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 Releases 2023 Sustainability Report [Yahoo! Finance]Yahoo! Finance
- Ormat Releases 2023 Sustainability ReportGlobeNewswire
- Ormat Commences Commercial Operation of Bottleneck Storage Facility in California, Delivering 80MW/320MWh of Energy Storage Capacity [Yahoo! Finance]Yahoo! Finance
- Ormat Commences Commercial Operation of Bottleneck Storage Facility in California, Delivering 80MW/320MWh of Energy Storage CapacityGlobeNewswire
- Ormat Technologies Inc. Secures Land Parcels in Nevada's BLM Auction to Advance Future Geothermal DevelopmentGlobeNewswire
ORA
Earnings
- 8/6/24 - Miss
ORA
Sec Filings
- 9/23/24 - Form 4
- 9/20/24 - Form 144
- 8/27/24 - Form 4
- ORA's page on the SEC website