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During Q1, Bed Bath & Beyond's (NASDAQ:BBBY) reported sales totaled $1.31 billion. Despite a 467.6% in earnings, the company posted a loss of $460.93 million. Bed Bath & Beyond collected $3.11 billion in revenue during Q4, but reported earnings showed a $81.21 million loss.
What Is Return On Capital Employed?
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Changes in earnings and sales indicate shifts in Bed Bath & Beyond’s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed in a business. Generally, a higher ROCE suggests successful growth in a company and is a sign of higher earnings per share for shareholders in the future. In Q1, Bed Bath & Beyond posted an ROCE of -0.32%.
It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.
Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders.
In Bed Bath & Beyond's case, the ROCE ratio shows the amount of assets may not be helping the company achieve higher returns. Investors may take this into account before making any long-term financial decisions.
Q1 Earnings Insight
Bed Bath & Beyond reported Q1 earnings per share at $-1.96/share, which did not meet analyst predictions of $-1.22/share.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.