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Freshpet (NASDAQ:FRPT) Shareholders Will Want The ROCE Trajectory To Continue

Freshpet (NASDAQ:FRPT) Shareholders Will Want The ROCE Trajectory To Continue

Freshpet(納斯達克股票代碼:FRPT)的股東們將希望投資回報率的走勢繼續下去
Simply Wall St ·  05/22 01:10

If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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, Freshpet (NASDAQ:FRPT) looks quite promising in regards to its trends of return on capital.

如果你正在尋找一款多功能裝袋機,有幾件事需要注意。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 所用資本的比例。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資到業務中併產生更高的回報。因此,從這個角度來看,Freshpet(納斯達克股票代碼:FRPT)的資本回報率趨勢看起來相當樂觀。

Understanding Return On Capital Employed (ROCE)

了解資本使用回報率 (ROCE)

If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Freshpet:

如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。分析師使用這個公式來計算 Freshpet 的金額:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)

0.00028 = US$389k ÷ (US$1.5b - US$82m) (Based on the trailing twelve months to March 2024).

0.00028 = 389萬美元 ÷(15億美元-8200萬美元) (基於截至2024年3月的過去十二個月)

Therefore, Freshpet has an ROCE of 0.03%. Ultimately, that's a low return and it under-performs the Food industry average of 11%.

因此,Freshpet的投資回報率爲0.03%。歸根結底,這是一個低迴報,其表現低於食品行業11%的平均水平。

roce
NasdaqGM:FRPT Return on Capital Employed May 21st 2024
納斯達克通用汽車公司:FRPT 2024年5月21日動用資本回報率

Above you can see how the current ROCE for Freshpet compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Freshpet .

上面你可以看到Freshpet當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果您有興趣,可以在我們的免費Freshpet分析師報告中查看分析師的預測。

What The Trend Of ROCE Can Tell Us

ROCE 的趨勢能告訴我們什麼

The fact that Freshpet is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 0.03% which is a sight for sore eyes. Not only that, but the company is utilizing 983% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

Freshpet現在從先前的投資中獲得了一些稅前利潤,這一事實非常令人鼓舞。該公司五年前出現虧損,但現在的收益爲0.03%,這真是令人眼花繚亂。不僅如此,該公司使用的資本比以前增加了983%,對於一家試圖實現盈利的公司來說,這是意料之中的。這可能表明,有很多機會在內部進行資本投資,並以更高的利率進行資本投資,這兩者都是多袋投資者的共同特徵。

In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 5.5%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. So shareholders would be pleased that the growth in returns has mostly come from underlying business performance.

在分析的另一部分中,我們注意到該公司的流動負債佔總資產的比率降至5.5%,這在很大程度上意味着該企業減少了對供應商或短期債權人爲其運營提供資金的依賴。因此,股東們會很高興回報的增長主要來自基礎業務表現。

What We Can Learn From Freshpet's ROCE

我們可以從 Freshpet 的 ROCE 中學到什麼

In summary, it's great to see that Freshpet has managed to break into profitability and is continuing to reinvest in its business. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.

總而言之,很高興看到Freshpet成功實現盈利並繼續對其業務進行再投資。而且,由於該股在過去五年中表現異常出色,投資者正在考慮這些模式。話雖如此,我們仍然認爲前景良好的基本面意味着公司值得進一步的盡職調查。

If you'd like to know about the risks facing Freshpet, we've discovered 1 warning sign that you should be aware of.

如果你想了解Freshpet面臨的風險,我們發現了一個你應該注意的警告信號。

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.

對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本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型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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