Flotek Industries (NYSE:FTK) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]
Flotek Industries, Inc. (FTK)
Last flotek industries, inc. earnings: 8/7 08:54 pm
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US:NYSE Investor Relations:
flotekind.com/index.php/investor-relations
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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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Flotek Industries NYSE:FTK ) looks quite promising in regards to its trends of return on capital. Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Flotek Industries, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.081 = US$9.4m ÷ (US$161m - US$45m) (Based on the trailing twelve months to September 2024) Thus, Flotek Industries has an ROCE of 8.1%. On its own that's a low return on cap
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FTK
Earnings
- 11/4/24 - Beat
FTK
Sec Filings
- 12/20/24 - Form 4
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- FTK's page on the SEC website