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Stock impact report

Tecnoglass (NYSE:TGLS) Is Very Good At Capital Allocation [Yahoo! Finance]

Tecnoglass Inc. Ordinary Shares (TGLS) 
Last tecnoglass inc. ordinary shares earnings: 3/2 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.tecnoglass.com
Company Research Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, 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 Tecnoglass NYSE:TGLS ) looks great, so lets see what the trend can tell us. 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. To calculate this metric for Tecnoglass, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.29 = US$215m ÷ (US$996m - US$247m) (Based on the trailing twelve months to September 2024) Thus, Tecnoglass has an ROCE of 29%. That's a fantastic return and not only that, it outpaces the average of 15% earned by companies in a similar industry. Check out our latest analysis Show less Read more
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