Investors Will Want Taoping's (NASDAQ:TAOP) Growth In ROCE To Persist [Yahoo! Finance]
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. So when we looked at Taoping NASDAQ:TAOP ) and its trend of ROCE, we really liked what we saw. What Is Return On Capital Employed (ROCE)? 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. The formula for this calculation on Taoping is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.086 = US$1.4m ÷ (US$34m - US$18m) (Based on the trailing twelve months to June 2024) Thus, Taoping has an ROCE of 8.6%. Ultimately, that's a low return and it under-performs the IT industry average of 11%. Check out our latest analysis for Taoping While the past
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News
- Taoping Announces Major Cooperation with the Mengla County of Yunan Province; Expected Project Value of US$82.5 Million by 2027 [Yahoo! Finance]Yahoo! Finance
- Taoping Announces Major Cooperation with the Mengla County of Yunan Province; Expected Project Value of US$82.5 Million by 2027PR Newswire
- Taoping says Nasdaq grants additional 180 calendar day period for compliance [Yahoo! Finance]Yahoo! Finance
- Taoping Signs Non-binding Letter of Intent to Acquire Yunti; Transformational Acquisition Would Substantially Improve Taoping's Annual Revenue, Expand its Addressable Market, and Leverage its Current PortfolioPR Newswire
TAOP
Sec Filings
- 1/14/25 - Form 6-K
- 1/13/25 - Form 424B5
- 12/31/24 - Form 424B2
- TAOP's page on the SEC website