Calumet Specialty''s Return On Capital Employed Overview
According to Benzinga Pro data, during Q2, Calumet Specialty (NASDAQ: CLMT ) posted sales of $1.42 billion. Earnings were up 83.98%, but Calumet Specialty still reported an overall loss of $15.30 million. Calumet Specialty collected $1.10 billion in revenue during Q1, but reported earnings showed a $95.50 million loss. What Is Return On Capital Employed? 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 … Full story available on Benzinga.com
Calumet Specialty''s Return On Capital Employed Overview
According to Benzinga Pro data, during Q2, Calumet Specialty (NASDAQ: CLMT ) posted sales of $1.42 billion. Earnings were up 83.98%, but Calumet Specialty still reported an overall loss of $15.30 million. Calumet Specialty collected $1.10 billion in revenue during Q1, but reported earnings showed a $95.50 million loss. What Is Return On Capital Employed? 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 … Full story available on Benzinga.com