We Like Apogee Enterprises' (NASDAQ:APOG) Returns And Here's How They're Trending
We Like Apogee Enterprises' (NASDAQ:APOG) Returns And Here's How They're Trending
0.23 = US$146m ÷ (US$884m - US$245m) If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at the ROCE trend of Apogee Enterprises (NASDAQ:APOG) we really liked what we saw.
如果你不確定下一個高增長股從哪裏開始，這裏有一些關鍵趨勢你應該注意。首先，我們需要看到一個經過驗證的資本收益率（ROCE）在不斷增長，其次是資本收益率基數的擴大。這表明這是一個以不斷提高投資回報率再投資利潤的業務。所以當我們看到 Apogee Enterprises（納斯達克股票代碼：APOG）的 ROCE 趨勢時，我們非常喜歡我們看到的東西。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Apogee Enterprises:
只是爲了澄清你可能不確定的事情，ROCE 是衡量一家公司在其業務中投資的資本所獲得的稅前收入的度量。分析師使用此公式來計算 Apogee Enterprises 的 ROCE：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資本僱用回報率=利息和稅前收益（EBIT）÷（總資產-流動負債）
0.23 = US$146m ÷ (US$884m - US$245m) (Based on the trailing twelve months to March 2024).
0.23 = 美元146m ÷ （美元884m - 美元245m）（基於截至2024年3月的過去十二個月）。
So, Apogee Enterprises has an ROCE of 23%. That's a fantastic return and not only that, it outpaces the average of 17% earned by companies in a similar industry.
因此，Apogee Enterprises 的 ROCE 爲23%。這是一個很棒的回報率，不僅如此，它還超過了類似行業公司獲得的平均17％。
NasdaqGS:APOG Return on Capital Employed June 4th 2024
納斯達克GS：APOG 資本收益率回報2024年6月4日
In the above chart we have measured Apogee Enterprises' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Apogee Enterprises .
在上圖中，我們測量了 Apogee Enterprises 先前的 ROCE 與其先前的表現，但未來可能更爲重要。如果您想了解分析師對未來的預測，您可以查看我們爲 Apogee Enterprises 提供的免費分析師報告。
What Does the ROCE Trend For Apogee Enterprises Tell Us?
Apogee Enterprises 的 ROCE 趨勢告訴我們什麼？
Apogee Enterprises has not disappointed in regards to ROCE growth. The data shows that returns on capital have increased by 173% over the trailing five years. The company is now earning US$0.2 per dollar of capital employed. Interestingly, the business may be becoming more efficient because it's applying 24% less capital than it was five years ago. Apogee Enterprises may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.
Apogee Enterprises 的 ROCE 增長令人滿意。數據顯示，資本回報率在過去五年中增加了173％。該公司現在每投入1美元的資本獲得0.2美元的收益。有趣的是，該公司可能變得更加高效，因爲它比五年前所用的資本少了24％。Apogee Enterprises 可能正在出售一些資產，因此值得調查該業務是否有計劃進行未來投資以進一步增加回報。
What We Can Learn From Apogee Enterprises' ROCE
我們可以從 Apogee Enterprises 的 ROCE 中學到什麼？
In a nutshell, we're pleased to see that Apogee Enterprises has been able to generate higher returns from less capital. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 82% return over the last five years. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
簡而言之，我們很高興看到 Apogee Enterprises 能夠從更少的資本中獲得更高的回報。投資者似乎期望未來更多的回報，因爲該股票在過去五年中回報了82％。話雖如此，我們仍然認爲有前途的基本面意味着公司值得進一步的盡職調查。
On a separate note, we've found 1 warning sign for Apogee Enterprises you'll probably want to know about.
另外，我們已經發現了 Apogee Enterprises 的 1 個警告信號，您可能想了解。
Apogee Enterprises is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.
Apogee Enterprises 並不是唯一能獲得高回報的股票。如果您想了解更多信息，請查看我們的免費公司權益回報率高且基本面牢固的公司列表。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
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