Looking Into Qurate Retail's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Qurate Retail (NASDAQ:QRTEA) reported Q1 earnings of $33 million, a 210% increase from Q4, while sales dropped 25.01% to $2.64 billion. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation.
May 19, 2023 | 3:02 pm
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Qurate Retail's Q1 earnings increased 210% to $33 million, with sales dropping 25.01% to $2.64 billion. The company's ROCE of 0.02% indicates effective capital allocation.
Qurate Retail's Q1 earnings increased significantly, and the positive ROCE of 0.02% suggests that the company is allocating its capital effectively. This could lead to higher returns and earnings per share growth in the future, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100