Looking Into Berry Petroleum''s Return On Capital Employed
According to Benzinga Pro, during Q2, Berry Petroleum (NASDAQ: BRY ) earned $43.35 million, a 176.31% increase from the preceding quarter. Berry Petroleum also posted a total of $253.13 million in sales, a 169.05% increase since Q1. Berry Petroleum collected $94.08 million in revenue during Q1, but reported earnings showed a $56.81 million loss. 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 … Full story available on Benzinga.com
Looking Into Berry Petroleum''s Return On Capital Employed
According to Benzinga Pro, during Q2, Berry Petroleum (NASDAQ: BRY ) earned $43.35 million, a 176.31% increase from the preceding quarter. Berry Petroleum also posted a total of $253.13 million in sales, a 169.05% increase since Q1. Berry Petroleum collected $94.08 million in revenue during Q1, but reported earnings showed a $56.81 million loss. 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 … Full story available on Benzinga.com