The Returns At Open Text (NASDAQ:OTEX) Aren't Growing [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
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Open Text NASDAQ:OTEX ), we don't think it's current trends fit the mold of a multi-bagger. 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. Analysts use this formula to calculate it for Open Text: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.072 = US$966m ÷ (US$16b - US$3.0b) (Based on the trailing twelve months to March 2024) So, Open Text has an ROCE of 7.2%. On its own that's a low return on capital but it's in line with the industry's average returns of
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OTEX
News
- Open Text Co. (NASDAQ: OTEX) had its price target lowered by analysts at Citigroup Inc. from $37.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- OpenText Stock Is Down: Buy the Dip — or Run for Cover? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Europe Enterprise File Synchronization And Sharing Market to Hit Valuation of USD 12,491.5 Million By 2032 | Astute Analytica [Yahoo! Finance]Yahoo! Finance
- Open Text Co. (NASDAQ: OTEX) had its price target lowered by analysts at CIBC from $38.50 to $36.00. They now have a "neutral" rating on the stock.MarketBeat
- Growth And Income? These Tech Stocks Offer Both [Yahoo! Finance]Yahoo! Finance
OTEX
Earnings
- 5/2/24 - Beat
OTEX
Sec Filings
- 5/15/24 - Form 8-K
- 5/8/24 - Form 8-K
- 5/2/24 - Form 10-Q
- OTEX's page on the SEC website