OGE Energy Earnings Perspective: Return On Capital Employed
According to Benzinga Pro data OGE Energy (NYSE: OGE ) posted a 73.85% decrease in earnings from Q1. Sales, however, increased by 36.38% over the previous quarter to $803.70 million. Despite the increase in sales this quarter, the decrease in earnings may suggest OGE Energy is not utilizing their capital as effectively as possible. In Q1, OGE Energy earned $279.50 million and total sales reached $589.30 million. 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 … Full story available on Benzinga.com
OGE Energy Earnings Perspective: Return On Capital Employed
According to Benzinga Pro data OGE Energy (NYSE: OGE ) posted a 73.85% decrease in earnings from Q1. Sales, however, increased by 36.38% over the previous quarter to $803.70 million. Despite the increase in sales this quarter, the decrease in earnings may suggest OGE Energy is not utilizing their capital as effectively as possible. In Q1, OGE Energy earned $279.50 million and total sales reached $589.30 million. 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 … Full story available on Benzinga.com