Cineverse's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Cineverse (NASDAQ:CNVS) reported Q4 sales of $12.55 million, down from $27.88 million in Q3, and a loss of $3.07 million compared to earnings of $5.02 million in Q3. The company's Return on Capital Employed (ROCE) was -0.08%, suggesting ineffective capital allocation. Q4 earnings per share were $-0.35, missing analyst predictions of $0.0.
June 30, 2023 | 2:45 pm
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NEGATIVE IMPACT
Cineverse's Q4 results show a decline in sales and earnings, with a negative ROCE suggesting ineffective capital allocation. The company also missed analyst EPS predictions.
Cineverse's Q4 results show a significant decline in sales and earnings, which is likely to negatively impact investor sentiment. The negative ROCE suggests that the company is not effectively allocating its capital, which could lead to further financial difficulties. Additionally, the company's failure to meet analyst EPS predictions could further dampen investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100