Return On Capital Employed Overview: RGC Resources
Looking at Q2, RGC Resources (NASDAQ: RGCO ) earned $7.10 million, a 27.2% increase from the preceding quarter. RGC Resources also posted a total of $28.25 million in sales, a 44.77% increase since Q1. RGC Resources earned $5.58 million, and sales totaled $19.52 million in Q1. Why ROCE Is Significant Changes in earnings and sales indicate shifts in RGC Resources''s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a Full story available on Benzinga.com
Return On Capital Employed Overview: RGC Resources
Looking at Q2, RGC Resources (NASDAQ: RGCO ) earned $7.10 million, a 27.2% increase from the preceding quarter. RGC Resources also posted a total of $28.25 million in sales, a 44.77% increase since Q1. RGC Resources earned $5.58 million, and sales totaled $19.52 million in Q1. Why ROCE Is Significant Changes in earnings and sales indicate shifts in RGC Resources''s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a Full story available on Benzinga.com