Here's What's Concerning About United Maritime's (NASDAQ:USEA) Returns On Capital [Yahoo! Finance]
United Maritime Corporation (USEA)
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding 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. Although, when we looked at United Maritime NASDAQ:USEA ), it didn't seem to tick all of these boxes. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on United Maritime is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.035 = US$3.7m ÷ (US$171m - US$65m) (Based on the trailing twelve months to June 2024) Therefore, United Maritime has an ROCE of 3.5%. Ultimately, that's a low return and it under-performs the Shipping industry average of 9.3%. See our latest anal
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USEA
News
- United Maritime Corporation (USEA) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- United Maritime Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2024 and Declares Dividend of $0.075 Per ShareGlobeNewswire
- United Maritime Announces the Date for the Second Quarter and Six Months Ended June 30, 2024, Financial Results, Conference Call and WebcastGlobeNewswire
- United Maritime Co. (NASDAQ: USEA) was upgraded by analysts at Maxim Group to a "strong-buy" rating.MarketBeat
USEA
Analyst Actions
- 7/3/24 - Maxim Group
USEA
Sec Filings
- 8/8/24 - Form 6-K
- USEA's page on the SEC website