ConocoPhillips Return on Invested Capital Overview
According to Benzinga Pro data ConocoPhillips (NYSE: COP ) posted a 10.66% decrease in earnings from Q1. Sales, however, increased by 13.99% over the previous quarter to $21.99 billion. Despite the increase in sales this quarter, the decrease in earnings may suggest ConocoPhillips is not utilizing their capital as effectively as possible. ConocoPhillips reached earnings of $5.76 billion and sales of $19.29 billion in Q1. What Is ROIC? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative … Full story available on Benzinga.com
ConocoPhillips Return on Invested Capital Overview
According to Benzinga Pro data ConocoPhillips (NYSE: COP ) posted a 10.66% decrease in earnings from Q1. Sales, however, increased by 13.99% over the previous quarter to $21.99 billion. Despite the increase in sales this quarter, the decrease in earnings may suggest ConocoPhillips is not utilizing their capital as effectively as possible. ConocoPhillips reached earnings of $5.76 billion and sales of $19.29 billion in Q1. What Is ROIC? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative … Full story available on Benzinga.com