Omega Flex (NASDAQ:OFLX) May Have Issues Allocating Its Capital [Yahoo! Finance]
Omega Flex, Inc. (OFLX)
US:NASDAQ Investor Relations:
omegaflexcorp.com
Company Research
Source: Yahoo! Finance
Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a decreasing amount of capital employed. Ultimately this means that the company is earning less per dollar invested and on top of that, it's shrinking its base of capital employed. So after glancing at the trends within Omega Flex NASDAQ:OFLX ), we weren't too hopeful. 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. To calculate this metric for Omega Flex, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.28 = US$24m ÷ (US$99m - US$14m) (Based on the trailing twelve months to March 2024) Therefore, Omega Flex has an ROCE of 28%. In absolute terms that's a great return and it's even better than the Machinery industry average of 13%. See our la
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OFLX
Sec Filings
- 9/11/24 - Form 8-K
- 8/2/24 - Form 10-Q
- 7/31/24 - Form 8-K
- OFLX's page on the SEC website