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Stock impact report

Investors Will Want Surmodics' (NASDAQ:SRDX) Growth In ROCE To Persist [Yahoo! Finance]

Surmodics, Inc. (SRDX) 
Last surmodics, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: surmodics.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, Surmodics NASDAQ:SRDX ) looks quite promising in regards to its trends of return on capital. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Surmodics, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.11 = US$18m ÷ (US$183m - US$19m) (Based on the trailing twelve months to March 2024) So, Surmodics has an ROCE of 11%. That's a relatively normal return on capital, and it's around the 10.0% generated by the Medical Equipment industry. View our latest analysis fo Show less Read more
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