Valero Energy Earnings Perspective: Return On Capital Employed
According to Benzinga Pro, during Q2, Valero Energy (NYSE: VLO ) earned $4.77 billion, a 393.07% increase from the preceding quarter. Valero Energy also posted a total of $51.64 billion in sales, a 33.99% increase since Q1. Valero Energy earned $967.00 million, and sales totaled $38.54 billion in Q1. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher … Full story available on Benzinga.com
Valero Energy Earnings Perspective: Return On Capital Employed
According to Benzinga Pro, during Q2, Valero Energy (NYSE: VLO ) earned $4.77 billion, a 393.07% increase from the preceding quarter. Valero Energy also posted a total of $51.64 billion in sales, a 33.99% increase since Q1. Valero Energy earned $967.00 million, and sales totaled $38.54 billion in Q1. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher … Full story available on Benzinga.com