Returns on Capital Paint A Bright Future For W.W. Grainger (NYSE:GWW)
Returns on Capital Paint A Bright Future For W.W. Grainger (NYSE:GWW)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. And in light of that, the trends we're seeing at W.W. Grainger's (NYSE:GWW) look very promising so lets take a look.
如果你正在尋找一款多功能裝袋，有幾件事需要注意。在一個完美的世界中，我們希望看到一家公司向其業務投資更多的資本，理想情況下，從這些資本中獲得的回報也在增加。基本上，這意味着一家公司有可以繼續進行再投資的盈利計劃，這是複合機的一個特徵。有鑑於此，我們所看到的趨勢 W.W. Grainger's （紐約證券交易所代碼：GWW）看起來非常有前途，所以讓我們來看看。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率（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. The formula for this calculation on W.W. Grainger is:
如果你以前沒有與ROCE合作過，它可以衡量一家公司從其業務中使用的資本中產生的 “回報”（稅前利潤）。W.W. Grainger 的計算公式爲：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用資本回報率 = 利息和稅前收益 (EBIT) ÷（總資產-流動負債）
0.41 = US$2.6b ÷ (US$8.1b - US$1.9b) (Based on the trailing twelve months to September 2023).
0.41 = 26億美元 ¥（81億美元至19億美元） （基於截至2023年9月的過去十二個月）。
Thus, W.W. Grainger has an ROCE of 41%. That's a fantastic return and not only that, it outpaces the average of 13% earned by companies in a similar industry.
因此， W.W. Grainger 的投資回報率爲 41%。 這是一個了不起的回報，不僅如此，它還超過了類似行業公司13％的平均收入。
Check out our latest analysis for W.W. Grainger
看看我們對 W.W. Grainger 的最新分析
In the above chart we have measured W.W. Grainger's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for W.W. Grainger.
在上面的圖表中，我們衡量了W.W. Grainger之前的投資回報率與之前的表現，但可以說，未來更爲重要。如果你想了解分析師對未來的預測，你應該看看我們的 免費的 向 W.W. Grainger 報告。
So How Is W.W. Grainger's ROCE Trending?
那麼 W.W. Grainger 的 ROCE 趨勢如何？
We like the trends that we're seeing from W.W. Grainger. Over the last five years, returns on capital employed have risen substantially to 41%. Basically the business is earning more per dollar of capital invested and in addition to that, 40% more capital is being employed now too. So we're very much inspired by what we're seeing at W.W. Grainger thanks to its ability to profitably reinvest capital.
我們喜歡從 W.W. Grainger 那裏看到的趨勢。在過去五年中，資本使用回報率已大幅上升至41％。基本上，企業每投資1美元的資本就能獲得更多的收入，除此之外，現在使用的資本也增加了40％。因此，我們在W.W. Grainger看到的情況給我們帶來了極大的啓發，這要歸功於它能夠以盈利的方式進行資本再投資。
The Bottom Line On W.W. Grainger's ROCE
W.W. Grainger 的 ROCE 的底線
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what W.W. Grainger has. Since the stock has returned a staggering 180% to shareholders over the last five years, it looks like investors are recognizing these changes. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
一家不斷提高資本回報率並能夠持續進行自我再投資的公司是一個備受追捧的特徵，而這正是W.W. Grainger所擁有的特徵。由於該股在過去五年中爲股東帶來了驚人的180％的回報，看來投資者已經意識到了這些變化。因此，鑑於該股已證明其趨勢樂觀，值得進一步研究該公司，看看這些趨勢是否可能持續下去。
If you'd like to know about the risks facing W.W. Grainger, we've discovered 1 warning sign that you should be aware of.
如果你想知道 W.W. Grainger 面臨的風險，我們已經發現 1 個警告標誌 你應該知道的。
W.W. Grainger is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.
W.W. Grainger 並不是唯一一隻獲得高回報的股票。如果您想了解更多，請查看我們的 免費的 基本面穩健且股本回報率高的公司名單。
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