Investors Shouldn't Overlook Target Hospitality's (NASDAQ:TH) Impressive Returns On Capital [Yahoo! Finance]
Target Hospitality Corp. (TH)
Last target hospitality corp. earnings: 3/11 04:15 pm
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Source: Yahoo! Finance
return on capital employed (ROCE) and then alongside that, an ever-increasing 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. So when we looked at the ROCE trend of Target Hospitality NASDAQ:TH ) we really liked what we saw. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Target Hospitality is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.39 = US$179m ÷ (US$697m - US$236m) (Based on the trailing twelve months to June 2024) Therefore, Target Hospitality has an ROCE of 39%. That's a fantastic return and not only that, it outpaces the average of 10% earned by companies in a similar industry. In the above chart we
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TH
News
- Target Hospitality Corp. (NASDAQ: TH) was upgraded by analysts at Northland Capmk from a "hold" rating to a "strong-buy" rating.MarketBeat
- Target Hospitality Corp. (NASDAQ: TH) was upgraded by analysts at Northland Securities from a "market perform" rating to an "outperform" rating. They now have a $15.00 price target on the stock, up previously from $11.00.MarketBeat
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- Target Hospitality Advances Growth Priorities with Strategic Hire [Yahoo! Finance]Yahoo! Finance
TH
Earnings
- 11/12/24 - Beat
TH
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form 3
- 11/22/24 - Form 8-K
- TH's page on the SEC website