Why The 20% Return On Capital At Scorpio Tankers (NYSE:STNG) Should Have Your Attention [Yahoo! Finance]
Scorpio Tankers Inc. Common Shares (STNG)
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am
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scorpiotankers.com/investors/shareholder-services/stock-price-information
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Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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 Scorpio Tankers' NYSE:STNG ) returns on capital, so let's have a look. 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 Scorpio Tankers, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.20 = US$713m ÷ (US$3.8b - US$242m) (Based on the trailing twelve months to September 2024) Therefore, Scorpio Tankers has an ROCE of 20%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 12%.
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STNG
News
- Scorpio Tankers Inc. Announces Commitments for New $500.0 Million Revolving Credit FacilityGlobeNewswire
- Scorpio Tankers Inc. (NYSE: STNG) had its price target lowered by analysts at Jefferies Financial Group Inc. from $80.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
- Transportation and Logistics Stocks Q3 Recap: Benchmarking Union Pacific (NYSE:UNP) [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers (STNG): Buy, Sell, or Hold Post Q3 Earnings? [Yahoo! Finance]Yahoo! Finance
- Scorpio Tankers Inc. (NYSE: STNG) had its price target lowered by analysts at Jefferies Financial Group Inc. from $90.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
STNG
Earnings
- 10/29/24 - Beat
STNG
Sec Filings
- 12/12/24 - Form 6-K
- 11/26/24 - Form 144
- 10/29/24 - Form 6-K
- STNG's page on the SEC website