Looking Into Itron's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Itron reported Q1 sales of $494.62 million and a loss of $12.04 million, resulting in a 154.84% decrease from last quarter. The company posted a negative Return on Capital Employed (ROCE) of -0.01%, suggesting inefficient capital allocation.
May 18, 2023 | 2:47 pm
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NEGATIVE IMPACT
Itron's Q1 sales were $494.62 million with a loss of $12.04 million, and a negative ROCE of -0.01% indicates inefficient capital allocation.
Itron's Q1 results show a significant decrease in earnings and a negative ROCE, which suggests that the company is not effectively allocating its capital. This could negatively impact the stock price in the short term as investors may perceive the company as less efficient and less likely to achieve favorable long-term returns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100