Returns on Capital Paint A Bright Future For Installed Building Products (NYSE:IBP)
Returns on Capital Paint A Bright Future For Installed Building Products (NYSE:IBP)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. 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. So when we looked at the ROCE trend of Installed Building Products (NYSE:IBP) we really liked what we saw.
發現一個有潛力大幅增長的業務並不容易，但只要我們查看一些關鍵財務指標是可能的。其中，我們將希望看到兩件事情；首先，資本僱用回報率（ROCE）不斷增長；其次，公司的資本僱用金額不斷擴大。簡而言之，這種類型的企業是複合機器，意味着他們不斷以越來越高的回報率不斷地再投資他們的收益。所以當我們看到Installed Building Products（紐交所：IBP）的ROCE趨勢時，我們真的很喜歡我們所看到的。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較，但過去只能知道這麼多。如果您感興趣，可以查看我們免費的蒙托克可再生能源分析師報告，了解分析師的預測。
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. Analysts use this formula to calculate it for Installed Building Products:
只是爲了澄清，如果您不確定，ROCE是用於評估公司在其業務中投資的資本所賺取的稅前收入百分比指標。分析師使用該公式來計算Installed Building Products的ROCE：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率（ROCE）是指企業利潤，即企業稅前利潤除以企業投入的總資本（負債加股權）。如果ROCE高於企業財務成本的承受能力，那麼企業就會創造出更多的價值。
0.23 = US$390m ÷ (US$2.0b - US$353m) (Based on the trailing twelve months to June 2024).
0.23= 3.9億美元 ÷（20億美元-3.53億美元）（截至2024年6月，最近12個月爲基礎）。
Thus, 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 14%.
因此，Installed Building Products的ROCE爲23%。從絕對值上看，這是一個很不錯的回報，甚至比消費品耐用品行業的平均水平14%更好。
Above you can see how the current ROCE for Installed Building Products compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Installed Building Products .
上面的內容顯示Installed Building Products目前的ROCE與其過去的資本回報相比如何，但是僅從過去的表現中得出的結論是有限的。如果您想了解分析師未來的預測，您應該查看我們爲Installed Building Products提供的免費分析師報告。
The Trend Of ROCE
當尋找下一個倍增器時，如果您不確定從哪裏開始，請關注幾個關鍵趨勢。首先，我們希望看到一個經過驗證的資本使用率。如果您看到這一點，通常意味着這是一家擁有出色業務模式和大量盈利再投資機會的公司。然而，調查蒙托克可再生能源公司（NASDAQ：MNTK）後，我們認爲它的現行趨勢不符合倍增器的模式。
We like the trends that we're seeing from Installed Building Products. The data shows that returns on capital have increased substantially over the last five years to 23%. The amount of capital employed has increased too, by 134%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我們喜歡從Installed Building Products所看到的趨勢。數據顯示，在過去的五年中，資本回報率已經大幅增長到23%。資本僱用的金額也增加了134%。在不斷增長的資本上不斷增加回報是多倍增長股票常見的發現，這就是爲什麼我們印象深刻的原因。
What We Can Learn From Installed Building Products' ROCE
我們從Installed Building Products的ROCE中可以得到什麼啓示
All in all, it's terrific to see that Installed Building Products is reaping the rewards from prior investments and is growing its capital base. Since the stock has returned a staggering 295% to shareholders over the last five years, it looks like investors are recognizing these changes. 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.
總的來說，看到Installed Building Products從先前的投資中獲得回報並增加了其資本基礎真棒。由於該股票在過去的五年中爲股東創造了驚人的295%回報，因此看起來投資者正在認識到這些變化。鑑於此，我們認爲值得進一步研究這個股票，因爲如果Installed Building Products可以保持這些趨勢，它可能會有一個輝煌的明天。
One more thing, we've spotted 2 warning signs facing Installed Building Products that you might find interesting.
還有一件事，我們發現了2個警告信號，這對Installed Building Products可能很有趣。
Installed Building Products is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.
Installed Building Products不是唯一一個賺取高回報的股票。如果您想了解更多信息，請查看我們的免費公司收益率高，基本面穩健的列表。
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.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。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。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。