Returns On Capital Are A Standout For TriNet Group (NYSE:TNET) [Yahoo! Finance]
TriNet Group, Inc. (TNET)
Last trinet group, inc. earnings: 4/28 04:25 pm
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US:NYSE Investor Relations:
investor.trinet.com/investor-relations/default.aspx
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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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in TriNet Group's NYSE:TNET ) returns on capital, so let's have a look. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on TriNet Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.33 = US$409m ÷ (US$3.7b - US$2.5b) (Based on the trailing twelve months to June 2024) Therefore, TriNet Group has an ROCE of 33%. In absolute terms that's a great return and it's even better than the
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TNET
News
- TriNet Group, Inc. (NYSE: TNET) had its price target raised by analysts at TD Cowen from $92.00 to $104.00. They now have a "buy" rating on the stock.MarketBeat
- 401(k) Vs Solo(k) Vs Roth IRA Savings Moves To Make Now Or Later [Forbes]Forbes
- TriNet Releases 2024 Environmental, Social and Governance ReportPR Newswire
- Think Together Appoints John Turner as Chief Revenue Officer to Expand Strategic Partnerships and Drive Growth [Yahoo! Finance]Yahoo! Finance
- TriNet to Participate in Upcoming ConferencesPR Newswire
TNET
Earnings
- 10/25/24 - Beat
TNET
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- TNET's page on the SEC website