Here's What IDEXX Laboratories' (NASDAQ:IDXX) Strong Returns On Capital Mean [Yahoo! Finance]
IDEXX Laboratories, Inc. (IDXX)
Last idexx laboratories, inc. earnings: 4/30 06:30 am
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idexx.com/en/about-idexx/investors
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Source: Yahoo! Finance
return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. That's why when we briefly looked at IDEXX Laboratories' NASDAQ:IDXX ) ROCE trend, we were very happy with what we saw. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for IDEXX Laboratories: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.50 = US$1.1b ÷ (US$3.4b - US$1.1b) (Based on the trailing twelve months to June 2024) Thus, IDEXX Laboratories has an ROCE of 50%. That's a fantastic return and not only that, it outpaces the average of 9.2% earned by companies in a similar industry.
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IDXX
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- 10/31/24 - Beat
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Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form SC
- 11/12/24 - Form 8-K
- IDXX's page on the SEC website