Returns On Capital Are Showing Encouraging Signs At Fluence Energy (NASDAQ:FLNC)
Returns On Capital Are Showing Encouraging Signs At Fluence Energy (NASDAQ:FLNC)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. 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. 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 Fluence Energy's (NASDAQ:FLNC) returns on capital, so let's have a look.
如果我們想找到一個潛在的多倍收益股票,通常會有一些潛在趨勢可以提供線索。在一個完美的世界裏,我們希望看到一家公司將更多的資本投資於其業務,並且理想情況下,從這些資本中獲得的回報也在增加。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Fluence Energy (納斯達克:FLNC) 的資本回報率發生了一些很好的變化,因此讓我們來看看。
What Is Return On Capital Employed (ROCE)?
什麼是資本回報率(ROCE)?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Fluence Energy:
如果你以前沒有接觸過資本回報率(ROCE),它是衡量一家公司從其資本中獲得的「回報」(稅前利潤)。分析師使用這個公式來計算Fluence Energy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)
0.041 = US$27m ÷ (US$1.9b - US$1.3b) (Based on the trailing twelve months to September 2024).
0.041 = 2700萬美金 ÷ (19億美金 - 13億美金)(基於截至2024年9月的過去十二個月數據)。
Therefore, Fluence Energy has an ROCE of 4.1%. Ultimately, that's a low return and it under-performs the Electrical industry average of 11%.
因此,Fluence Energy的ROCE爲4.1%。最終,這是一項較低的回報,低於電氣行業平均水平的11%。
In the above chart we have measured Fluence Energy's 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 Fluence Energy .
在上述圖表中,我們測量了Fluence Energy之前的ROCE與其之前的表現,但未來顯然更爲重要。如果您感興趣,可以查看我們提供的Fluence Energy的免費的分析師報告。
What Can We Tell From Fluence Energy's ROCE Trend?
我們可以從Fluence Energy的ROCE趨勢中得出什麼結論?
Fluence Energy has recently broken into profitability so their prior investments seem to be paying off. The company was generating losses five years ago, but now it's earning 4.1% which is a sight for sore eyes. Not only that, but the company is utilizing 2,190% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.
Fluence Energy最近實現了盈利,因此他們之前的投資似乎開始見效。五年前,該公司還在虧損,但現在利潤率達到了4.1%,這令人振奮。不僅如此,公司所使用的資金比之前增加了2190%,不過這在致力於實現盈利的公司中是可以預期的。這也表明,內部資本投資機會豐富,且收益率不斷提高,這些都是多重收益股的常見特徵。
On a related note, the company's ratio of current liabilities to total assets has decreased to 66%, which basically reduces it's funding from the likes of short-term creditors or suppliers. This tells us that Fluence Energy has grown its returns without a reliance on increasing their current liabilities, which we're very happy with. Nevertheless, there are some potential risks the company is bearing with current liabilities that high, so just keep that in mind.
相關地,該公司的流動負債與總資產的比率已下降至66%,這基本上減少了它來自短期債權人或供應商的融資。這告訴我們Fluence Energy在未依賴於增加當前負債的情況下提高了回報,我們對此非常滿意。然而,公司目前負債這麼高,存在一些潛在風險,請您注意。
The Bottom Line On Fluence Energy's ROCE
Fluence Energy的ROCE總結
In summary, it's great to see that Fluence Energy has managed to break into profitability and is continuing to reinvest in its business. Given the stock has declined 55% in the last three years, this could be a good investment if the valuation and other metrics are also appealing. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
總之,看到Fluence Energy成功實現盈利並持續再投資於其業務是非常令人欣慰的。考慮到該股票在過去三年中已下跌55%,如果估值和其他指標也令人滿意,這可能是一個好的投資。在這種情況下,研究該公司的當前估值指標和未來前景似乎是合適的。
If you want to continue researching Fluence Energy, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果你想繼續研究Fluence能源,你可能會想知道我們的分析發現的一個警告信號。
While Fluence Energy 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Fluence能源目前可能無法獲得最高的回報,但我們已經彙編了一份當前獲得超過25%股本回報的公司名單。請在這裏查看這個免費名單。
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這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。
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