Methode Electronics''s Return On Capital Employed Insights
Pulled from Benzinga Pro data, Methode Electronics (NYSE: MEI ) posted Q1 earnings of $21.50 million, an increase from Q4 of 32.72%. Sales dropped to $282.40 million, a 2.18% decrease between quarters. In Q4, Methode Electronics earned $16.20 million, whereas sales reached $288.70 million. Why Is ROCE Significant? 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 in a company''s ROCE. A higher ROCE is generally representative of successful growth of a company and … Full story available on Benzinga.com
Methode Electronics''s Return On Capital Employed Insights
Pulled from Benzinga Pro data, Methode Electronics (NYSE: MEI ) posted Q1 earnings of $21.50 million, an increase from Q4 of 32.72%. Sales dropped to $282.40 million, a 2.18% decrease between quarters. In Q4, Methode Electronics earned $16.20 million, whereas sales reached $288.70 million. Why Is ROCE Significant? 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 in a company''s ROCE. A higher ROCE is generally representative of successful growth of a company and … Full story available on Benzinga.com