6/10/24 - Form 8-K
- 5/31/24 - Form SD
- ARRY's page on the SEC website