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Fair Isaac (NYSE:FICO) Knows How To Allocate Capital Effectively

Fair Isaac (NYSE:FICO) Knows How To Allocate Capital Effectively

费尔·艾萨克(纽约证券交易所代码:FICO)知道如何有效地分配资本
Simply Wall St ·  05/22 19:03

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at the ROCE trend of Fair Isaac (NYSE:FICO) we really liked what we saw.

如果你正在寻找一款多功能装袋机,有几件事需要注意。一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 所用资本的比例。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。因此,当我们观察费尔·艾萨克(纽约证券交易所代码:FICO)的投资回报率趋势时,我们真的很喜欢我们所看到的。

Understanding Return On Capital Employed (ROCE)

了解资本使用回报率 (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 Fair Isaac:

如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。分析师使用这个公式来计算 Fair Isaac 的值:

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

已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)

0.50 = US$689m ÷ (US$1.7b - US$315m) (Based on the trailing twelve months to March 2024).

0.50 = 6.89亿美元 ÷(17亿美元-3.15亿美元) (基于截至2024年3月的过去十二个月)

So, Fair Isaac has an ROCE of 50%. That's a fantastic return and not only that, it outpaces the average of 7.1% earned by companies in a similar industry.

因此,费尔·艾萨克的投资回报率为50%。这是一个了不起的回报,不仅如此,它还超过了同类行业公司7.1%的平均收入。

roce
NYSE:FICO Return on Capital Employed May 22nd 2024
纽约证券交易所:FICO已动用资本回报率 2024年5月22日

Above you can see how the current ROCE for Fair Isaac compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Fair Isaac .

上面你可以看到Fair Isaac当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果您有兴趣,可以在我们的免费Fair Isaac分析师报告中查看分析师的预测。

What Can We Tell From Fair Isaac's ROCE Trend?

我们可以从费尔·艾萨克的投资回报率趋势中得出什么?

Fair Isaac is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 50%. The amount of capital employed has increased too, by 56%. So we're very much inspired by what we're seeing at Fair Isaac thanks to its ability to profitably reinvest capital.

费尔·艾萨克表现出一些积极的趋势。数字显示,在过去五年中,所用资本的回报率已大幅增长至50%。使用的资本金额也增加了56%。因此,我们在Fair Isaac所看到的情况给我们带来了极大的启发,这要归功于它能够盈利地进行资本再投资。

One more thing to note, Fair Isaac has decreased current liabilities to 19% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. So this improvement in ROCE has come from the business' underlying economics, which is great to see.

还有一件事需要注意,在此期间,Fair Isaac已将流动负债减少至总资产的19%,这实际上减少了供应商或短期债权人的融资金额。因此,投资回报率的改善来自该企业的潜在经济学,这很高兴看到。

The Key Takeaway

关键要点

To sum it up, Fair Isaac has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And a remarkable 360% total return over the last five years tells us that investors are expecting more good things to come in the future. In light of that, we think it's worth looking further into this stock because if Fair Isaac can keep these trends up, it could have a bright future ahead.

总而言之,Fair Isaac已经证明它可以对业务进行再投资,并从所使用的资本中获得更高的回报,这太棒了。过去五年中惊人的360%总回报率告诉我们,投资者预计未来还会有更多好事发生。有鉴于此,我们认为值得进一步研究这只股票,因为如果Fair Isaac能够保持这些趋势,它可能会有一个光明的未来。

One more thing to note, we've identified 2 warning signs with Fair Isaac and understanding these should be part of your investment process.

还有一件事需要注意,我们已经向Fair Isaac确定了两个警告信号,并知道这些信号应该是您投资过程的一部分。

High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.

高回报是强劲表现的关键因素,因此请查看我们的免费股本回报率高且资产负债表稳健的股票清单。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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