Looking Into Analog Devices's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) reported a 1.68% increase in earnings to $977.66 million and a 0.4% increase in sales to $3.26 billion during Q2. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation.
May 25, 2023 | 3:02 pm
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Analog Devices reported Q2 earnings of $977.66 million, a 1.68% increase, and sales of $3.26 billion, a 0.4% increase. The company's ROCE of 0.03% indicates effective capital allocation.
Analog Devices' Q2 earnings and sales growth, along with a positive ROCE of 0.03%, indicate effective capital allocation by the company. 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