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Benzinga
Benzinga
Business
Benzinga Insights

Granite Point Mortgage's Return On Capital Employed Insights

NYSE

According to Benzinga Pro data Granite Point Mortgage (NYSE:GPMT) posted a 37.88% decrease in earnings from Q4. Sales, however, increased by 17.25% over the previous quarter to $23.51 million. Despite the increase in sales this quarter, the decrease in earnings may suggest Granite Point Mortgage is not utilizing their capital as effectively as possible. Granite Point Mortgage reached earnings of $7.46 million and sales of $20.05 million in Q4.

What Is ROCE?

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