Returns On Capital Are Showing Encouraging Signs At Ardmore Shipping (NYSE:ASC) [Yahoo! Finance]
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Ardmore Shipping Corporation (ASC)
Last ardmore shipping corporation earnings: 2/11 08:30 am
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ardmoreshipping.com
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Source: Yahoo! Finance
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. So on that note, Ardmore Shipping NYSE:ASC ) looks quite promising in regards to its trends of return on capital. Return On Capital Employed (ROCE): What Is It? 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. To calculate this metric for Ardmore Shipping, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.19 = US$123m ÷ (US$704m - US$74m) (Based on the trailing twelve months to March 2024) Thus, Ardmore Shipping has an ROCE of 19%. In absolute terms, that's a satisfactory return, but compared to the Oil and Gas industry average of 13% it's much better. View our lates
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News
- Ardmore Shipping (ASC) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Ardmore Shipping (ASC) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Investing in Ardmore Shipping (NYSE:ASC) three years ago would have delivered you a 507% gain [Yahoo! Finance]Yahoo! Finance
- Ardmore Shipping: The Dividend Policy Doesn't Deserve A Premium Valuation, Sell (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Ardmore Shipping Co. (NYSE: ASC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
ASC
Earnings
- 5/8/24 - Beat
ASC
Analyst Actions
- 4/19/24 - Stifel
ASC
Sec Filings
- 6/18/24 - Form 6-K
- 5/20/24 - Form 144
- 5/8/24 - Form 144
- ASC's page on the SEC website