Returns On Capital Signal Tricky Times Ahead For Middlesex Water (NASDAQ:MSEX) [Yahoo! Finance]
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Middlesex Water Company (MSEX)
Last middlesex water company earnings: 11/1 12:33 pm
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Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after investigating Middlesex Water NASDAQ:MSEX ), we don't think it's current trends fit the mold of a multi-bagger. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Middlesex Water is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.04 = US$45m ÷ (US$1.3b - US$117m) (Based on the trailing twelve months to March 2024) So, Middlesex Water has an ROCE of 4.0%. On its own that's a low return on capital but it's in line with the industry's
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MSEX
News
- Middlesex Water Senior VP Acquires 20% More Stock [Yahoo! Finance]Yahoo! Finance
- Middlesex Water Company Names New Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Middlesex Water Company Names New Chief Financial OfficerGlobeNewswire
- Middlesex Water (MSEX) to Invest $9.7M in Water Infrastructure [Yahoo! Finance]Yahoo! Finance
- Middlesex Water Company Unveils $9.7 Million Initiative to Enhance Water Infrastructure in Woodbridge [Yahoo! Finance]Yahoo! Finance
MSEX
Earnings
- 5/8/24 - Beat
MSEX
Sec Filings
- 6/26/24 - Form 4
- 6/24/24 - Form 3
- 6/21/24 - Form 4
- MSEX's page on the SEC website