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Returns on Capital Paint A Bright Future For Papa John's International (NASDAQ:PZZA)

Returns on Capital Paint A Bright Future For Papa John's International (NASDAQ:PZZA)

資本回報預示着棒約翰國際(納斯達克:PZZA)的輝煌明天
Simply Wall St ·  11/12 19:32

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Papa John's International's (NASDAQ:PZZA) returns on capital, so let's have a look.

你知道有一些財務指標可以提供潛在多倍收益的線索嗎?除了其他因素,我們希望看到兩個方面;首先,是資本收益率(ROCE)的增長,其次是公司使用的資本總額的擴大。最終,這表明這是一個以不斷增加的回報率再投資利潤的業務。說到這一點,我們注意到棒約翰國際公司(納斯達克:PZZA)在資本收益率方面發生了一些重大變化,所以讓我們來看看。

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 Papa John's International, this is the formula:

爲了澄清,如果你不確定,ROCE 是一個評估公司在其商業中投資資本所賺取的稅前收入(以百分比計)的指標。要計算棒約翰國際公司的這個指標,公式爲:

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)

0.33 = US$197m ÷ (US$861m - US$271m) (Based on the trailing twelve months to September 2024).

0.33 = 19700萬美元 ÷ (86100萬美元 - 271萬美元)(基於截至2024年9月的過去十二個月)。

Therefore, Papa John's International has an ROCE of 33%. That's a fantastic return and not only that, it outpaces the average of 9.1% earned by companies in a similar industry.

因此,棒約翰國際公司的資本收益率爲33%。這是一個絕佳的回報,而且不僅如此,它超出了同類行業公司平均9.1%的收益率。

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NasdaqGS:PZZA Return on Capital Employed November 12th 2024
納斯達克:PZZA 資本使用報酬 2024年11月12日

Above you can see how the current ROCE for Papa John's International 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 Papa John's International for free.

在上面,您可以看到棒約翰國際目前的資本回報率(ROCE)與其過去的資本回報率的比較,但你只能從過去中了解這麼多。如果您願意,可以免費查看覆蓋棒約翰國際的分析師的預測。

What Does the ROCE Trend For Papa John's International Tell Us?

棒約翰國際的ROCE趨勢告訴我們什麼?

Papa John's International's 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 250% 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. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.

棒約翰國際的ROCE增長相當令人印象深刻。通過查看歷史數據,我們可以看到儘管業務中所用的資本保持相對平穩,但過去五年中產生的ROCE增加了250%。基本上,企業從相同數量的資本中獲得了更高的回報,這證明了公司效率的提升。不過,值得深入研究的是,雖然企業效率更高,但這可能也意味着未來內部有機增長的投資領域不足。

What We Can Learn From Papa John's International's ROCE

我們可以從棒約翰國際的ROCE中學到什麼

To sum it up, Papa John's International is collecting higher returns from the same amount of capital, and that's impressive. And given the stock has remained rather flat over the last five years, there might be an opportunity here if other metrics are strong. That being the case, research into the company's current valuation metrics and future prospects seems fitting.

總的來說,棒約翰國際從相同數量的資本中獲得了更高的回報,這令人印象深刻。而考慮到過去五年內該股票的表現相對平穩,如果其他指標表現良好,可能會存在機會。因此,研究該公司的當前估值指標和未來前景是合適的。

If you'd like to know more about Papa John's International, we've spotted 2 warning signs, and 1 of them makes us a bit uncomfortable.

如果您想了解更多關於棒約翰國際的信息,我們發現了2個警告信號,其中1個讓我們有些不安。

High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.

高回報率是強勁表現的關鍵因素,因此請查看我們的免費股票列表,其中列出了盈利能力強、資產負債表堅實的股票。

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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