Salesforce's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) reported Q1 earnings of $199 million, a 303.06% increase from the previous quarter, while sales decreased by 1.63% to $8.25 billion. The company posted a return on capital employed (ROCE) of 0.0%, indicating effective capital allocation.
June 01, 2023 | 2:46 pm
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Salesforce's Q1 earnings increased by 303.06% to $199 million, while sales decreased by 1.63% to $8.25 billion. The company's ROCE of 0.0% indicates effective capital allocation.
Salesforce's significant increase in earnings and a positive ROCE of 0.0% indicate effective capital allocation, which is a positive sign for the company's future performance. This could lead to higher returns and earnings per share growth, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100