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Tecnoglass (NYSE:TGLS) Is Very Good At Capital Allocation

Tecnoglass (NYSE:TGLS) Is Very Good At Capital Allocation

Tecnoglass(紐約證券交易所代碼:TGLS)非常擅長資本配置
Simply Wall St ·  05/23 22:24

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. Speaking of which, we noticed some great changes in Tecnoglass' (NYSE:TGLS) returns on capital, so let's have a look.

我們應該尋找哪些趨勢?我們想確定可以長期價值成倍增長的股票?首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。說到這裏,我們注意到Tecnoglass(紐約證券交易所代碼:TGLS)的資本回報率發生了一些重大變化,所以讓我們來看看吧。

Understanding Return On Capital Employed (ROCE)

了解資本使用回報率 (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. Analysts use this formula to calculate it for Tecnoglass:

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 Tecnoglass 的值:

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)

0.31 = US$232m ÷ (US$982m - US$236m) (Based on the trailing twelve months to March 2024).

0.31 = 2.32億美元 ÷(9.82億美元-2.36億美元) (基於截至2024年3月的過去十二個月)

So, Tecnoglass has an ROCE of 31%. That's a fantastic return and not only that, it outpaces the average of 17% earned by companies in a similar industry.

因此,Tecnoglass的投資回報率爲31%。這是一個了不起的回報,不僅如此,它還超過了同類行業公司平均收入的17%。

roce
NYSE:TGLS Return on Capital Employed May 23rd 2024
紐約證券交易所:TGLS 2024年5月23日動用資本回報率

Above you can see how the current ROCE for Tecnoglass 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 Tecnoglass .

在上面你可以看到Tecnoglass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,你應該查看我們的免費Tecnoglass分析師報告。

What Does the ROCE Trend For Tecnoglass Tell Us?

Tecnoglass 的 ROCE 趨勢告訴我們什麼?

The trends we've noticed at Tecnoglass are quite reassuring. The data shows that returns on capital have increased substantially over the last five years to 31%. Basically the business is earning more per dollar of capital invested and in addition to that, 84% more capital is being employed now too. So we're very much inspired by what we're seeing at Tecnoglass thanks to its ability to profitably reinvest capital.

我們在Tecnoglass注意到的趨勢非常令人放心。數據顯示,在過去五年中,資本回報率大幅上升至31%。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84%。因此,我們在Tecnoglass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。

The Bottom Line

底線

To sum it up, Tecnoglass has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And a remarkable 795% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.

總而言之,Tecnoglass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。過去五年中驚人的795%總回報率告訴我們,投資者預計未來還會有更多好事發生。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。

If you want to continue researching Tecnoglass, you might be interested to know about the 1 warning sign that our analysis has discovered.

如果你想繼續研究Tecnoglass,你可能有興趣了解我們的分析發現的1個警告信號。

If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.

如果你想搜索更多獲得高回報的股票,可以查看這份資產負債表穩健且淨資產回報率也很高的股票的免費清單。

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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