There Are Reasons To Feel Uneasy About Packaging Corporation of America's (NYSE:PKG) Returns On Capital [Yahoo! Finance]
Packaging Corporation of America (PKG)
Last packaging corporation of america earnings: 4/27 05:00 pm
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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. 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 Packaging Corporation of America NYSE:PKG ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Packaging Corporation of America: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$1.1b ÷ (US$8.9b - US$1.4b) (Based on the trailing twelve months to March 2024) Therefore, Packaging Corporation of America has an ROCE of 1
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PKG
News
- Packaging Corporation of America Schedules Conference Call to Discuss Second Quarter 2024 Operating ResultsBusiness Wire
- Packaging Co. of America (NYSE: PKG) had its price target raised by analysts at Bank of America Co. from $197.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
- Packaging Corporation of America's (NYSE:PKG) Intrinsic Value Is Potentially 57% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Packaging Corp (PKG) Gains on E-Commerce Demand Amid High Costs [Yahoo! Finance]Yahoo! Finance
- Packaging Co. of America (NYSE: PKG) had its price target raised by analysts at Truist Financial Co. from $191.00 to $208.00. They now have a "buy" rating on the stock.MarketBeat
PKG
Earnings
- 4/22/24 - Miss
PKG
Sec Filings
- 5/30/24 - Form 11-K
- 5/30/24 - Form 11-K
- 5/17/24 - Form 3
- PKG's page on the SEC website