Return On Capital Employed Overview: The Scotts Miracle Gro

The Scotts Miracle Gro (NYSE:SMG) posted Q3 earnings of $302.10 million, an increase from Q2 of 28.77%. dropped to $1.61 billion, a 11.97% decrease between quarters. In Q2, The Scotts Miracle Gro earned $424.10 million, and total sales reached $1.83 billion.

Why ROCE Is Significant

Changes in earnings and indicate shifts in The Scotts Miracle Gro'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 …

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