Looking Into China Automotive Systems''s Return On Capital Employed
Pulled from Benzinga Pro data, China Automotive Systems (NASDAQ: CAAS ) posted Q2 earnings of $9.94 million, an increase from Q1 of 6567.79%. Sales dropped to $127.16 million, a 6.77% decrease between quarters. In Q1, China Automotive Systems brought in $136.40 million in sales but only earned $149 thousand. Why Is ROCE Significant? 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 … Full story available on Benzinga.com
Looking Into China Automotive Systems''s Return On Capital Employed
Pulled from Benzinga Pro data, China Automotive Systems (NASDAQ: CAAS ) posted Q2 earnings of $9.94 million, an increase from Q1 of 6567.79%. Sales dropped to $127.16 million, a 6.77% decrease between quarters. In Q1, China Automotive Systems brought in $136.40 million in sales but only earned $149 thousand. Why Is ROCE Significant? 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 … Full story available on Benzinga.com