Investors Could Be Concerned With Coda Octopus Group's (NASDAQ:CODA) Returns On Capital [Yahoo! Finance]
Coda Octopus Group, Inc. - Common stock (CODA)
US:NASDAQ Investor Relations:
codaoctopusgroup.com
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at Coda Octopus Group NASDAQ:CODA ) and its ROCE trend, we weren't exactly thrilled. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Coda Octopus Group: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.056 = US$3.0m ÷ (US$56m - US$3.0m) (Based on the trailing twelve months to July 2024) Therefore, Coda Octopus Group has an ROCE of 5.6%. In absolute terms, that's a low return and it also under-performs the Electronic industry average of 10.0%. View o
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News
- Coda Octopus Group, Inc.'s (NASDAQ:CODA) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock? [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group, Inc. (CODA) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Coda Octopus Group Reports Fiscal Third Quarter 2024 Financial ResultsGlobeNewswire
- Coda Octopus Group (NASDAQ:CODA) investors are sitting on a loss of 26% if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group Sets Fiscal Third Quarter 2024 Earnings Conference Call for Monday, September 16, 2024, at 10 a.m. Eastern TimeGlobeNewswire
CODA
Sec Filings
- 9/26/24 - Form SC
- 9/16/24 - Form 10-Q
- 9/9/24 - Form 8-K
- CODA's page on the SEC website