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Stock impact report

Shareholders Would Enjoy A Repeat Of Tecnoglass' (NYSE:TGLS) Recent Growth In Returns [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
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at the ROCE trend of Tecnoglass NYSE:TGLS ) we really liked what we saw. 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. To calculate this metric for Tecnoglass, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.31 = US$232m ÷ (US$982m - US$236m) (Based on the trailing twelve months to March 2024) Therefore, Tecnoglass has an ROCE of 31%. That's a fantastic return and not only that, it outpaces the average of 17% earned by companies in a similar industry. View our la Show less Read more
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