Returns At Magic Software Enterprises (NASDAQ:MGIC) Are On The Way Up [Yahoo! Finance]
Magic Software Enterprises Ltd. - Ordinary Shares (MGIC)
Last magic software enterprises ltd. - ordinary shares earnings: 3/9 07:18 am
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US:NASDAQ Investor Relations:
magicsoftware.com/investor-relations
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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. So on that note, Magic Software Enterprises NASDAQ:MGIC ) looks quite promising in regards to its trends of return on capital. 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. The formula for this calculation on Magic Software Enterprises is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.15 = US$57m ÷ (US$537m - US$162m) (Based on the trailing twelve months to March 2024) Therefore, Magic Software Enterprises has an ROCE of 15%. In absolute terms, that's a satisfactory return, but compared to the Software industry average of 8.6% it's much better. In
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MGIC
News
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Magic Software Enterprises Ltd. (NASDAQ: MGIC) had its price target raised by analysts at Barclays PLC from $14.00 to $15.00. They now have an "overweight" rating on the stock.MarketBeat
MGIC
Earnings
- 11/18/24 - Miss
MGIC
Sec Filings
- 11/18/24 - Form 6-K
- 11/4/24 - Form 6-K
- 10/15/24 - Form SC
- MGIC's page on the SEC website