![]() ROCE can be misleading for companies in cyclical industries, with returns looking impressive during the boom times, but very weak during the busts. ROCE is, after all, simply a snap shot of a single year. What happens in the future is pretty important for investors, so we have prepared a free report on analyst forecasts for Smith Micro Software. ![]() Smith Micro Software's Current Liabilities And Their Impact On Its ROCEĬurrent liabilities are short term bills and invoices that need to be paid in 12 months or less. Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. To counter this, investors can check if a company has high current liabilities relative to total assets. Smith Micro Software has total liabilities of US$4.9m and total assets of US$41m. Therefore its current liabilities are equivalent to approximately 12% of its total assets. What We Can Learn From Smith Micro Software's ROCE A fairly low level of current liabilities is not influencing the ROCE too much. This is good to see, and with a sound ROCE, Smith Micro Software could be worth a closer look. Smith Micro Software shapes up well under this analysis, but it is far from the only business delivering excellent numbers. You might also want to check this free collection of companies delivering excellent earnings growth. If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. If you spot an error that warrants correction, please contact the editor at This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.This content can also be viewed on the site it originates from. In the summer of 2021, Sean Sherman, a forty-eight-year-old Oglala Lakota chef, opened a restaurant called Owamni, in Minneapolis. Nearly overnight, it became the most prominent example of Indigenous American cuisine in the United States. Every dish is made without wheat flour, dairy, cane sugar, black pepper, or any other ingredient introduced to this continent after Europeans arrived. Sherman describes the food as “decolonized” his business partner and Owamni’s co-owner, Dana Thompson, calls it “ironically foreign.” In June, the James Beard Foundation named Owamni the best new restaurant in the United States. ![]() One evening in May, I met Sherman outside Owamni, which is situated in a park on the Mississippi River. Across the street, water plummeted fifty feet down St. The area was once the site of a Dakota village known as Owamniyomni-the place of falling, swirling water. Sherman pulled out his phone and showed me an eighteenth-century drawing depicting tepees on the shore of the falls. “But the Europeans were, like, ‘You are now called St. Inside, the dining room was flooded with light from a wall of windows. A bartender named Thor Bearstail delivered glasses of red wine.
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