Canterbury Park Holding (NASDAQ:CPHC) May Have Issues Allocating Its Capital [Yahoo! Finance]
Canterbury Park Holding Corporation (CPHC)
US:NASDAQ Investor Relations:
canterburypark.com/investor-relations
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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. However, after investigating Canterbury Park Holding NASDAQ:CPHC ), we don't think it's current trends fit the mold of a multi-bagger. Return On Capital Employed (ROCE): What Is It? 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 Canterbury Park Holding: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.056 = US$5.4m ÷ (US$111m - US$15m) (Based on the trailing twelve months to June 2024) Thus, Canterbury Park Holding has an ROCE of 5.6%. Ultimately,
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News
- Investors Met With Slowing Returns on Capital At Canterbury Park Holding (NASDAQ:CPHC) [Yahoo! Finance]Yahoo! Finance
- Canterbury Park Holding (NASDAQ:CPHC) Is Paying Out A Dividend Of $0.07 [Yahoo! Finance]Yahoo! Finance
- Canterbury Park Holding Corporation Announces Quarterly Cash DividendGlobeNewswire
- Canterbury Park Holding's (NASDAQ:CPHC) investors will be pleased with their favorable 74% return over the last five years [Yahoo! Finance]Yahoo! Finance