Looking Into ABM Indus's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
ABM Industries (NYSE:ABM) reported a 34.81% increase in earnings to $51.90 million in Q2, while sales decreased by 0.37% to $1.98 billion. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation.
June 07, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ABM Industries reported a 34.81% increase in Q2 earnings and a 0.37% decrease in sales. The company's ROCE of 0.03% indicates effective capital allocation.
ABM Industries reported a significant increase in earnings and a slight decrease in sales. The positive ROCE of 0.03% suggests that the company is allocating its capital effectively, which is a positive indicator for future growth and long-term returns. This could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100