Pinnacle West Capital''s Return On Capital Employed Insights
According to Benzinga Pro, during Q2, Pinnacle West Capital (NYSE: PNW ) earned $168.62 million, a 693.05% increase from the preceding quarter. Pinnacle West Capital also posted a total of $1.06 billion in sales, a 35.54% increase since Q1. In Q1, Pinnacle West Capital brought in $783.53 million in sales but only earned $21.26 million. What Is ROCE? 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 … Full story available on Benzinga.com
Pinnacle West Capital''s Return On Capital Employed Insights
According to Benzinga Pro, during Q2, Pinnacle West Capital (NYSE: PNW ) earned $168.62 million, a 693.05% increase from the preceding quarter. Pinnacle West Capital also posted a total of $1.06 billion in sales, a 35.54% increase since Q1. In Q1, Pinnacle West Capital brought in $783.53 million in sales but only earned $21.26 million. What Is ROCE? 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 … Full story available on Benzinga.com