The Return Trends At Array Technologies (NASDAQ:ARRY) Look Promising [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
return on capital employed (ROCE) and then alongside that, an ever-increasing base 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. Speaking of which, we noticed some great changes in Array Technologies' NASDAQ:ARRY ) returns on capital, so let's have a look. Understanding Return On Capital Employed (ROCE) 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 Array Technologies, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.091 = US$119m ÷ (US$1.7b - US$338m) (Based on the trailing twelve months to June 2024) Thus, Array Technologies has an ROCE of 9.1%. Ultimately, that's a low return and it under-performs the Electrical indus
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ARRY
News
- ARRAY Announces $3 Million Investment in Swap Robotics to Drive Automation in PV Installation [Yahoo! Finance]Yahoo! Finance
- ARRAY Announces $3 Million Investment in Swap Robotics to Drive Automation in PV InstallationGlobeNewswire
- ARRAY Technologies Appoints Two Industry Veterans to Lead EMEA [Yahoo! Finance]Yahoo! Finance
- ARRAY Technologies Appoints Two Industry Veterans to Lead EMEAGlobeNewswire
- Array Technologies Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
ARRY
Earnings
- 11/7/24 - Beat
ARRY
Sec Filings
- 11/19/24 - Form 4
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- ARRY's page on the SEC website