Returns On Capital Are A Standout For TriNet Group (NYSE:TNET) [Yahoo! Finance]
TriNet Group, Inc. (TNET)
Last trinet group, inc. earnings: 4/28 04:25 pm
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US:NYSE Investor Relations:
investor.trinet.com/investor-relations/default.aspx
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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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in TriNet Group's NYSE:TNET ) returns on capital, so let's have a look. Return On Capital Employed (ROCE): What Is It? 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 TriNet Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.33 = US$409m ÷ (US$3.7b - US$2.5b) (Based on the trailing twelve months to June 2024) Therefore, TriNet Group has an ROCE of 33%. In absolute terms that's a great return and it's even better than the
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News
- TriNet to Participate in Upcoming ConferencesPR Newswire
- TriNet Group, Inc. (NYSE: TNET) had its price target lowered by analysts at TD Cowen from $110.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- TriNet Group, Inc. (NYSE: TNET) was downgraded by analysts at Needham & Company LLC from a "buy" rating to a "hold" rating.MarketBeat
- Flushing Financial Corporation (FFIC) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- TriNet Group, Inc. (TNET) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
TNET
Earnings
- 10/25/24 - Beat
TNET
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- 11/1/24 - Form 4
- TNET's page on the SEC website