Iridium Communications' (NASDAQ:IRDM) Returns On Capital Are Heading Higher [Yahoo! Finance]
Iridium Communications Inc (IRDM)
Last iridium communications inc earnings: 4/28 07:01 am
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Source: Yahoo! Finance
return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at Iridium Communications NASDAQ:IRDM ) 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. Analysts use this formula to calculate it for Iridium Communications: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.079 = US$205m ÷ (US$2.7b - US$118m) (Based on the trailing twelve months to June 2024) So, Iridium Communications has an ROCE of 7.9%. In absolute terms, that's a low return but it's around the Telecom industry average of 9.3%. Above you
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IRDM
News
- Shareholders in Iridium Communications (NASDAQ:IRDM) have lost 28%, as stock drops 4.8% this past week [Yahoo! Finance]Yahoo! Finance
- NAV CANADA announces year-end financial results [Yahoo! Finance]Yahoo! Finance
- Eutelsat to Deliver IRDM's Certus & STL Services to US Government [Yahoo! Finance]Yahoo! Finance
- Eutelsat America Corp. and OneWeb Technologies to offer Iridium Certus and STL® Services to the U.S. Government [Yahoo! Finance]Yahoo! Finance
- Eutelsat America Corp. and OneWeb Technologies to offer Iridium Certus and STL® Services to the U.S. GovernmentPR Newswire
IRDM
Earnings
- 7/23/24 - Beat
IRDM
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/13/24 - Form SC
- 11/5/24 - Form 4
- IRDM's page on the SEC website