CoreCard (NYSE:CCRD) Is Reinvesting At Lower Rates Of Return [Yahoo! Finance]
CoreCard Corporation (CCRD)
Company Research
Source: Yahoo! Finance
return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think CoreCard NYSE:CCRD ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. 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 CoreCard, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.046 = US$2.5m ÷ (US$62m - US$8.0m) (Based on the trailing twelve months to June 2024) Thus, CoreCard has an ROCE of 4.6%. Ultimately, that's a low return and it under-performs
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CCRD
News
- Investors in CoreCard (NYSE:CCRD) have unfortunately lost 69% over the last five years [Yahoo! Finance]Yahoo! Finance
- CoreCard Corp (NYSE:CCRD) A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Can CoreCard (CCRD) Run Higher on Rising Earnings Estimates? [Yahoo! Finance]Yahoo! Finance
- MatrixSpace Awarded $1.9M AFWERX TACFI Contract for Distributed Dual-Mode Mesh Radar for Base Defense [Yahoo! Finance]Yahoo! Finance
- Earnings Beat: CoreCard Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
CCRD
Earnings
- 8/1/24 - Beat
CCRD
Sec Filings
- 8/1/24 - Form 8-K
- 8/1/24 - Form 10-Q
- 7/8/24 - Form SC
- CCRD's page on the SEC website