Looking Into Avient's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Avient (NYSE:AVNT) reported a loss in earnings of $20.40 million in Q1, compared to earnings of $544.90 million in Q4. However, sales increased by 7.0% to $845.70 million in Q1. The company posted a Return on Capital Employed (ROCE) of 0.01% in Q1, indicating effective capital allocation. Avient's Q1 earnings per share of $0.63 beat analyst predictions of $0.55.
July 18, 2023 | 2:45 pm
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Avient reported a Q1 loss but an increase in sales and a positive ROCE, indicating effective capital allocation. The company's Q1 earnings per share also beat analyst predictions.
Despite the reported loss, Avient's increase in sales and positive ROCE indicate effective capital allocation, which is a positive sign for the company's future performance. Additionally, the company's Q1 earnings per share beat analyst predictions, which could positively influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100