Monro Insights: Return On Capital Employed
Looking at Q4, Monro (NASDAQ: MNRO ) earned $20.72 million, a 32.09% increase from the preceding quarter. Monro also posted a total of $305.49 million in sales, a 7.34% increase since Q3. In Q3, Monro earned $15.69 million, and total sales reached $284.59 million. What Is ROCE? Changes in earnings and sales indicate shifts in Monro''s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company Full story available on Benzinga.com
Monro Insights: Return On Capital Employed
Looking at Q4, Monro (NASDAQ: MNRO ) earned $20.72 million, a 32.09% increase from the preceding quarter. Monro also posted a total of $305.49 million in sales, a 7.34% increase since Q3. In Q3, Monro earned $15.69 million, and total sales reached $284.59 million. What Is ROCE? Changes in earnings and sales indicate shifts in Monro''s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company Full story available on Benzinga.com