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-0.00410640956971976 -0.00607034458132482 -0.00571326548830566 -0.00571326548830566 -0.00571326548830566 -0.00571326548830566 -0.00571326548830566 -0.00571326548830566
Stock impact report

United Parks & Resorts (NYSE:PRKS) Is Investing Its Capital With Increasing Efficiency [Yahoo! Finance]

United Parks & Resorts Inc. (PRKS) 
Company Research 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in United Parks & Resorts' NYSE:PRKS ) returns on capital, so let's have a look. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for United Parks & Resorts: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.24 = US$514m ÷ (US$2.6b - US$398m) (Based on the trailing twelve months to September 2024) Thus, United Parks & Resorts has an ROCE of 24%. That's a fantastic return and not only that Show less Read more
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