The Return Trends At Aveanna Healthcare Holdings (NASDAQ:AVAH) Look Promising
The Return Trends At Aveanna Healthcare Holdings (NASDAQ:AVAH) Look Promising
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. So on that note, Aveanna Healthcare Holdings (NASDAQ:AVAH) 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。首先，我們希望看到經過驗證的 返回 關於正在增加的資本使用率（ROCE），其次是擴大 基礎 所用資本的比例。簡而言之，這些類型的企業是複合機器，這意味着他們不斷以更高的回報率對收益進行再投資。因此，就資本回報率趨勢而言，Aveanna Healthcare Holdings（納斯達克股票代碼：AVAH）看起來相當樂觀。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率（ROCE）：這是什麼？
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 Aveanna Healthcare Holdings, 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Aveanna Healthcare Holdings的這一指標，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）
0.091 = US$115m ÷ (US$1.6b - US$382m) (Based on the trailing twelve months to March 2024).
0.091 = 1.15億美元 ÷（16億美元-3.82億美元） （基於截至2024年3月的過去十二個月）。
Therefore, Aveanna Healthcare Holdings has an ROCE of 9.1%. In absolute terms, that's a low return but it's around the Healthcare industry average of 11%.
因此，Aveanna Healthcare Holdings的回報率爲9.1％。從絕對值來看，回報率很低，但約爲醫療保健行業的平均水平11％。
Above you can see how the current ROCE for Aveanna Healthcare Holdings 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 Aveanna Healthcare Holdings .
上面你可以看到Aveanna Healthcare Holdings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。如果你有興趣，可以在我們的Aveanna Healthcare Holdings免費分析師報告中查看分析師的預測。
The Trend Of ROCE
ROCE 的趨勢
Aveanna Healthcare Holdings' ROCE growth is quite impressive. 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 50% 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. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
Aveanna Healthcare Holdings的投資回報增長相當可觀。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50％。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。從這個意義上講，該公司表現良好，值得研究管理團隊對長期增長前景的計劃。
For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. The current liabilities has increased to 23% of total assets, so the business is now more funded by the likes of its suppliers or short-term creditors. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.
但是，記錄在案的是，該公司的流動負債在此期間顯著增加，因此我們將投資回報率的部分增長歸因於此。流動負債已增加到總資產的23％，因此該業務現在更多地由供應商或短期債權人等機構提供資金。值得關注這個問題，因爲隨着流動負債佔總資產的百分比的增加，風險的某些方面也會增加。
The Key Takeaway
關鍵要點
As discussed above, Aveanna Healthcare Holdings appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Although the company may be facing some issues elsewhere since the stock has plunged 78% in the last three years. In any case, we believe the economic trends of this company are positive and looking into the stock further could prove rewarding.
如上所述，Aveanna Healthcare Holdings似乎越來越擅長創造回報，因爲資本利用率保持平穩，但收益（不計利息和稅收）有所增加。儘管自該股在過去三年中暴跌78％以來，該公司可能在其他地方面臨一些問題。無論如何，我們認爲該公司的經濟趨勢是積極的，進一步研究該股可能會帶來回報。
Aveanna Healthcare Holdings does have some risks, we noticed 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
Aveanna Healthcare Holdings確實存在一些風險，我們注意到兩個警告信號（還有一個不容忽視），我們認爲你應該知道。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想尋找收益豐厚的穩健公司，可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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。
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