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General Motors (NYSE: GM) reported second-quarter earnings of $ 16. 78 billion. Profits fell to a loss of $ 1. 21 billion, resulting in 284. 78% from the last quarter. In the first quarter, General Motors earned $ 657. 00 million and total sales reached $ 32. 71 billion.
What is the return on capital employed?
Changes in revenue and sales involve adjustments in General Motors’ return to workers’ capital, a measure of the annual earnings before tax in relation to the capital spent in a company. consistent rising with consistent gains with consistent percentage for holders of percentages consistent in the future. In the second quarter, General Motors recorded a ROCE of -0. 03%.
It is vital to stay in the brain that ROCE measures beyond functionality and is not used as a predictive tool. This is a smart measure of a company’s recent functionality, however, there are several points that can limit profits and sales in the near future.
See more sources of income at GM
The return on contracted capital is a vital measure of power and a useful tool for comparing companies operating in the same sector. A higher ROCE indicates that a company can generate profits that can be reinvested in more capital, resulting in higher yields and EPS expansion for shareholders. .
For General Motors, the return-to-equity ratio shows that the existing stock of assets might not help the company achieve higher returns, a note that many investors will take into account when making long-term monetary decisions.
Summary of second quarter earnings
General Motors recorded second quarter gains consistent with a consistent percentage of -0. 5$/consistent percentage, which exceeded analysts’ forecast of -1. 77$/consistent percentage.
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