Calavo Growers's Return on Invested Capital Insights
Portfolio Pulse from Benzinga Insights
Calavo Growers (NASDAQ:CVGW) reported Q2 sales of $244.69 million, but earnings decreased 41.68%, resulting in a loss of $3.96 million. The company posted a negative Return on Invested Capital (ROIC) of -1.66%, suggesting inefficient capital allocation.
June 07, 2023 | 2:47 pm
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NEGATIVE IMPACT
Calavo Growers reported a decrease in earnings and a negative ROIC of -1.66% in Q2, suggesting inefficient capital allocation.
Calavo Growers reported a decrease in earnings and a negative ROIC of -1.66% in Q2. This 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