Hooker Furnishings (NASDAQ:HOFT) Could Be Struggling To Allocate Capital [Yahoo! Finance]
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
Company Research
Source: Yahoo! Finance
A business that's potentially in decline often shows two trends, a return on capital employed (ROCE) that's declining, and a base of capital employed that's also declining. Ultimately this means that the company is earning less per dollar invested and on top of that, it's shrinking its base of capital employed. So after we looked into Hooker Furnishings NASDAQ:HOFT ), the trends above didn't look too great. 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 Hooker Furnishings: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.0031 = US$813k ÷ (US$332m - US$66m) (Based on the trailing twelve months to July 2024) Thus, Hooker Furnishings has an ROCE of 0.3%. In absolute terms, that's a low return and it also under-performs the Consumer Durables industry average of 14%. See our
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HOFT
News
- Hooker Furnishings to Host Third Quarter Earnings Call December 5thGlobeNewswire
- With 70% ownership in Hooker Furnishings Corporation (NASDAQ:HOFT), institutional investors have a lot riding on the business [Yahoo! Finance]Yahoo! Finance
- Home Trends & Design Welcomes Frank Richardson as Director of Business Development [Yahoo! Finance]Yahoo! Finance
- HOFT Expands Market Reach by Partnering With Margaritaville [Yahoo! Finance]Yahoo! Finance
- Hooker Furnishings Inks Global Licensing Deal with Margaritaville [Yahoo! Finance Canada]Yahoo! Finance Canada
HOFT
Earnings
- 9/5/24 - Miss
HOFT
Sec Filings
- 11/1/24 - Form SCHEDULE
- 10/25/24 - Form SC
- 10/10/24 - Form SCHEDULE
- HOFT's page on the SEC website