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. Signs Contract for the Construction of Two Modern 63,500 DWT Ultramax Bulk Carriers [Yahoo! Finance]Yahoo! Finance
- EuroDry Ltd. Signs Contract for the Construction of Two Modern 63,500 DWT Ultramax Bulk CarriersGlobeNewswire
- EuroDry Ltd (EDRY) Q3 2024 Earnings Call Highlights: Navigating Revenue Growth Amidst Market ... [Yahoo! Finance]Yahoo! Finance
- EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
- EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024GlobeNewswire
EDRY
Earnings
- 11/19/24 - Miss
EDRY
Sec Filings
- 11/21/24 - Form 6-K
- 11/19/24 - Form 6-K
- EDRY's page on the SEC website