Tessco Technologies's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Tessco Technologies (NASDAQ:TESS) reported Q4 sales of $104.20 million and a loss of $5.64 million, with a negative ROCE of -0.08%. This suggests that the company may not be effectively allocating its capital.
May 29, 2023 | 2:47 pm
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Tessco Technologies reported a Q4 loss of $5.64 million and a negative ROCE of -0.08%, suggesting potential inefficiency in capital allocation.
Tessco Technologies reported a loss in Q4 and a negative ROCE, which indicates that the company may not be effectively allocating its capital. This could negatively impact the stock price in the short term as investors may perceive the company as less efficient and less likely to achieve favorable long-term returns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100