EuroDry (NASDAQ:EDRY) May Have Issues Allocating Its Capital [Yahoo! Finance]
EuroDry Ltd. - Common Shares (EDRY)
Last eurodry ltd. - common shares earnings: 2/12 04:05 pm
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Source: Yahoo! Finance
return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating EuroDry NASDAQ:EDRY ), we don't think it's current trends fit the mold of a multi-bagger. What Is 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 EuroDry: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.025 = US$5.0m ÷ (US$220m - US$19m) (Based on the trailing twelve months to June 2024) Thus, EuroDry has an ROCE of 2.5%. In absolute terms, that's a low return and it also under-performs the Shipping industry average of 9.2%. In the above chart we have measured EuroDry's prior ROCE against
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News
- EuroDry Ltd. (EDRY) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- EuroDry (EDRY) Reports Q2 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2024 [Yahoo! Finance]Yahoo! Finance
- EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2024GlobeNewswire
- EuroDry Ltd. Sets Date for the Release of Second Quarter 2024 Results, Conference Call and WebcastGlobeNewswire
EDRY
Earnings
- 8/8/24 - Miss
EDRY
Sec Filings
- 8/8/24 - Form 6-K
- 7/17/24 - Form 6-K
- 6/21/24 - Form 6-K
- EDRY's page on the SEC website