Granite Construction''s Return On Capital Employed Insights
According to Benzinga Pro, during Q2, Granite Construction (NYSE: GVA ) earned $16.57 million, a 268.7% increase from the preceding quarter. Granite Construction also posted a total of $768.29 million in sales, a 40.3% increase since Q1. In Q1, Granite Construction brought in $547.59 million in sales but lost $9.82 million in earnings. Why Is ROCE Significant? 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 … Full story available on Benzinga.com
Granite Construction''s Return On Capital Employed Insights
According to Benzinga Pro, during Q2, Granite Construction (NYSE: GVA ) earned $16.57 million, a 268.7% increase from the preceding quarter. Granite Construction also posted a total of $768.29 million in sales, a 40.3% increase since Q1. In Q1, Granite Construction brought in $547.59 million in sales but lost $9.82 million in earnings. Why Is ROCE Significant? 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 … Full story available on Benzinga.com