Heska Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Heska (NASDAQ:HSKA) reported Q1 sales of $62.38 million and a loss of $10.12 million, a 139.87% decrease from last quarter. The company posted a negative Return on Capital Employed (ROCE) of -0.02%, suggesting inefficient capital allocation.
May 19, 2023 | 2:59 pm
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NEGATIVE IMPACT
Heska's Q1 sales were $62.38 million with a loss of $10.12 million and a negative ROCE of -0.02%, indicating inefficient capital allocation.
Heska's negative ROCE of -0.02% indicates that the company is not effectively allocating its capital, which could negatively impact its stock price in the short term. Additionally, the company reported a significant decrease in earnings compared to the previous quarter, which may also contribute to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100