The Return Trends At Granite Construction (NYSE:GVA) Look Promising [Yahoo! Finance]
Granite Construction Incorporated (GVA)
Last granite construction incorporated earnings: 10/25 06:55 am
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investor.graniteconstruction.com
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Source: Yahoo! Finance
return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at Granite Construction NYSE:GVA ) so let's look a bit deeper. Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Granite Construction, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.062 = US$116m ÷ (US$2.9b - US$1.0b) (Based on the trailing twelve months to June 2024) Therefore, Granite Construction has an ROCE of 6.2%. In absolute terms, that's a low return and it also under-performs the Construction industry average of 11%. Above you
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GVA
News
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- Fast-paced Momentum Stock Granite Construction (GVA) Is Still Trading at a Bargain [Yahoo! Finance]Yahoo! Finance
- Winners And Losers Of Q2: Granite Construction (NYSE:GVA) Vs The Rest Of The Construction and Maintenance Services Stocks [Yahoo! Finance]Yahoo! Finance
GVA
Earnings
- 8/1/24 - Beat
GVA
Sec Filings
- 9/26/24 - Form SD
- 9/25/24 - Form 4
- 9/16/24 - Form 8-K
- GVA's page on the SEC website