Ormat Technologies: Return On Capital Employed Insights
Looking at Q1, Ormat Technologies (NYSE: ORA ) earned $49.89 million, a 6.21% increase from the preceding quarter. Ormat Technologies''s sales decreased to $166.35 million, a 7.26% change since Q4. Ormat Technologies earned $53.20 million, and sales totaled $179.38 million in Q4. Why ROCE Is Significant Changes in earnings and sales indicate shifts in Ormat Technologies''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 Full story available on Benzinga.com
Ormat Technologies: Return On Capital Employed Insights
Looking at Q1, Ormat Technologies (NYSE: ORA ) earned $49.89 million, a 6.21% increase from the preceding quarter. Ormat Technologies''s sales decreased to $166.35 million, a 7.26% change since Q4. Ormat Technologies earned $53.20 million, and sales totaled $179.38 million in Q4. Why ROCE Is Significant Changes in earnings and sales indicate shifts in Ormat Technologies''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 Full story available on Benzinga.com