We Like Installed Building Products' (NYSE:IBP) Returns And Here's How They're Trending
We Like Installed Building Products' (NYSE:IBP) Returns And Here's How They're Trending
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, the ROCE of Installed Building Products (NYSE:IBP) looks great, so lets see what the trend can tell us.
我们应该寻找哪些早期趋势来确定一只可能长期价值成倍增长的股票？除其他外，我们希望看到两件事；首先，成长 返回 论资本使用率（ROCE），其次是公司的扩张 金额 所用资本的比例。简而言之，这些类型的企业是复合机器，这意味着他们不断以更高的回报率对收益进行再投资。考虑到这一点，建筑安装产品（纽约证券交易所代码：IBP）的投资回报率看起来不错，所以让我们看看这一趋势能告诉我们什么。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率（ROCE）？
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Installed Building Products, this is the formula:
对于那些不知道的人来说，ROCE是衡量公司相对于企业使用的资本的年度税前利润（其回报率）的指标。要计算已安装建筑产品的此指标，公式如下：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥（总资产-流动负债）
0.23 = US$382m ÷ (US$2.0b - US$340m) (Based on the trailing twelve months to March 2024).
0.23 = 3.82亿美元 ÷（20亿美元-3.4亿美元） （基于截至2024年3月的过去十二个月）。
So, Installed Building Products has an ROCE of 23%. In absolute terms that's a great return and it's even better than the Consumer Durables industry average of 15%.
因此，已安装建筑产品的投资回报率为23％。从绝对值来看，这是一个不错的回报，甚至比耐用消费品行业平均水平的15％还要好。
In the above chart we have measured Installed Building Products' 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 analyst report for Installed Building Products .
在上图中，我们将建筑安装产品先前的投资回报率与之前的表现进行了比较，但可以说，未来更为重要。如果您有兴趣，可以在我们的免费已安装建筑产品的分析师报告中查看分析师的预测。
How Are Returns Trending?
退货趋势如何？
The trends we've noticed at Installed Building Products are quite reassuring. Over the last five years, returns on capital employed have risen substantially to 23%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 139%. So we're very much inspired by what we're seeing at Installed Building Products thanks to its ability to profitably reinvest capital.
我们在已安装的建筑产品中注意到的趋势非常令人放心。在过去五年中，已动用资本回报率大幅上升至23％。实际上，该公司每使用1美元资本就能赚更多的钱，值得注意的是，资本金额也增加了139％。因此，我们在已安装的建筑产品中看到的情况给我们带来了极大的启发，这要归功于它能够盈利地进行资本再投资。
What We Can Learn From Installed Building Products' ROCE
我们可以从已安装的建筑产品的投资回报率中学到什么
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Installed Building Products has. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if Installed Building Products can keep these trends up, it could have a bright future ahead.
一家资本回报率不断提高且能够持续对自己进行再投资的公司是一个备受追捧的特征，而这正是安装建筑产品所具有的。而且，由于该股在过去五年中表现异常出色，投资者正在考虑这些模式。有鉴于此，我们认为值得进一步研究这只股票，因为如果建筑装机产品能够保持这些趋势，那么它的前途可能会很光明。
If you want to continue researching Installed Building Products, you might be interested to know about the 2 warning signs that our analysis has discovered.
如果你想继续研究已安装的建筑产品，你可能有兴趣了解我们的分析发现的两个警告信号。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回报是强劲表现的关键因素，因此请查看我们的免费股本回报率高且资产负债表稳健的股票清单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论，我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议，也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意，我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之，华尔街没有持有任何上述股票的头寸。
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