Looking Into Covetrus''s Return On Capital Employed
Covetrus (NASDAQ: CVET ) brought in sales totaling $1.22 billion during Q2 according to data provided by Benzinga Pro . However, earnings decreased 100.0%, resulting in a loss of $4.00 million. Covetrus collected $1.15 billion in revenue during Q1, but reported earnings showed a $2.00 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 of a company and … Full story available on Benzinga.com
Looking Into Covetrus''s Return On Capital Employed
Covetrus (NASDAQ: CVET ) brought in sales totaling $1.22 billion during Q2 according to data provided by Benzinga Pro . However, earnings decreased 100.0%, resulting in a loss of $4.00 million. Covetrus collected $1.15 billion in revenue during Q1, but reported earnings showed a $2.00 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 of a company and … Full story available on Benzinga.com