Cal-Maine Foods Earnings Perspective: Return On Capital Employed
According to Benzinga Pro, during Q1, Cal-Maine Foods (NASDAQ: CALM ) earned $125.13 million, a 13.89% increase from the preceding quarter. Cal-Maine Foods also posted a total of $658.34 million in sales, a 11.03% increase since Q4. In Q4, Cal-Maine Foods earned $109.87 million, and total sales reached $592.96 million. 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 … Full story available on Benzinga.com
Cal-Maine Foods Earnings Perspective: Return On Capital Employed
According to Benzinga Pro, during Q1, Cal-Maine Foods (NASDAQ: CALM ) earned $125.13 million, a 13.89% increase from the preceding quarter. Cal-Maine Foods also posted a total of $658.34 million in sales, a 11.03% increase since Q4. In Q4, Cal-Maine Foods earned $109.87 million, and total sales reached $592.96 million. 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 … Full story available on Benzinga.com