![]() We have some of the largest barge mounted conventional (cable crane) dredges in the region. Our mechanical equipment is capable of swinging buckets up to 16 CY in capacity. We typically perform mechanical dredging, but hydraulic dredging when appropriate is in our wheelhouse. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.Great Lakes Dock and Materials specializes in dredging operations. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 197% over the last five years. Great Lakes Dredge & Dock is showing promise given that its ROCE is trending up and to the right. What Can We Tell From Great Lakes Dredge & Dock's ROCE Trend? If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company. In the above chart we have measured Great Lakes Dredge & Dock's prior ROCE against its prior performance, but the future is arguably more important. NasdaqGS:GLDD Return on Capital Employed September 17th 2021 On its own, that's a low figure but it's around the 9.7% average generated by the Construction industry. So, Great Lakes Dredge & Dock has an ROCE of 8.9%. Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)Ġ.089 = US$70m ÷ (US$950m - US$160m) (Based on the trailing twelve months to June 2021).
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