ITT Earnings Perspective: Return On Capital Employed
According to Benzinga Pro data ITT (NYSE: ITT ) posted a 0.66% decrease in earnings from Q1. Sales, however, increased by 0.98% over the previous quarter to $733.30 million. Despite the increase in sales this quarter, the decrease in earnings may suggest ITT is not utilizing their capital as effectively as possible. In Q1, ITT earned $75.30 million and total sales reached $726.20 million. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts … Full story available on Benzinga.com
ITT Earnings Perspective: Return On Capital Employed
According to Benzinga Pro data ITT (NYSE: ITT ) posted a 0.66% decrease in earnings from Q1. Sales, however, increased by 0.98% over the previous quarter to $733.30 million. Despite the increase in sales this quarter, the decrease in earnings may suggest ITT is not utilizing their capital as effectively as possible. In Q1, ITT earned $75.30 million and total sales reached $726.20 million. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts … Full story available on Benzinga.com