Global Industrial (NYSE:GIC) Is Reinvesting To Multiply In Value [Yahoo! Finance]
Global Industrial Company (GIC)
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, the ROCE of Global Industrial NYSE:GIC ) looks attractive right now, so lets see what the trend of returns can tell us. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Global Industrial is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.27 = US$94m ÷ (US$543m - US$196m) (Based on the trailing twelve months to June 2024) Therefore, Global Industrial has an ROCE of 27%. In absolute terms that's a great return and it's even better than t
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GIC
News
- Q3 Earnings Roundup: WESCO (NYSE:WCC) And The Rest Of The Maintenance and Repair Distributors Segment [Yahoo! Finance]Yahoo! Finance
- Global Industrial to Participate in Upcoming Investor ConferencesAccesswire
- Global Industrial Company Just Missed EPS By 23%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports Third Quarter 2024 Financial Results Accesswire
- Global Industrial (GIC) Reports Earnings Tomorrow: What To Expect [Yahoo! Finance]Yahoo! Finance
GIC
Earnings
- 10/29/24 - Miss
GIC
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 10/30/24 - Form 10-Q
- GIC's page on the SEC website