Looking Into Lumentum Holdings's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Lumentum Holdings (NASDAQ:LITE) reported Q3 sales of $383.4 million and a loss of $39.3 million, a 23.97% decrease from last quarter. The company posted a negative Return on Capital Employed (ROCE) of -0.03%, suggesting inefficient capital allocation.
May 24, 2023 | 2:51 pm
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Lumentum Holdings reported a Q3 loss and a negative ROCE of -0.03%, indicating inefficient capital allocation, which may impact the stock price.
Lumentum Holdings reported a loss in Q3 and a negative ROCE of -0.03%, which indicates inefficient capital allocation. This could negatively impact the stock price as investors may perceive the company as not effectively utilizing its capital, leading to lower returns and potentially affecting future earnings per share growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100