The Return Trends At Hertz Global Holdings (NASDAQ:HTZ) Look Promising
The Return Trends At Hertz Global Holdings (NASDAQ:HTZ) Look Promising
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, Hertz Global Holdings (NASDAQ:HTZ) looks quite promising in regards to its trends of return on capital.
如果我們想確定下一個多功能裝袋機，有一些關鍵趨勢需要關注。理想情況下，企業將表現出兩種趨勢；首先是增長 返回 論資本使用率（ROCE），其次是增加 金額 所用資本的百分比。這向我們表明，它是一臺複合機器，能夠不斷將其收益再投資回業務併產生更高的回報。因此，就這個問題而言， 赫茲環球控股公司 納斯達克股票代碼：HTZ）的資本回報率趨勢看起來相當樂觀。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率（ROCE）：這是甚麼？
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Hertz Global Holdings is:
如果你不確定，可以澄清一下，投資回報率是評估公司從投資於業務的資本中獲得多少稅前收入（按百分比計算）的指標。Hertz Global Holdings的計算公式爲：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用資本回報率 = 利息和稅前收益 (EBIT) ÷（總資產-流動負債）
0.10 = US$2.1b ÷ (US$22b - US$2.3b) (Based on the trailing twelve months to December 2022).
0.10 = 21 億美元 ≥（220 億美元至 23 億美元） （基於截至2022年12月的過去十二個月）。
Therefore, Hertz Global Holdings has an ROCE of 10%. In isolation, that's a pretty standard return but against the Transportation industry average of 14%, it's not as good.
因此， 赫茲環球控股的投資回報率爲10％。 孤立地講，這是一個相當標準的回報，但與運輸行業的平均水平14％相比，卻沒有那麼好。
See our latest analysis for Hertz Global Holdings
查看我們對赫茲環球控股的最新分析
In the above chart we have measured Hertz Global Holdings' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上圖中，我們將Hertz Global Holdings之前的投資回報率與之前的表現進行了比較，但可以說，未來更爲重要。如果您有興趣，可以在我們的網站上查看分析師的預測 免費的 分析師對公司的預測報告。
So How Is Hertz Global Holdings' ROCE Trending?
那麼 Hertz Global Holdings 的 ROCE 趨勢如何？
Hertz Global Holdings has not disappointed with their ROCE growth. The figures show that over the last five years, ROCE has grown 939% whilst employing roughly the same amount of capital. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.
赫茲環球控股對他們的投資回報率的增長並沒有失望。數字顯示，在過去五年中，ROCE增長了939％，同時使用了大致相同數量的資本。因此，由於使用的資本沒有太大變化，該企業現在很可能正在從過去的投資中獲得全部收益。但是，值得對此進行更深入的研究，因爲儘管提高業務效率是件好事，但這也可能意味着未來缺乏內部投資以實現有機增長的領域。
The Bottom Line
底線
To sum it up, Hertz Global Holdings is collecting higher returns from the same amount of capital, and that's impressive. Astute investors may have an opportunity here because the stock has declined 30% in the last year. With that in mind, we believe the promising trends warrant this stock for further investigation.
總而言之，Hertz Global Holdings正在從相同數量的資本中獲得更高的回報，這令人印象深刻。精明的投資者可能在這裏有機會，因爲該股去年下跌了30％。考慮到這一點，我們認爲令人鼓舞的趨勢值得對該股進行進一步調查。
If you want to know some of the risks facing Hertz Global Holdings we've found 4 warning signs (3 are significant!) that you should be aware of before investing here.
如果你想知道Hertz Global Holdings面臨的一些風險，我們已經發現 4 個警告標誌 （3 很重要！）在這裏投資之前，你應該注意這一點。
While Hertz Global Holdings isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然 Hertz Global Holdings 的回報率不高，但看看這個 免費的 資產負債表穩健且股本回報率高的公司名單。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St 的這篇文章本質上是籠統的。 我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。 它不構成買入或賣出任何股票的建議，也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。簡而言之，華爾街在上述任何股票中都沒有頭寸。
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