Energy Recovery's (NASDAQ:ERII) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
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Energy Recovery, Inc. (ERII)
Last energy recovery, inc. earnings: 4/30 04:02 pm
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US:NASDAQ Investor Relations:
ir.energyrecovery.com
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Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Energy Recovery NASDAQ:ERII ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper 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 Energy Recovery is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.071 = US$16m ÷ (US$244m - US$17m) (Based on the trailing twelve months to March 2024) Therefore, Energy Recovery has an ROCE of 7.1%. Ultimately, that's a
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ERII
News
- With 88% ownership of the shares, Energy Recovery, Inc. (NASDAQ:ERII) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Energy Recovery Announces Appointments of CO2 Refrigeration Leader and Chief Human Resources Officer [Yahoo! Finance]Yahoo! Finance
- Energy Recovery Announces Appointments of CO2 Refrigeration Leader and Chief Human Resources OfficerBusiness Wire
- Calculating The Intrinsic Value Of Energy Recovery, Inc. (NASDAQ:ERII) [Yahoo! Finance]Yahoo! Finance
- Organic Rankine Cycle Global Strategic Industry Report 2024: Market to Reach $1.3 Billion by 2030 - Clean Energy Generation Bonanza Portends Radical Gains [Yahoo! Finance]Yahoo! Finance
ERII
Earnings
- 5/1/24 - Beat
ERII
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 144
- 6/10/24 - Form 4
- ERII's page on the SEC website