Eltek (NASDAQ:ELTK) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]
Eltek Ltd. - Ordinary Shares (ELTK)
US:NASDAQ Investor Relations:
eleceltek.com/en/financial.php?tid=5
Company Research
Source: Yahoo! Finance
capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Eltek's NASDAQ:ELTK ) returns on capital, so let's have a look. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Eltek is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$7.4m ÷ (US$55m - US$12m) (Based on the trailing twelve months to March 2024) Thus, Eltek has an ROCE of 17%. On its own, that's a standard return, however it's much better than the 10% generated by the Electronic industry. See our latest analysis for Eltek Above you can see
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ELTK
News
- Is Weakness In Eltek Ltd. (NASDAQ:ELTK) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- 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
- 8/27/24 - Form 6-K
- 8/15/24 - Form 6-K
- 8/15/24 - Form 6-K
- ELTK's page on the SEC website