We Like These Underlying Return On Capital Trends At Core & Main (NYSE:CNM) [Yahoo! Finance]
Core & Main, Inc. Class A (CNM)
Company Research
Source: Yahoo! Finance
return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Core & Main's NYSE:CNM ) returns on capital, so let's have a look. What Is Return On Capital Employed (ROCE)? 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 Core & Main is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$710m ÷ (US$6.1b - US$1.0b) (Based on the trailing twelve months to July 2024) Therefore, Core & Main has an ROCE of 14%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Trade Distributors industry average of 12%. In the above chart we h
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News
- Core & Main (CNM) Stock Moves -0.38%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Core & Main to Announce Fiscal 2024 Third Quarter Results [Yahoo! Finance]Yahoo! Finance
- Core & Main to Announce Fiscal 2024 Third Quarter ResultsBusiness Wire
- 3 Reasons Core & Main Should Be High on Your Watchlist [Yahoo! Finance]Yahoo! Finance
- Is There An Opportunity With Core & Main, Inc.'s (NYSE:CNM) 32% Undervaluation? [Yahoo! Finance]Yahoo! Finance
CNM
Earnings
- 9/4/24 - Miss
CNM
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- CNM's page on the SEC website