Investors Could Be Concerned With Ormat Technologies' (NYSE:ORA) Returns On Capital [Yahoo! Finance]
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 pm
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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. Having said that, from a first glance at Ormat Technologies NYSE:ORA ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. 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 Ormat Technologies is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.036 = US$181m ÷ (US$5.5b - US$531m) (Based on the trailing twelve months to June 2024) Therefore, Ormat Technologies has an ROCE of 3.6%. Even though it's in line with the industry average of 4.2%, it's still a low return by itself. A
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News
- Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand [Yahoo! Finance]Yahoo! Finance
- Ormat Tech reaches deal with Contact Energy to develop New Zealand geothermal power plant [Seeking Alpha]Seeking Alpha
- Ormat Technologies Announces Major EPC Contract With Contact Energy for 101MW Geothermal Plant in New Zealand [Yahoo! Finance]Yahoo! Finance
- Ormat Technologies Announces Major EPC Contract With Contact Energy for 101MW Geothermal Plant in New ZealandGlobeNewswire
- Ormat Technologies Announces Successful Monetization of 40% Investment Tax Credit for Bottleneck Energy Storage FacilityGlobeNewswire
ORA
Earnings
- 11/6/24 - Beat
ORA
Sec Filings
- 11/8/24 - Form 4
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- ORA's page on the SEC website