Returns On Capital At Astronics (NASDAQ:ATRO) Paint A Concerning Picture [Yahoo! Finance]
Astronics Corporation (ATRO)
Last astronics corporation earnings: 2/26 06:30 am
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US:NASDAQ Investor Relations:
investors.astronics.com
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Source: Yahoo! Finance
When we see a declining return on capital employed (ROCE) in conjunction with a declining base of capital employed, that's often how a mature business shows signs of aging. This indicates the company is producing less profit from its investments and its total assets are decreasing. On that note, looking into Astronics NASDAQ:ATRO ), we weren't too upbeat about how things were going. 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. To calculate this metric for Astronics, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.045 = US$23m ÷ (US$652m - US$150m) (Based on the trailing twelve months to September 2024) So, Astronics has an ROCE of 4.5%. In absolute terms, that's a low return and it also under-performs the Aerospace & Defense industry average of 9.6%. View our latest analysis for Astronics
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ATRO
News
- Implied Volatility Surging for Astronics (ATRO) Stock Options [Yahoo! Finance]Yahoo! Finance
- Astronics Corp (ATRO) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Aerospace ... [Yahoo! Finance]Yahoo! Finance
- Astronics's (NASDAQ:ATRO) Q3 Sales Top Estimates But Stock Drops 12.6% [Yahoo! Finance]Yahoo! Finance
- Astronics Non-GAAP EPS of $0.35 beats by $0.11, revenue of $203.69M beats by $5.08M [Seeking Alpha]Seeking Alpha
- Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter [Yahoo! Finance]Yahoo! Finance
ATRO
Earnings
- 11/6/24 - Beat
ATRO
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- ATRO's page on the SEC website