Looking Into Summit Materials''s Return On Capital Employed
Summit Materials (NYSE: SUM ) reported Q1 sales of $398.48 million. Earnings fell to a loss of $26.83 million, resulting in a 145.74% decrease from last quarter. Summit Materials earned $58.65 million, and sales totaled $571.86 million in Q4. 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 Full story available on Benzinga.com
Looking Into Summit Materials''s Return On Capital Employed
Summit Materials (NYSE: SUM ) reported Q1 sales of $398.48 million. Earnings fell to a loss of $26.83 million, resulting in a 145.74% decrease from last quarter. Summit Materials earned $58.65 million, and sales totaled $571.86 million in Q4. 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 Full story available on Benzinga.com