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There's Been No Shortage Of Growth Recently For Barrett Business Services' (NASDAQ:BBSI) Returns On Capital

There's Been No Shortage Of Growth Recently For Barrett Business Services' (NASDAQ:BBSI) Returns On Capital

最近,barrett business services (納斯達克:BBSI) 的資本回報率一直保持增長態勢。
Simply Wall St ·  11/07 20:41

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at Barrett Business Services (NASDAQ:BBSI) and its trend of ROCE, we really liked what we saw.

如果我們想要找到可以在長期內增值的股票,我們應該關注哪些趨勢呢? 在完美的世界裏,我們希望看到一家公司將更多資本投入到業務中,而且最好是從那些資本中獲得的回報也在增加。 如果你看到這一點,通常意味着這是一家擁有出色業務模式和許多有利可圖的再投資機會的公司。 所以當我們觀察Barrett Business Services(納斯達克:BBSI)及其ROCE的趨勢時,我們真的很喜歡我們看到的情況。

Return On Capital Employed (ROCE): What Is It?

資本利用率(ROCE)是什麼?

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. To calculate this metric for Barrett Business Services, this is the formula:

只是爲了澄清,如果您不確定,ROCE是評估一家公司在其業務中投入的資本上賺取多少稅前收入(以百分比表示)的指標。 要爲Barrett Business Services計算這個指標,這是公式:

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

資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)

0.16 = US$56m ÷ (US$689m - US$333m) (Based on the trailing twelve months to June 2024).

0.16 = 5600萬美元 ÷ (68900萬美元 - 3.33億美元)(基於截至2024年6月的過去十二個月)。

Thus, Barrett Business Services has an ROCE of 16%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Professional Services industry average of 14%.

因此,Barrett Business Services的ROCE爲16%。 就絕對值而言,這是一個相當正常的回報,與專業服務行業板塊的平均14%相當接近。

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NasdaqGS:BBSI Return on Capital Employed November 7th 2024
NasdaqGS:BBSI資本使用回報率2024年11月7日

In the above chart we have measured Barrett Business Services' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Barrett Business Services .

在上面的圖表中,我們已經衡量了barrett business services之前的ROCE與其之前的表現,但未來可能更重要。如果您感興趣,您可以查看我們免費的barrett business services分析師報告中的分析師預測。

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 pretty happy with how the ROCE has been trending at Barrett Business Services. We found that the returns on capital employed over the last five years have risen by 57%. That's a very favorable trend because this means that the company is earning more per dollar of capital that's being employed. Speaking of capital employed, the company is actually utilizing 27% less than it was five years ago, which can be indicative of a business that's improving its efficiency. A business that's shrinking its asset base like this isn't usually typical of a soon to be multi-bagger company.

我們對barrett business services的ROCE趨勢感到非常滿意。我們發現過去五年資本利用回報率增長了57%。這是一個非常有利的趨勢,因爲這意味着公司在使用的每一美元資本中賺取的更多。說到資本利用,事實上,公司實際上比五年前利用的資本少了27%,這表明公司正在提高效率。像這樣縮減資產基礎的業務通常不是即將成爲多倍賺家公司的典型做法。

Another thing to note, Barrett Business Services has a high ratio of current liabilities to total assets of 48%. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.

另一個需要注意的事項是,barrett business services目前的流動負債與總資產之比高達48%。這可能會帶來一些風險,因爲公司基本上是在與供應商或其他類型的短期債權人有相當大的依賴。理想情況下,我們希望看到這種比例降低,因爲這意味着承擔風險的義務會減少。

In Conclusion...

最後,同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好,因此投資者不太可能表現友好。自五年前以來,該股下跌了32%。除非這些指標朝着更積極的軌跡轉變,否則我們將繼續尋找其他股票。

In the end, Barrett Business Services has proven it's capital allocation skills are good with those higher returns from less amount of capital. Since the stock has returned a solid 92% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.

最終,barrett business services已經證明其資本配置技能良好,能夠以較少資本獲得更高回報。由於該股票在過去五年爲股東帶來了92%的可觀回報,可以說投資者開始意識到這些變化。因此,我們認爲值得您花時間檢查這些趨勢是否會持續。

Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Barrett Business Services (of which 1 makes us a bit uncomfortable!) that you should know about.

由於幾乎每家公司都面臨一些風險,了解這些風險是值得的,我們已經發現了一些有關barrett business services的2個警告信號(其中有1個讓我們感到有些不舒服!),這是您應該知道的。

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.

對於喜歡投資穩健公司的人,請查看這份具有穩健資產負債表和高權益回報的公司免費列表。

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.

對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

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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