GrowGeneration: Return On Capital Employed Insights

Looking at Q2, GrowGeneration (NASDAQ:GRWG) earned $9.61 million, a 24.21% increase from the preceding quarter. GrowGeneration also posted a total of $125.89 million in sales, a 39.84% increase since Q1. In Q1, GrowGeneration earned $7.74 million, whereas sales reached $90.02 million.

Why ROCE Is Significant

Changes in earnings and sales indicate shifts in GrowGeneration'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 …

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