Genpact's (NYSE:G) Returns Have Hit A Wall
Genpact's (NYSE:G) Returns Have Hit A Wall
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So, when we ran our eye over Genpact's (NYSE:G) trend of ROCE, we liked what we saw.
如果我們想要識別能夠在長期內增值的股票,應該關注哪些趨勢呢?理想情況下,一個企業應該表現出兩個趨勢;首先是資本回報率(ROCE)持續增長,其次是所使用的資本量在增加。最終,這表明這是一個以不斷增長的回報率再投資利潤的企業。因此,當我們查看簡伯特(紐交所:G)的ROCE趨勢時,我們對看到的情況感到滿意。
Understanding Return On Capital Employed (ROCE)
理解已投資資本回報率(ROCE)
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. The formula for this calculation on Genpact is:
對於那些不確定ROCE是什麼的人來說,它衡量的是公司從其經營中所使用資本生成的稅前利潤的數量。對簡伯特的這一計算公式是:
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$670m ÷ (US$5.3b - US$1.3b) (Based on the trailing twelve months to September 2024).
0.17 = US$67000萬 ÷ (US$53億 - US$1.3b)(基於截至2024年9月的過去12個月的數據)。
Thus, Genpact has an ROCE of 17%. That's a relatively normal return on capital, and it's around the 15% generated by the Professional Services industry.
因此,簡伯特的ROCE爲17%。這是一種相對正常的資本回報率,大約與專業服務行業產生的15%相當。

Above you can see how the current ROCE for Genpact compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Genpact .
從上面的數據可以看到,簡伯特當前的資本回報率與之前的資本回報率相比,但從過去的數據中你只能獲取有限的信息。如果你想了解分析師對未來的預測,應該查看我們針對簡伯特的免費分析師報告。
What Can We Tell From Genpact's ROCE Trend?
我們能從簡伯特的資本回報率趨勢中得出什麼?
While the current returns on capital are decent, they haven't changed much. The company has consistently earned 17% for the last five years, and the capital employed within the business has risen 33% in that time. Since 17% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
儘管當前的資本回報率尚可,但變化不大。公司在過去五年裏始終保持17%的收益,且在此期間所投入的資本增長了33%。不過,17%的資本回報率相對適中,因此看到公司能夠繼續以這些合理的回報率進行再投資是件好事。長時間來看,像這樣的回報可能不會太令人興奮,但通過穩定性,它們可以在股價回報上帶來收益。
The Key Takeaway
關鍵要點
To sum it up, Genpact has simply been reinvesting capital steadily, at those decent rates of return. However, over the last five years, the stock has only delivered a 4.0% return to shareholders who held over that period. So because of the trends we're seeing, we'd recommend looking further into this stock to see if it has the makings of a multi-bagger.
總結而言,簡伯特一直在以合理的回報率穩定地再投資資本。然而,在過去五年裏,該股票僅爲持有該股票的股東帶來了4.0%的回報。因此由於我們看到的趨勢,我們建議進一步研究這隻股票,以查看它是否具備成爲多倍收益股的潛力。
On a final note, we found 2 warning signs for Genpact (1 is a bit unpleasant) you should be aware of.
最後,我們發現簡伯特有2個警告信號(其中1個稍顯不愉快),你應該注意。
While Genpact isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然簡伯特的回報率並不是最高的,請查看這份免費名單,其中列出了具有穩健資產負債表並具有高權益回報率的公司。
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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.
對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
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。
譯文內容由第三人軟體翻譯。