Core Laboratories (NYSE:CLB) Could Be At Risk Of Shrinking As A Company [Yahoo! Finance]
Core Laboratories Inc. (CLB)
Last core laboratories inc. earnings: 4/22 05:05 pm
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Source: Yahoo! Finance
return on capital employed (ROCE) and a declining amount of capital employed. This combination can tell you that not only is the company investing less, it's earning less on what it does invest. In light of that, from a first glance at Core Laboratories NYSE:CLB ), we've spotted some signs that it could be struggling, so let's investigate. 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. Analysts use this formula to calculate it for Core Laboratories: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.11 = US$55m ÷ (US$598m - US$98m) (Based on the trailing twelve months to June 2024) Thus, Core Laboratories has an ROCE of 11%. That's a pretty standard return and it's in line with the industry average of 11%. In the above chart we have measured Core
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CLB
News
- Calculating The Fair Value Of Core Laboratories Inc. (NYSE:CLB) [Yahoo! Finance]Yahoo! Finance
- Core Laboratories Inc. (NYSE: CLB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Core Laboratories Inc. (NYSE: CLB) had its price target lowered by analysts at Citigroup Inc. from $15.00 to $14.00. They now have a "sell" rating on the stock.MarketBeat
- Core Laboratories Inc. (NYSE: CLB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Core Laboratories Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
CLB
Earnings
- 10/23/24 - Beat
CLB
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- CLB's page on the SEC website