Transcat (NASDAQ:TRNS) Might Be Having Difficulty Using Its Capital Effectively [Yahoo! Finance]
Transcat, Inc. (TRNS)
Last transcat, inc. earnings: 2/4 04:15 pm
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transcat.com/investor-relations
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Source: Yahoo! Finance
return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after briefly looking over the numbers, we don't think Transcat NASDAQ:TRNS ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. 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. Analysts use this formula to calculate it for Transcat: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.075 = US$22m ÷ (US$324m - US$32m) (Based on the trailing twelve months to June 2024) Thus, Transcat has an ROCE of 7.5%. Ultimately, that's a low return and it under-performs the Tra
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News
- Transcat (TRNS) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- Do You Think Transcat's (TRNS) Strong Customer Base Supported Sustainable Growth? [Yahoo! Finance]Yahoo! Finance
- Transcat (NASDAQ:TRNS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of [Yahoo! Finance]Yahoo! Finance
- Transcat (TRNS) is an Incredible Growth Stock: 3 Reasons Why [Yahoo! Finance]Yahoo! Finance
- Transcat, Inc. (NASDAQ: TRNS) had its price target lowered by analysts at Craig Hallum from $150.00 to $138.00. They now have a "buy" rating on the stock.MarketBeat
TRNS
Earnings
- 7/29/24 - Beat
TRNS
Sec Filings
- 9/19/24 - Form 4
- 9/19/24 - Form 3
- 9/13/24 - Form 8-K
- TRNS's page on the SEC website