Greenland Technologies Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Greenland Technologies (NASDAQ:GTEC) reported Q1 earnings of $2.46 million, a 416.94% increase from the previous quarter, and sales of $22.15 million, a 15.76% increase since Q4. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation.
May 25, 2023 | 3:00 pm
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Greenland Technologies' Q1 earnings show significant growth and a positive ROCE of 0.03%, indicating effective capital allocation.
Greenland Technologies reported a significant increase in Q1 earnings and sales, as well as a positive ROCE of 0.03%. This suggests that the company is effectively allocating capital, which is a positive indicator for future growth and long-term returns. As a result, the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100