The Returns At American Axle & Manufacturing Holdings (NYSE:AXL) Aren't Growing [Yahoo! Finance]
American Axle & Manufacturing Holdings, Inc. (AXL)
Last american axle & manufacturing holdings, inc. earnings: 2/14 08:00 am
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aam.com
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Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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. However, after briefly looking over the numbers, we don't think American Axle & Manufacturing Holdings NYSE:AXL ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Return On Capital Employed (ROCE): What Is It? 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 American Axle & Manufacturing Holdings is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.066 = US$265m ÷ (US$5.3b - US$1.3b) (Based on the trailing twelve months to September 2024) So, America
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AXL
Earnings
- 11/8/24 - Beat
AXL
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- AXL's page on the SEC website