Limoneira's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Limoneira (NASDAQ:LMNR) reported Q2 sales of $48.07 million and a loss of $1.63 million, a 110.49% decrease from last quarter. The company posted a negative Return on Capital Employed (ROCE) of -0.01%, suggesting inefficient capital allocation.
June 07, 2023 | 2:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Limoneira reported Q2 sales of $48.07 million and a loss of $1.63 million. The negative ROCE of -0.01% suggests inefficient capital allocation.
Limoneira's Q2 sales increased compared to Q1, but earnings fell to a loss of $1.63 million. The negative ROCE of -0.01% indicates that the company is not effectively allocating its capital, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100