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Returns At Gibraltar Industries (NASDAQ:ROCK) Are On The Way Up

Returns At Gibraltar Industries (NASDAQ:ROCK) Are On The Way Up

直布羅陀工業公司(納斯達克股票代碼:ROCK)的回報率正在上升
Simply Wall St ·  04/25 00:26

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at Gibraltar Industries (NASDAQ:ROCK) so let's look a bit deeper.

找到一傢俱有大幅增長潛力的企業並不容易,但是如果我們看一些關鍵的財務指標,這是可能的。在一個完美的世界中,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中獲得的回報也在增加。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。考慮到這一點,我們注意到直布羅陀工業公司(納斯達克股票代碼:ROCK)的一些令人鼓舞的趨勢,因此讓我們更深入地了解一下。

Return On Capital Employed (ROCE): What Is It?

資本使用回報率(ROCE):這是什麼?

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 Gibraltar Industries is:

如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。直布羅陀工業公司的計算公式爲:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)

0.16 = US$169m ÷ (US$1.3b - US$226m) (Based on the trailing twelve months to December 2023).

0.16 = 1.69億美元 ÷(13億美元-2.26億美元) (基於截至2023年12月的過去十二個月)

Thus, Gibraltar Industries has an ROCE of 16%. That's a relatively normal return on capital, and it's around the 17% generated by the Building industry.

因此,直布羅陀工業的投資回報率爲16%。這是相對正常的資本回報率,約爲建築行業產生的17%。

roce
NasdaqGS:ROCK Return on Capital Employed April 24th 2024
納斯達克GS:2024年4月24日動用資本回報率驚人

Above you can see how the current ROCE for Gibraltar Industries 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 Gibraltar Industries for free.

在上面你可以看到直布羅陀工業公司當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果您願意,可以免費查看報道直布羅陀工業的分析師的預測。

What The Trend Of ROCE Can Tell Us

ROCE 的趨勢能告訴我們什麼

The trends we've noticed at Gibraltar Industries are quite reassuring. Over the last five years, returns on capital employed have risen substantially to 16%. The amount of capital employed has increased too, by 54%. So we're very much inspired by what we're seeing at Gibraltar Industries thanks to its ability to profitably reinvest capital.

我們在直布羅陀工業公司注意到的趨勢非常令人放心。在過去五年中,已動用資本回報率大幅上升至16%。使用的資本金額也增加了54%。因此,直布羅陀工業公司能夠盈利地進行資本再投資,這給我們帶來了極大的啓發。

In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 18%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. So this improvement in ROCE has come from the business' underlying economics, which is great to see.

在分析的另一部分中,我們注意到該公司的流動負債與總資產的比率降至18%,這在很大程度上意味着該企業減少了對供應商或短期債權人爲其運營提供資金的依賴。因此,投資回報率的提高來自於該業務的潛在經濟學,很高興看到這一點。

Our Take On Gibraltar Industries' ROCE

我們對直布羅陀工業投資回報率的看法

To sum it up, Gibraltar Industries has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a solid 85% to shareholders over the last five years, it's fair to say investors are beginning to recognize 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.

總而言之,直布羅陀工業公司已經證明它可以對業務進行再投資,並從所使用的資本中獲得更高的回報,這太棒了。由於該股在過去五年中給股東的回報率穩步增長了85%,因此可以公平地說,投資者已開始意識到這些變化。因此,鑑於該股已證明其趨勢令人鼓舞,值得進一步研究該公司,看看這些趨勢是否可能持續下去。

On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for ROCK on our platform that is definitely worth checking out.

在ROCE的另一方面,我們必須考慮估值。這就是爲什麼我們在平台上免費提供ROCK的內在價值估算值的原因,絕對值得一試。

While Gibraltar Industries 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.

儘管直布羅陀工業公司目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司清單。在這裏查看這個免費清單。

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?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

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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