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Penske Automotive Group (NYSE:PAG) Is Experiencing Growth In Returns On Capital

Penske Automotive Group (NYSE:PAG) Is Experiencing Growth In Returns On Capital

彭斯克汽車集團(紐約證券交易所代碼:PAG)的資本回報率正在增長
Simply Wall St ·  05/22 21:40

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Penske Automotive Group's (NYSE:PAG) returns on capital, so let's have a look.

要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?通常,我們希望注意到增長的趨勢 返回 在資本使用率(ROCE)方面,除此之外,還在擴大 基礎 所用資本的比例。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。說到這裏,我們注意到彭斯克汽車集團(紐約證券交易所代碼:PAG)的資本回報率發生了一些重大變化,所以讓我們來看看吧。

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. Analysts use this formula to calculate it for Penske Automotive Group:

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)。分析師使用這個公式來計算彭斯克汽車集團的利潤:

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)

0.13 = US$1.3b ÷ (US$16b - US$5.9b) (Based on the trailing twelve months to March 2024).

0.13 = 13億美元 ÷(160億美元-59億美元) (基於截至2024年3月的過去十二個月)

Therefore, Penske Automotive Group has an ROCE of 13%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Specialty Retail industry average of 12%.

因此,彭世奇汽車集團的投資回報率爲13%。從絕對值來看,這是相當正常的回報,略接近專業零售行業12%的平均水平。

roce
NYSE:PAG Return on Capital Employed May 22nd 2024
紐約證券交易所:PAG 2024年5月22日動用資本回報率

Above you can see how the current ROCE for Penske Automotive Group 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 Penske Automotive Group .

上面你可以看到彭世奇汽車集團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。如果你想了解分析師對未來的預測,你應該查看我們的彭斯克汽車集團免費分析師報告。

What The Trend Of ROCE Can Tell Us

ROCE 的趨勢能告訴我們什麼

We like the trends that we're seeing from Penske Automotive Group. Over the last five years, returns on capital employed have risen substantially to 13%. 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 25%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.

我們喜歡彭世奇汽車集團看到的趨勢。在過去五年中,已動用資本回報率大幅上升至13%。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25%。越來越多的資本回報率不斷增加是多包商的常見現象,這就是爲什麼我們印象深刻的原因。

The Bottom Line

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 Penske Automotive Group has. Since the stock has returned a staggering 292% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.

一家資本回報率不斷提高且能夠持續進行自我再投資的公司是一個備受追捧的特徵,而這正是彭世奇汽車集團所擁有的。由於該股在過去五年中向股東回報了驚人的292%,因此投資者似乎已經意識到了這些變化。因此,我們認爲值得您花時間檢查這些趨勢是否會持續下去。

One more thing, we've spotted 2 warning signs facing Penske Automotive Group that you might find interesting.

還有一件事,我們發現了彭斯克汽車集團面臨的兩個警告標誌,你可能會覺得有趣。

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。

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.

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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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