Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
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The devil in the detail at Switzerland’s Kuehne + Nagel at this critical economic juncture is called “return on capital employed” (ROCE).
ROCE indicates the net operating profit after tax that a business generates out of the capital invested in the operations. As you might imagine, surging ROCE drives up shareholder returns.
Aside from K+N’s calculation of this key financial metric – I do not think it is entirely appropriate to use the “last four quarters Ebit (rolling Ebit) divided by the average of the ...
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