ScanSource's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
ScanSource (NASDAQ:SCSC) reported Q3 earnings of $21.22 million, a 17.54% increase from Q2, while sales dropped 12.41% to $885.52 million. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation.
May 24, 2023 | 2:51 pm
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ScanSource's Q3 earnings increased by 17.54% to $21.22 million, while sales dropped 12.41% to $885.52 million. The company's ROCE of 0.02% indicates effective capital allocation.
ScanSource's Q3 earnings increased by 17.54% and the company posted a positive ROCE of 0.02%, which suggests effective capital allocation. This is a positive indicator for the company's future performance and could lead to higher returns and earnings per share growth. Therefore, the short-term impact on the stock price is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100