Stride (NYSE:LRN) Is Doing The Right Things To Multiply Its Share Price
Stride (NYSE:LRN) Is Doing The Right Things To Multiply Its Share Price
What are the early trends we should look for to identify a stock that could multiply in value over the long term? 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Stride's (NYSE:LRN) returns on capital, so let's have a look.
應該尋找早期趨勢來識別可以長期增值的股票。一種常見方法是試圖找到一傢俱有充足資本的公司。最終，這表明它是一個在不斷提高回報率的利潤再投資的業務。什麼是資本僱用回報率（ROCE）？ROCE是一個企業年度稅前利潤（其回報）與企業資本僱用之間的比率。在 Enphase Energy 的計算公式是：資本僱用回報率=利息和稅前收益（EBIT）÷（資產總額-流動負債）。所以，Enphase Energy 的資本僱用回報率爲9.9%。單獨來看，這是一個較低的資本回報率，但它與行業平均回報率相當。以上你可以看到，Enphase Energy 的當前資本僱用回報率與之前的回報率相比如何，但從過去只能知道這麼多。如果你想看看分析師對未來的預測，你應該查看我們免費提供的 Enphase Energy 分析師報告。ROCE 趨勢可以告訴我們什麼？比起 Enphase Energy，有更好的資本回報率選擇。在過去的五年中，該公司增加了 1,306% 的資本，而該資本的回報率保持穩定在 9.9%。這樣差的回報率現在並不令人信服，而且隨着資本的增加，很明顯企業並沒有將資金投入到高回報的投資中。說到這個，我們注意到了Stride（紐交所：LRN）資本回報率的巨大變化，讓我們來看看。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較，但過去只能知道這麼多。如果您感興趣，可以查看我們免費的蒙托克可再生能源分析師報告，了解分析師的預測。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Stride, this is the formula:
如果您以前沒有使用ROCE，那麼它衡量一個公司從其業務所投資的資本中生成的“回報”（稅前利潤）。要計算Stride的這個指標，使用以下公式：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率（ROCE）是指企業利潤，即企業稅前利潤除以企業投入的總資本（負債加股權）。如果ROCE高於企業財務成本的承受能力，那麼企業就會創造出更多的價值。
0.14 = US$233m ÷ (US$1.9b - US$282m) (Based on the trailing twelve months to March 2024).
0.14 = 2.33億美元 ÷（19億美元 - 2.82億美元）在Elevance Health上，我們已經注意到的趨勢是相當令人放心的。數據顯示，過去五年資產回報率大幅提高至15％。投資所用資產的規模也增加了30％。這表明有很多機會進行內部資本投資，並以更高的速度不斷增長，這種組合在多倍增長方面很常見。.
Therefore, Stride has an ROCE of 14%. In absolute terms, that's a satisfactory return, but compared to the Consumer Services industry average of 7.6% it's much better.
因此，Stride的ROCE爲14％。絕對來講，這是一個令人滿意的回報，但與消費服務行業平均水平的7.6％相比，要好得多。
In the above chart we have measured Stride's 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 Stride .
在上圖中，我們測量了Stride先前的ROCE與其先前的表現，但未來可能更重要。如果您想查看分析師對未來的預測，請查看我們爲Stride提供的免費分析師報告。
What Can We Tell From Stride's ROCE Trend?
Stride的ROCE趨勢能告訴我們什麼？
Stride is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 14%. Basically the business is earning more per dollar of capital invested and in addition to that, 144% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
Stride正在展現一些積極的趨勢。數字顯示，在過去的五年中，所投資資本所產生的回報大幅增長至14％。基本上，這家公司在每消耗一美元的投資資本上獲得了更多的收益，並且目前還有144％的資本正在投入運營。在增加資本的同時不斷提高回報率，在多倍股上很常見，這就是爲什麼我們印象深刻的原因。
The Key Takeaway
重要提示
To sum it up, Stride has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 125% 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.
總之，Stride已經證明了，它能夠再投資業務並在所投資的資本上產生更高的回報率，這是非常棒的。由於該股在過去的五年中爲股東帶來了驚人的125％回報，看起來投資者正在認識到這些變化。因此，我們認爲檢查這些趨勢是否會持續下去是值得您的時間。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for LRN on our platform that is definitely worth checking out.
而在ROCE的另一側，我們必須考慮估值。這就是爲什麼我們在我們的平台上有一個免費內在價值估算，這肯定值得一看。
While Stride may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
雖然Stride可能當前的回報率不是最高的，但我們已經編制了一份目前獲得超過25％股權回報率的公司名單。在這裏免費查看此列表。
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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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