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Returns On Capital Are Showing Encouraging Signs At Jacobs Solutions (NYSE:J)

Returns On Capital Are Showing Encouraging Signs At Jacobs Solutions (NYSE:J)

Jacobs Solutions(紐約證券交易所代碼:J)的資本回報率顯示出令人鼓舞的跡象
Simply Wall St ·  05/29 22:01

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at Jacobs Solutions (NYSE:J) so let's look a bit deeper.

要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?通常,我們希望注意到增長的趨勢 返回 在資本使用率(ROCE)方面,除此之外,還在擴大 基礎 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。考慮到這一點,我們注意到Jacobs Solutions(紐約證券交易所代碼:J)的一些令人鼓舞的趨勢,所以讓我們更深入地了解一下。

Understanding Return On Capital Employed (ROCE)

了解資本使用回報率 (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 Jacobs Solutions, this is the formula:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。要計算 Jacobs Solutions 的此指標,公式如下:

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)

0.11 = US$1.1b ÷ (US$15b - US$4.3b) (Based on the trailing twelve months to March 2024).

0.11 = 11億美元 ÷(150億美元-43億美元) (基於截至2024年3月的過去十二個月)

Thus, Jacobs Solutions has an ROCE of 11%. In absolute terms, that's a pretty standard return but compared to the Professional Services industry average it falls behind.

因此,雅各布斯解決方案的投資回報率爲11%。從絕對值來看,這是一個相當標準的回報,但與專業服務行業的平均水平相比,它落後了。

roce
NYSE:J Return on Capital Employed May 29th 2024
紐約證券交易所:J 2024年5月29日動用資本回報率

In the above chart we have measured Jacobs Solutions' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Jacobs Solutions for free.

在上圖中,我們將Jacobs Solutions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。如果你願意,你可以免費查看分析師對Jacobs Solutions的預測。

What The Trend Of ROCE Can Tell Us

ROCE 的趨勢能告訴我們什麼

Jacobs Solutions has not disappointed with their ROCE growth. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 35% over the last five years. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. 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.

雅各布斯解決方案對其投資回報率的增長並不令人失望。從數據來看,我們可以看到,儘管該業務中使用的資本保持相對平穩,但在過去五年中,產生的投資回報率增長了35%。基本上,該業務正在從相同數量的資本中獲得更高的回報,這證明了公司的效率有所提高。但是,值得更深入地研究這個問題,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。

Our Take On Jacobs Solutions' ROCE

我們對雅各布斯解決方案投資回報率的看法

To sum it up, Jacobs Solutions is collecting higher returns from the same amount of capital, and that's impressive. And with a respectable 81% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.

總而言之,Jacobs Solutions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。而且,在過去五年中持有該股票的人將獲得可觀的81%的獎勵,你可以說這些發展已開始得到應有的關注。因此,鑑於該股已證明其趨勢令人鼓舞,值得進一步研究該公司,看看這些趨勢是否可能持續下去。

While Jacobs Solutions looks impressive, no company is worth an infinite price. The intrinsic value infographic for J helps visualize whether it is currently trading for a fair price.

儘管Jacobs Solutions看起來令人印象深刻,但沒有哪家公司值得付出無限的代價。J 的內在價值信息圖有助於可視化其當前是否以公平的價格進行交易。

While Jacobs Solutions isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

儘管Jacobs Solutions的回報率並不高,但請查看這份免費的股票回報率高、資產負債表穩健的公司名單。

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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