Is Weakness In Eltek Ltd. (NASDAQ:ELTK) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? [Yahoo! Finance]
Eltek Ltd. - Ordinary Shares (ELTK)
US:NASDAQ Investor Relations:
eleceltek.com/en/financial.php?tid=5
Company Research
Source: Yahoo! Finance
Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Eltek's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. Check out our latest analysis for Eltek How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Eltek is: 16% = US$6.0m ÷ US$38m (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.16. What Has ROE Got To Do With Earnings Growth? We have already established that ROE serves as an efficient profit-
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ELTK
News
- Eltek Appoints Tomer Segev as New Vice President of Marketing and SalesPR Newswire
- Eltek bags purchase orders worth $3.5M [Seeking Alpha]Seeking Alpha
- Eltek Receives Purchase Orders Totaling $3.5 Million [Yahoo! Finance]Yahoo! Finance
- Eltek Receives Purchase Orders Totaling $3.5 MillionPR Newswire
- ELTK: Eltek Potential Growth Opportunities Supports Price Target of $18.00 [Yahoo! Finance]Yahoo! Finance
ELTK
Earnings
- 8/15/24 - Miss
ELTK
Sec Filings
- 9/9/24 - Form 6-K
- 8/27/24 - Form 6-K
- 8/15/24 - Form 6-K
- ELTK's page on the SEC website