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PTC (NASDAQ:PTC) Shareholders Will Want The ROCE Trajectory To Continue

PTC (NASDAQ:PTC) Shareholders Will Want The ROCE Trajectory To Continue

PTC(納斯達克股票代碼:PTC)股東將希望投資回報率繼續下去
Simply Wall St ·  05/22 00:29

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Speaking of which, we noticed some great changes in PTC's (NASDAQ:PTC) returns on capital, so let's have a look.

你知道有一些財務指標可以爲潛在的多袋人提供線索嗎?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。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。說到這裏,我們注意到PTC(納斯達克股票代碼:PTC)的資本回報率發生了一些重大變化,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)?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for PTC, this is the formula:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。要計算 PTC 的這個指標,公式如下:

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)

0.11 = US$533m ÷ (US$6.2b - US$1.5b) (Based on the trailing twelve months to March 2024).

0.11 = 5.33億美元 ÷(62億美元-15億美元) (基於截至2024年3月的過去十二個月)

So, PTC has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 7.2% generated by the Software industry.

因此,PTC的投資回報率爲11%。就其本身而言,這是標準回報,但要比軟件行業產生的7.2%好得多。

roce
NasdaqGS:PTC Return on Capital Employed May 21st 2024
納斯達克GS:PTC 2024年5月21日動用資本回報率

In the above chart we have measured PTC'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 PTC .

在上圖中,我們將PTC先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果您有興趣,可以在我們免費的 PTC 分析師報告中查看分析師的預測。

What Can We Tell From PTC's ROCE Trend?

我們可以從PTC的投資回報率趨勢中得出什麼?

We like the trends that we're seeing from PTC. Over the last five years, returns on capital employed have risen substantially to 11%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 122%. So we're very much inspired by what we're seeing at PTC thanks to its ability to profitably reinvest capital.

我們喜歡從 PTC 看到的趨勢。在過去五年中,已動用資本回報率大幅上升至11%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了122%。因此,我們在PTC所看到的情況給我們帶來了極大的啓發,這要歸功於它能夠盈利地進行資本再投資。

What We Can Learn From PTC's ROCE

我們可以從 PTC 的 ROCE 中學到什麼

All in all, it's terrific to see that PTC is reaping the rewards from prior investments and is growing its capital base. And a remarkable 115% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.

總而言之,看到PTC從先前的投資中獲得回報並不斷擴大其資本基礎真是太棒了。過去五年中驚人的115%總回報率告訴我們,投資者預計未來還會有更多好事發生。話雖如此,我們仍然認爲前景良好的基本面意味着公司值得進一步的盡職調查。

If you'd like to know about the risks facing PTC, we've discovered 1 warning sign that you should be aware of.

如果您想了解PTC面臨的風險,我們發現了您應該注意的1個警告信號。

While PTC isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

儘管PTC的回報率並不高,但請查看這份免費清單,列出了資產負債表穩健的股本回報率高的公司。

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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