Slowing Rates Of Return At Artesian Resources (NASDAQ:ARTN.A) Leave Little Room For Excitement [Yahoo! Finance]
Artesian Resources Corporation - Class A Non-Voting (ARTNA)
US:NASDAQ Investor Relations:
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Company Research
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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after investigating Artesian Resources NASDAQ:ARTN.A ), we don't think it's current trends fit the mold of a multi-bagger. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Artesian Resources: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.04 = US$30m ÷ (US$775m - US$22m) (Based on the trailing twelve months to March 2024) So, Artesian Resources has an ROCE of 4.0%. On its own that's a low return on capital but it's in line with
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News
- Artesian Resources Corporation's Annual Charitable Golf Tournament Raises Nearly $135,000 [Yahoo! Finance]Yahoo! Finance
- Artesian Resources Corporation’s Annual Charitable Golf Tournament Raises Nearly $135,000GlobeNewswire
- Artesian Resources' (NASDAQ:ARTN.A) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
- Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock DividendGlobeNewswire
- Artesian Resources Corporation Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
ARTNA
Earnings
- 11/6/23 - Beat
ARTNA
Sec Filings
- 6/21/24 - Form 11-K
- 6/17/24 - Form 8-K
- 5/22/24 - Form 8-K
- ARTNA's page on the SEC website