Returns On Capital Are Showing Encouraging Signs At Flotek Industries (NYSE:FTK) [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
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at Flotek Industries NYSE:FTK ) so let's look a bit deeper. Return On Capital Employed (ROCE): What Is It? 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. 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) 0.0058 = US$642k ÷ (US$156m - US$45m) (Based on the trailing twelve months to March 2024) Therefore, Flotek Industries has an ROCE of 0.6%. In absolute terms, that's a low return and it also under-perfo
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News
- Strength Seen in Flotek Industries (FTK): Can Its 9.5% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Flotek to Present at the 2024 Gateway Conference on September 4, 2024GlobeNewswire
- We Think That There Are Some Issues For Flotek Industries (NYSE:FTK) Beyond Its Promising Earnings [Yahoo! Finance]Yahoo! Finance
- Flotek Industries, Inc. (FTK) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Flotek Announces Increased 2024 Guidance and Continued Profitability Growth in Connection with Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
FTK
Earnings
- 8/6/24 - In-Line
FTK
Sec Filings
- 8/16/24 - Form 8-K
- 8/8/24 - Form 10-Q
- 8/6/24 - Form 8-K
- FTK's page on the SEC website