Be Wary Of Farmmi (NASDAQ:FAMI) And Its Returns On Capital [Yahoo! Finance]
Farmmi, INC. - Ordinary Shares (FAMI)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/farmmi-inc-announces-pricing-of-initial-public-offering-300600088.html
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after briefly looking over the numbers, we don't think Farmmi NASDAQ:FAMI ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. What Is Return On Capital Employed (ROCE)? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Farmmi: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.012 = US$2.0m ÷ (US$175m - US$11m) (Based on the trailing twelve months to September 2023) So, Farmmi has an ROCE of 1.2%. In absolute terms, that's a low return
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Sec Filings
- 6/28/24 - Form EFFECT
- 6/20/24 - Form F-3
- 4/26/24 - Form 6-K
- FAMI's page on the SEC website