![]() Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 3 warning signs for Great Lakes Dredge & Dock (of which 2 are a bit unpleasant!) that you should know about. Ultimately, that's a low return and it under-performs the Construction industry average of 8.1%.Ĭheck out our latest analysis for Great Lakes Dredge & Dock Thus, Great Lakes Dredge & Dock has an ROCE of 5.3%. Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)Ġ.053 = US$45m ÷ (US$1.0b - US$147m) (Based on the trailing twelve months to September 2022). ![]() To calculate this metric for Great Lakes Dredge & Dock, this is the formula: Understanding Return On Capital Employed (ROCE)įor 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. So on that note, Great Lakes Dredge & Dock ( NASDAQ:GLDD) looks quite promising in regards to its trends of return on capital. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. ![]() Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. ![]()
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