![]() offshore wind farm with Carver Sand & Gravel LLC (“Carver”), a U.S. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.HOUSTON, J(GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today the signing of the first ever subcontract for procurement of rock for a U.S. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 197% over the last five years. Great Lakes Dredge & Dock is showing promise given that its ROCE is trending up and to the right. What Can We Tell From Great Lakes Dredge & Dock's ROCE Trend? If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company. ![]() In the above chart we have measured Great Lakes Dredge & Dock's prior ROCE against its prior performance, but the future is arguably more important. NasdaqGS:GLDD Return on Capital Employed September 17th 2021 On its own, that's a low figure but it's around the 9.7% average generated by the Construction industry. So, Great Lakes Dredge & Dock has an ROCE of 8.9%. Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)Ġ.089 = US$70m ÷ (US$950m - US$160m) (Based on the trailing twelve months to June 2021).
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