Carpenter Technology (NYSE:CRS) is showing promising trends in its return on capital employed (ROCE), with a current ROCE of 14%, higher than the industry average of 11%. Over the last five years, the company has seen a 52% increase in ROCE, indicating greater efficiency in generating returns from its capital. Despite relatively flat capital employed, earnings before interest and tax have increased, leading to a 275% return to shareholders over the same period. Investors are recognizing these positive changes and the company’s potential for long-term growth. However, there are 2 warning signs identified with Carpenter Technology that investors should consider. While the stock may not currently offer the highest returns, it is worth further research to determine if these promising trends are likely to continue in the future. This analysis, provided by Simply Wall St, is based on historical data and analyst forecasts, and is not intended as financial advice. Investors should conduct their own due diligence before making investment decisions.
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Carpenter Technology (NYSE: CRS) Sees Increasing Returns Trend
