(CODA) – Profit outlook for the Coda Octopus group: return on invested capital

0

According to Benzinga Pro, during the 3rd trimester Group of Coda Octopuses (NASDAQ: CODA) gained $ 1.33 million, an increase of 0.54% from the previous quarter. Coda Octopus Group also recorded total revenue of $ 5.83 million, an increase of 8.45% from the second quarter. In the second quarter, Coda Octopus Group earned $ 1.32 million and total sales reached $ 5.37 million.

What is return on invested capital?

Profit data without context is unclear and can hardly be used as a basis for trading decisions. Return on invested capital (ROIC) helps filter the noise signal by measuring the annual profit before tax versus the capital invested by a company. Typically, a higher ROIC suggests successful growth of a business and is a sign of higher earnings per share in the future. In the third quarter, Coda Octopus Group posted a ROIC of 3.23%.

It is important to keep in mind that the ROIC assesses past performance and is not used as a predictive tool. This is a good measure of a company’s recent performance, but does not take into account factors that could affect profits and sales in the near future.

Profit data without context is unclear and can hardly be used as a basis for trading decisions. Return on invested capital (ROIC) helps filter the noise signal by measuring the annual profit before tax versus the capital invested by a company. Typically, a higher ROIC suggests successful growth of a business and is a sign of higher earnings per share in the future. In the third quarter, Coda Octopus Group posted a ROIC of 3.23%.

It is important to keep in mind that the ROIC assesses past performance and is not used as a predictive tool. This is a good measure of a company’s recent performance, but does not take into account factors that could affect profits and sales in the near future.

For Coda Octopus Group, the positive return on invested capital ratio of 3.23% suggests that management is allocating its capital efficiently. An efficient capital allocation is a positive indicator that a business will achieve more sustainable success and favorable long-term returns.

Analyst predictions

Coda Octopus Group reported third quarter earnings per share of $ 0.13 / share, beating analysts’ expectations of $ 0.12 / share.


Source link

Leave A Reply

Your email address will not be published.