Allstate (NYSE:ALL) showed a loss in earnings since Q4, totaling $3.12 billion. Sales, on the other hand, increased by 13.46% to $9.77 billion during Q1. .
Looking at Q1, BorgWarner (NYSE:BWA) earned $414.00 million, a 84.0% increase from the preceding quarter. BorgWarner also posted a total of $4.01 billion in .
In Q1, Uber Technologies (NYSE:UBER) posted sales of $2.90 billion. Earnings were up 73.77%, but Uber Technologies still reported an overall loss of $1.52 .
WRKCo (NYSE:WRK) showed a loss in earnings since Q1, totaling $232.40 million. Sales, on the other hand, increased by 0.82% to $4.44 billion during Q2. In .
What Is ROCE?
Changes in earnings and sales indicate shifts in Progressive s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q1, Progressive posted an ROCE of 0.11%.
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.