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
- Is CoreCard (CCRD) Outperforming Other Business Services Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- CoreCard Corporation (CCRD) Soars to 52-Week High, Time to Cash Out? [Yahoo! Finance]Yahoo! Finance
- What Makes CoreCard (CCRD) a New Strong Buy Stock [Yahoo! Finance]Yahoo! Finance
- CoreCard Corporation's (NYSE:CCRD) Sole Analyst Just Made A Captivating Upgrade To Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Here're Some Updates on CoreCard Corporation (CCRD) [Yahoo! Finance]Yahoo! Finance
CCRD
Earnings
- 10/31/24 - Beat
CCRD
Sec Filings
- 11/21/24 - Form 4
- 11/8/24 - Form 4
- 11/5/24 - Form 4
- CCRD's page on the SEC website