Teekay Tankers (NYSE:TNK) Is Very Good At Capital Allocation [Yahoo! Finance]
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
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Source: Yahoo! Finance
return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Teekay Tankers' NYSE:TNK ) 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. To calculate this metric for Teekay Tankers, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.23 = US$414m ÷ (US$1.9b - US$106m) (Based on the trailing twelve months to June 2024) So, Teekay Tankers has an ROCE of 23%. That's a fantastic return and not only that, it outpaces the average of 12% earned by companies in a similar industry. In the above
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News
- Teekay Tankers Ltd. (NYSE: TNK) had its price target lowered by analysts at Jefferies Financial Group Inc. from $72.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- Teekay Tankers Ltd. (NYSE: TNK) had its "underperform" rating re-affirmed by analysts at Bank of America Co.. They now have a $46.00 price target on the stock, down previously from $51.00.MarketBeat
- Here's What We Like About Teekay Tankers' (NYSE:TNK) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers (NYSE:TNK) Is Paying Out A Dividend Of $0.25 [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers Ltd. (NYSE: TNK) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating.MarketBeat
TNK
Earnings
- 10/30/24 - Miss
TNK
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- 11/12/24 - Form 144
- TNK's page on the SEC website