Returns On Capital At Open Text (NASDAQ:OTEX) Have Hit The Brakes [Yahoo! Finance]
Open Text Corporation - Common Shares (OTEX)
Last open text corporation - common shares earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
investors.opentext.com/investor-relations
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Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. In light of that, when we looked at Open Text NASDAQ:OTEX ) and its ROCE trend, we weren't exactly thrilled. What Is Return On Capital Employed (ROCE)? 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. To calculate this metric for Open Text, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.092 = US$1.0b ÷ (US$14b - US$2.5b) (Based on the trailing twelve months to September 2024) Therefore, Open Text has an ROCE of 9.2%. Even though it's in line with the industry average of 8.8%, it's still a low return by itself. Check out our latest analysis for Open
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News
- The Ultimate Software Stock to Buy With $500 Right Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- Open Text Co. (NASDAQ: OTEX) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- 1 Magnificent AI Stock Down 32% to Buy and Hold Forever [Yahoo! Finance Canada]Yahoo! Finance Canada
- Open Text Co. (NASDAQ: OTEX) had its price target lowered by analysts at TD Securities from $40.00 to $38.00. They now have a "buy" rating on the stock.MarketBeat
- Spotline Unveils ECMConnect for Workday™: A Revolutionary Solution Leveraging OpenText™ Extended ECM™ to Transform Employee Records Management and Compliance [Yahoo! Finance]Yahoo! Finance
OTEX
Earnings
- 10/31/24 - Beat
OTEX
Sec Filings
- 11/26/24 - Form 8-K
- 11/12/24 - Form SCHEDULE
- 11/5/24 - Form 144
- OTEX's page on the SEC website