Investors Met With Slowing Returns on Capital At Leggett & Platt (NYSE:LEG) [Yahoo! Finance]
Leggett & Platt, Incorporated (LEG)
Last leggett & platt, incorporated earnings: 2/3 04:20 pm
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Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. Although, when we looked at Leggett & Platt NYSE:LEG ), it didn't seem to tick all of these boxes. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Leggett & Platt: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.098 = US$263m ÷ (US$3.8b - US$1.2b) (Based on the trailing twelve months to June 2024) Therefore, Leggett & Platt has an ROCE of 9.8%. Ultimately, that's a low return and it under-performs the Consumer Durables industry average of 14%. Vie
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News
- Why It Might Not Make Sense To Buy Leggett & Platt, Incorporated (NYSE:LEG) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Is Leggett & Platt, Incorporated (LEG) The Best Beaten Down Dividend Stock to Invest in Now? [Yahoo! Finance]Yahoo! Finance
- Leggett & Platt, Incorporated (NYSE: LEG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Leggett & Platt, Incorporated (NYSE: LEG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05PR Newswire
LEG
Earnings
- 8/1/24 - Beat
LEG
Sec Filings
- 9/9/24 - Form 4
- 9/9/24 - Form 4
- 9/9/24 - Form 4
- LEG's page on the SEC website