IMAC Holdings Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
IMAC Holdings reported Q1 sales of $2.09 million and a loss of $3.70 million, with a return on capital employed (ROCE) of -3.71%. The negative ROCE suggests that management may not be effectively allocating their capital.
May 25, 2023 | 3:00 pm
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NEGATIVE IMPACT
IMAC Holdings' Q1 results show a negative ROCE of -3.71%, indicating potential inefficiency in capital allocation.
IMAC Holdings reported a negative ROCE of -3.71% in Q1, which suggests that the company may not be effectively allocating its capital. This could lead to lower returns and unfavorable long-term performance, impacting the stock price negatively in the short term.
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