We Like These Underlying Return On Capital Trends At Amkor Technology (NASDAQ:AMKR)
We Like These Underlying Return On Capital Trends At Amkor Technology (NASDAQ:AMKR)
0.089 = US$479m ÷ (US$6.9b - US$1.5b) There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at Amkor Technology (NASDAQ:AMKR) so let's look a bit deeper.
如果我們想要找到下一個multi-bagger，有一些關鍵趨勢是需要注意的。 首先，我們希望看到資本利用回報率（ROCE）在增長，其次，資本利用基礎在擴大。 如果您看到這一點，通常意味着這是一家擁有出色商業模式和許多有利可圖的再投資機會的公司。鑑於此，我們注意到了艾馬克技術（NASDAQ:AMKR）一些令人期待的趨勢，所以讓我們深入了解一下。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法：正如我們上面看到的，Enphase Energy 的資本回報率沒有提高，但它正在重新投資於業務。投資者必須認爲未來會有更好的前景，因爲股票表現良好，使持股五年以上的股東獲得了 690% 的收益。最終，如果基本趨勢持續存在，我們不會對它成爲一隻多頭股持有期很久很有信心。
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 Amkor Technology, this is the formula:
對於那些不了解的人，ROCE是衡量公司每年稅前利潤（其回報）與業務中資本利用的比例。爲了計算這個指標對於Amkor Technology，這是公式：
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。
0.089 = US$479m ÷ (US$6.9b - US$1.5b) (Based on the trailing twelve months to June 2024).
0.089 = US$47900萬 ÷ （US$69億 - US$1.5b）（基於2024年6月以來的過去十二個月）。
Therefore, Amkor Technology has an ROCE of 8.9%. Even though it's in line with the industry average of 8.9%, it's still a low return by itself.
因此，艾馬克技術的ROCE爲8.9%。儘管與行業平均值8.9%持平，但單獨來看仍然是較低的回報。
Above you can see how the current ROCE for Amkor Technology compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Amkor Technology for free.
在上面，您可以看到艾馬克技術目前的資本回報率與之前的資本回報率相比，但是從過去中能了解的信息有限。如果您願意，您可以免費查看覆蓋艾馬克技術的分析師的預測。
How Are Returns Trending?
綜合上述，Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定，如果其他指標也不錯，則可能存在機會。因此，進一步研究這家公司並確定這些趨勢是否會持續是合理的。
We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. Over the last five years, returns on capital employed have risen substantially to 8.9%. Basically the business is earning more per dollar of capital invested and in addition to that, 64% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我們很高興看到資本回報率正朝着正確的方向發展，即使目前仍然較低。在過去五年裏，資本回報率大幅上升至8.9%。基本上，公司每投資一美元就賺取更多，而且現在正在使用的資本也增加了64%。在投入越來越多的資本上獲得不斷增長的回報是多倍增長股票常見的現象，這也是我們對其印象深刻的原因。
Our Take On Amkor Technology's ROCE
我們對艾馬克技術的資本回報率看法
In summary, it's great to see that Amkor Technology can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. Since the stock has returned a staggering 225% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
總的來說，很高興看到艾馬克技術能夠通過持續以遞增的回報率再投資資本來實現複合回報，因爲這些是備受追捧的多倍增長股票的關鍵要素之一。由於該股票在過去五年裏給股東帶來了令人震驚的225%的回報，看起來投資者正認識到這些變化。因此，我們認爲檢查這些趨勢是否會持續值得一試。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for AMKR on our platform that is definitely worth checking out.
在資本回報率的另一方面，我們必須考慮估值。這就是爲什麼我們在平台上爲AMKR提供了免費的內在價值估算報告，絕對值得一看。
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.
如果您想尋找財務狀況良好、回報卓越的實力強企業，可以免費查看以下公司列表。
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。
