Capital Allocation Trends At Utah Medical Products (NASDAQ:UTMD) Aren't Ideal [Yahoo! Finance]
Utah Medical Products, Inc. (UTMD)
US:NASDAQ Investor Relations:
utahmed.com/investor.htm
Company Research
Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. In light of that, when we looked at Utah Medical Products NASDAQ:UTMD ) and its ROCE trend, we weren't exactly thrilled. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Utah Medical Products is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$18m ÷ (US$135m - US$5.5m) (Based on the trailing twelve months to March 2024) So, Utah Medical Products has an ROCE of 14%. On its own, that's a standard return, however it's much better than the 10% g
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News
- Will Weakness in Utah Medical Products, Inc.'s (NASDAQ:UTMD) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Utah Medical Products, Inc. Announces Quarterly DividendAccesswire
- Utah Medical Products Second Quarter 2024 Earnings: EPS: US$0.98 (vs US$1.16 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- UTMD Reports Financial Performance for Second Calendar Quarter and First Half 2024 [Yahoo! Finance]Yahoo! Finance
- UTMD Reports Financial Performance for Second Calendar Quarter and First Half 2024Accesswire
UTMD
Sec Filings
- 8/9/24 - Form 10-Q
- 7/25/24 - Form 8-K
- 7/22/24 - Form 4
- UTMD's page on the SEC website