The Return Trends At RPM International (NYSE:RPM) Look Promising
The Return Trends At RPM International (NYSE:RPM) Look Promising
What are the early trends we should look for to identify a stock that could multiply in value over the long term? 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. Speaking of which, we noticed some great changes in RPM International's (NYSE:RPM) returns on capital, so let's have a look.
我們應該尋找哪些早期趨勢,以識別未來可能增值的股票?首先,我們希望看到資本僱用回報率(ROCE)增長,其次,資本僱用基數擴大。簡單來說,這些類型的企業是複利機器,意味着它們不斷以越來越高的回報率再投資其收益。說到這一點,我們注意到RPm International(紐交所:rpm international)的資本回報率出現了一些很大變化,讓我們來看看。
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。
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for RPM International:
對於不確定ROCE是什麼的人,它衡量公司從業務中使用的資本能夠產生多少稅前利潤。分析師使用這個公式來計算RPm International的ROCE:
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)
0.17 = US$901m ÷ (US$6.6b - US$1.3b) (Based on the trailing twelve months to August 2024).
0.17 = 90100萬美元 ÷ (66億美元 - 13億美元)(基於截至2024年8月的過去十二個月)。
Therefore, RPM International has an ROCE of 17%. On its own, that's a standard return, however it's much better than the 8.5% generated by the Chemicals industry.
因此,RPm International的ROCE爲17%。獨立看來,這是一個標準回報,但遠高於化學品行業8.5%的回報。
In the above chart we have measured RPM International's 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 RPM International for free.
在上面的圖表中,我們已經測量了rpm國際公司以往的ROCE與其以前的表現,但未來可以說更爲重要。如果您願意,您可以免費查看覆蓋rpm國際公司的分析師的預測。
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。
The trends we've noticed at RPM International are quite reassuring. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 17%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 31%. So we're very much inspired by what we're seeing at RPM International thanks to its ability to profitably reinvest capital.
我們在rpm國際公司注意到的趨勢相當令人放心。數據顯示,在過去五年中,資本利用率產生的回報大幅增長至17%。該公司有效地使每美元資本產生更多的利潤,值得注意的是,資本總額也增加了31%。因此,我們非常受到rpm國際公司的啓發,因爲其具有盈利再投資資本的能力。
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。
To sum it up, RPM International has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 97% return over the last five years. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
總的來說,rpm國際公司已經證明其可以重新投資業務並在投入的資本上獲得更高的回報,這是極好的。投資者似乎期望今後會有更多這樣的情況發生,因爲在過去五年裏,這支股票爲股東帶來了97%的回報。話雖如此,我們仍然認爲具有前景的基本面意味着公司值得進行進一步的盡職調查。
If you'd like to know about the risks facing RPM International, we've discovered 2 warning signs that you should be aware of.
如果您想了解rpm國際公司面臨的風險,我們發現了兩個警示信號,您應該注意。
While RPM International may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
雖然rpm國際公司目前可能並非獲得最高回報的公司,但我們已經整理了一份目前股本收益超過25%的公司名單。請在此免費列表中查看。
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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。