23andMe Holding's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
23andMe Holding (NASDAQ:ME) reported Q4 sales of $92.38 million, up 30.3% from Q3, but still posted an overall loss of $64.10 million. The company's Return on Capital Employed (ROCE) was -0.09%, suggesting inefficient capital allocation.
May 26, 2023 | 2:54 pm
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23andMe Holding reported increased sales but an overall loss in Q4, with a negative ROCE of -0.09%, indicating inefficient capital allocation.
23andMe Holding reported increased sales in Q4, but still posted an overall loss. The negative ROCE of -0.09% suggests that the company is not effectively allocating its capital, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100