Taitron Components (NASDAQ:TAIT) May Have Issues Allocating Its Capital [Yahoo! Finance]
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Taitron Components Incorporated - Class A (TAIT)
US:NASDAQ Investor Relations:
taitroncomponents.com/pages/corporate/investor_relations/index.htm
Company Research
Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Taitron Components NASDAQ:TAIT ) 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) 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. The formula for this calculation on Taitron Components is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.033 = US$563k ÷ (US$18m - US$1.4m) (Based on the trailing twelve months to March 2024) Therefore, Taitron Components has an ROCE of 3.3%. Ultimately, that's a low return and it un
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TAIT
News
- Taitron Components Incorporated (NASDAQ: TAIT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Taitron Components Incorporated (NASDAQ: TAIT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Taitron Components Incorporated (NASDAQ: TAIT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Taitron Components Incorporated (NASDAQ: TAIT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Taitron Components Incorporated (NASDAQ: TAIT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
TAIT
Sec Filings
- 6/26/24 - Form 4
- 6/26/24 - Form 4
- 6/26/24 - Form 4
- TAIT's page on the SEC website