Looking Into Globalstar's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Globalstar (GSAT) reported Q1 sales of $58.64 million, up 34.77%, but still posted a loss of $3.48 million. The company's Return on Capital Employed (ROCE) was -0.01%, suggesting inefficient capital allocation.
May 19, 2023 | 2:57 pm
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Globalstar's Q1 sales increased, but the company still reported a loss. Its negative ROCE of -0.01% suggests inefficient capital allocation.
Globalstar's Q1 sales increased, but the company still reported a loss, which is a negative sign for investors. Additionally, the negative ROCE of -0.01% indicates that the company is not effectively allocating its capital, which could lead to poor long-term performance and unfavorable returns. This could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100