Asana's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Asana reported Q1 sales of $152.41 million, up 35.31% with a loss of $61.47 million. The company posted a negative Return On Capital Employed (ROCE) of -0.18%, suggesting inefficient capital allocation. Asana's Q1 earnings per share beat analyst predictions.
June 02, 2023 | 2:48 pm
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NEUTRAL IMPACT
Asana reported Q1 sales growth and a reduced loss, but a negative ROCE of -0.18% suggests inefficient capital allocation. Q1 earnings per share beat analyst predictions.
Asana's Q1 sales growth and reduced loss are positive signs for the company. However, the negative ROCE of -0.18% suggests that the company may not be effectively allocating its capital, which could impact its long-term success. The Q1 earnings per share beat analyst predictions, which could have a positive short-term impact on the stock price, but the overall impact is neutral due to the negative ROCE.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100