100s of titles, one news app for just $10 a month.
Dive Deeper:
Looking Into AppHarvest's Return On Invested Capital
According to data from Benzinga Pro, during Q1, AppHarvest's (NASDAQ:APPH) reported sales totaled $5.16 million. Despite a 65.34% increase in…
Looking Into Pros Holdings's Return On Invested Capital
Pros Holdings (NYSE:PRO) brought in sales totaling $66.49 million during Q1 according to data provided by Benzinga Pro. However, earnings…
Looking Into TuSimple Hldgs's Return On Invested Capital
According to Benzinga Pro data, during Q1, TuSimple Hldgs (NASDAQ:TSP) posted sales of $2.26 million. Earnings were up 3.11%, but…
Looking Into Huron Consulting Group's Return On Invested Capital
According to Benzinga Pro data Huron Consulting Group (NASDAQ:HURN) posted a 13.54% decrease in earnings from Q4. Sales, however, increased…
One subscription that gives you access to news from hundreds of sites
Unitil's Return on Invested Capital Overview
According to Benzinga Pro, during Q1, Unitil (NYSE:UTL) earned $21.50 million, a 48.28% increase from the preceding quarter. Unitil also…
Denny's's Return on Invested Capital Insights
Pulled from Benzinga Pro data, Denny's (NASDAQ:DENN) posted Q1 earnings of $21.86 million, an increase from Q4 of 49.71%. Sales…
Get all your news in one place
Latest Business news:
Fraud alert! AI identifies the four stages of a scam phone call
Australian researchers have used machine learning techniques to identify the typical four stages of fraudulent money-taking phone calls.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
The Stats Guy: What does tourism in Australia look like now that travellers are returning?
The tourism sector is preparing for a comeback. So, what is the state of play in the sector and what…
Mining companies back away from Brazil's Indigenous areas
Some of the world’s biggest mining companies have withdrawn requests to research and extract minerals on Indigenous land in Brazil’s…
Yellen's global tax plan meets resistance abroad and at home
Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a…
‘The rich have got much richer’: why art sale prices are going through the roof
Auction houses are recording a boom in sales after a return to pre-pandemic levels of supplies of works
From analysis to good news, read the world’s best news in one place
Japan, Europe tread different paths as G7 warns of inflation risks
Having long trod a similar path in tackling low inflation, Japan and Europe now appear to be taking contrasting approaches…
Just 10 weeks’ worth of wheat in global stockpile, UN warned
The world has only 10 weeks’ worth of wheat stockpiled after Vladimir Putin’s invasion of Ukraine disrupted supplies from the…

Looking Into Onto Innovation's Return On Invested Capital

By Benzinga Insights

According to Benzinga Pro, during Q1, Onto Innovation (NYSE:ONTO) earned $53.33 million, a 14.11% increase from the preceding quarter. Onto Innovation also posted a total of $241.35 million in sales, a 6.96% increase since Q4. Onto Innovation earned $46.74 million, and sales totaled $225.64 million in Q4.

What Is Return On Invested Capital?

Return on Invested Capital is a measure of yearly pre-tax profit relative to capital invested by a business. Changes in earnings and sales indicate shifts in a company's ROIC. A higher ROIC 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 ROIC suggests the opposite. In Q1, Onto Innovation posted an ROIC of 3.99%.

Keep in mind, while ROIC 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.

Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q1, Onto Innovation posted an ROIC of 3.99%.

It is important to keep in mind that ROIC evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future.

For Onto Innovation, the positive return on invested capital ratio of 3.99% 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

Onto Innovation reported Q1 earnings per share at $1.31/share, which beat analyst predictions of $1.17/share.

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

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Looking Into AppHarvest's Return On Invested Capital
According to data from Benzinga Pro, during Q1, AppHarvest's (NASDAQ:APPH) reported sales totaled $5.16 million. Despite a 65.34% increase in…
Looking Into Pros Holdings's Return On Invested Capital
Pros Holdings (NYSE:PRO) brought in sales totaling $66.49 million during Q1 according to data provided by Benzinga Pro. However, earnings…
Looking Into TuSimple Hldgs's Return On Invested Capital
According to Benzinga Pro data, during Q1, TuSimple Hldgs (NASDAQ:TSP) posted sales of $2.26 million. Earnings were up 3.11%, but…
Looking Into Huron Consulting Group's Return On Invested Capital
According to Benzinga Pro data Huron Consulting Group (NASDAQ:HURN) posted a 13.54% decrease in earnings from Q4. Sales, however, increased…
One subscription that gives you access to news from hundreds of sites
Unitil's Return on Invested Capital Overview
According to Benzinga Pro, during Q1, Unitil (NYSE:UTL) earned $21.50 million, a 48.28% increase from the preceding quarter. Unitil also…
Denny's's Return on Invested Capital Insights
Pulled from Benzinga Pro data, Denny's (NASDAQ:DENN) posted Q1 earnings of $21.86 million, an increase from Q4 of 49.71%. Sales…
Get all your news in one place