Investors Will Want Danaos' (NYSE:DAC) Growth In ROCE To Persist [Yahoo! Finance]
Danaos Corporation (DAC)
Last danaos corporation earnings: 2/10 05:00 pm
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US:NYSE Investor Relations:
danaos.com/investors/overview/default.aspx
Company Research
Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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. So when we looked at Danaos NYSE:DAC ) and its trend of ROCE, we really liked what we saw. 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. The formula for this calculation on Danaos is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$551m ÷ (US$4.0b - US$148m) (Based on the trailing twelve months to June 2024) Thus, Danaos has an ROCE of 14%. In absolute terms, that's a satisfactory return, but compared to the Shipping industry average of 9.2% it's much better. View our latest analysis for Danaos Above you can see
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News
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DAC
Earnings
- 11/12/24 - Miss
DAC
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 6-K
- DAC's page on the SEC website