Encore Wire (NASDAQ:WIRE) Is Very Good At Capital Allocation [Yahoo! Finance]
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Encore Wire Corporation (WIRE)
Last encore wire corporation earnings: 4/28 05:05 pm
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US:NASDAQ Investor Relations:
encorewire.com/investors
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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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at the ROCE trend of Encore Wire NASDAQ:WIRE ) we really liked what we saw. What Is 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. To calculate this metric for Encore Wire, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.20 = US$380m ÷ (US$2.0b - US$168m) (Based on the trailing twelve months to March 2024) Thus, Encore Wire has an ROCE of 20%. In absolute terms that's a great return and it's even better than the Electrical industry ave
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WIRE
News
- Encore Wire Co. (NASDAQ: WIRE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Encore Wire Co. (NASDAQ: WIRE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Encore Wire Co. (NASDAQ: WIRE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIREGlobeNewswire
- STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIREPR Newswire
WIRE
Earnings
- 4/23/24 - Beat
WIRE
Sec Filings
- 6/26/24 - Form 8-K/A
- 6/26/24 - Form 8-K
- 6/21/24 - Form 4
- WIRE's page on the SEC website