Universal Stainless & Alloy Products (NASDAQ:USAP) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]
Universal Stainless & Alloy Products, Inc. (USAP)
Last universal stainless & alloy products, inc. earnings: 4/22 06:45 am
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing 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. With that in mind, we've noticed some promising trends at Universal Stainless & Alloy Products NASDAQ:USAP ) so let's look a bit deeper. Understanding 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. To calculate this metric for Universal Stainless & Alloy Products, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.091 = US$29m ÷ (US$368m - US$48m) (Based on the trailing twelve months to June 2024) Thus, Universal Stainless & Alloy Products has an ROCE of 9.1%. Even though
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News
- Should You Invest in Universal Stainless & Alloy Products (USAP)? [Yahoo! Finance]Yahoo! Finance
- With 66% ownership of the shares, Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Universal Stainless & Alloy Products Second Quarter 2024 Earnings: EPS: US$0.96 (vs US$0.099 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Universal Stainless Reports Record Sales and Profitability in Second Quarter of 2024GlobeNewswire
- Universal Stainless Reaches New Five-Year Labor Agreement at its North Jackson FacilityGlobeNewswire
USAP
Earnings
- 3/28/24 - In-Line
USAP
Sec Filings
- 9/4/24 - Form 4
- 9/4/24 - Form 4/A
- 9/4/24 - Form 4
- USAP's page on the SEC website