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Enova International's Return On Capital Employed Overview

By Benzinga Insights

According to Benzinga Pro, during Q1, Enova International (NYSE:ENVA) earned $52.44 million, a 7.6% increase from the preceding quarter. Enova International also posted a total of $385.73 million in sales, a 6.08% increase since Q4. Enova International earned $48.74 million, and sales totaled $363.61 million in Q4.

What Is ROCE?

Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q1, Enova International posted an ROCE of 0.05%.

Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future.

ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Enova International is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth.

For Enova International, the positive return on capital employed ratio of 0.05% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.

Upcoming Earnings Estimate

Enova International reported Q1 earnings per share at $1.67/share, which beat analyst predictions of $1.57/share.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Dive Deeper:
Viant Technology's Return On Capital Employed Overview
Benzinga Pro data, Viant Technology (NASDAQ:DSP) reported Q1 sales of $42.63 million. Earnings fell to a loss of $13.56 million,…
Krispy Kreme's Return On Capital Employed Overview
According to Benzinga Pro, during Q1, Krispy Kreme (NASDAQ:DNUT) earned $6.46 million, a 50.78% increase from the preceding quarter. Krispy…
LGI Homes's Return On Capital Employed Overview
Pulled from Benzinga Pro data, LGI Homes (NASDAQ:LGIH) posted Q1 earnings of $78.69 million, an increase from Q4 of 29.3%.…
PTC Therapeutics's Return On Capital Employed Overview
According to data from Benzinga Pro, during Q1, PTC Therapeutics's (NASDAQ:PTCT) reported sales totaled $148.74 million. Despite a 11.54% increase…
One subscription that gives you access to news from hundreds of sites
Resideo Technologies's Return On Capital Employed Overview
According to Benzinga Pro, during Q1, Resideo Technologies (NYSE:REZI) earned $87.00 million, a 29.85% increase from the preceding quarter. Resideo…
USA Compression Partners's Return On Capital Employed Overview
According to Benzinga Pro, during Q1, USA Compression Partners (NYSE:USAC) earned $3.25 million, a 4.8% increase from the preceding quarter.…
Get all your news in one place