The Return Trends At Skyline Champion (NYSE:SKY) Look Promising
The Return Trends At Skyline Champion (NYSE:SKY) Look Promising
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, 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. So on that note, Skyline Champion (NYSE:SKY) looks quite promising in regards to its trends of return on capital.
要找到一個多倍收益的股票，我們應該從業務中尋找哪些基本趨勢呢？首先，我們需要看到已有的資本使用證明。簡而言之，這些類型的企業是複合機器，意味着他們在不斷地以越來越高的回報率再投資他們的收益。考慮到這一點，好時（NYSE:HSY）的ROCE現在看起來很有吸引力，讓我們看看收益的趨勢能告訴我們什麼。資產回報率：它是什麼？了解資本使用回報率（ROCE）如果你以前沒有接觸過ROCE，它衡量公司從資本使用中產生的“回報”（稅前利潤）。要爲洪恩計算此指標，這是公式:資產回報率 = 利息和所得稅前收益（EBIT）÷（總資產-流動負債）如果您看到這個，通常意味着這是一傢俱有出色業務模式和豐富盈利再投資機會的公司。因此，在這個問題上，Skyline（NYSE: SKY）在資本回報率方面的趨勢看起來非常有前途。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法：正如我們上面看到的，Enphase Energy 的資本回報率沒有提高，但它正在重新投資於業務。投資者必須認爲未來會有更好的前景，因爲股票表現良好，使持股五年以上的股東獲得了 690% 的收益。最終，如果基本趨勢持續存在，我們不會對它成爲一隻多頭股持有期很久很有信心。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Skyline Champion is:
如果您以前沒有接觸過ROCE，那麼它是衡量公司從其業務中投入的資本中產生的“回報”（稅前利潤）的指標。在Skyline Champion的計算公式中，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。
0.11 = US$175m ÷ (US$1.9b - US$390m) (Based on the trailing twelve months to March 2024).
0.11 = 1.75億美元÷（19億美元-3.9億美元）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。.
So, Skyline Champion has an ROCE of 11%. In isolation, that's a pretty standard return but against the Consumer Durables industry average of 15%, it's not as good.
因此，Skyline Champion的ROCE爲11%。從孤立的角度來看，這是一個相當標準的回報，但與耐用消費品行業的平均回報率15％相比，它並不是很好。
In the above chart we have measured Skyline Champion's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Skyline Champion .
在上圖中，我們比較了Skyline Champion以往的ROCE和以往的表現，但未來可能更重要。如果您有興趣，您可以在Skyline Champion的免費分析師報告中查看分析師的預測。
So How Is Skyline Champion's ROCE Trending?
那麼，Skyline Champion的ROCE趨勢如何？
The fact that Skyline Champion is now generating some pre-tax profits from its prior investments is very encouraging. Shareholders would no doubt be pleased with this because the business was loss-making five years ago but is is now generating 11% on its capital. And unsurprisingly, like most companies trying to break into the black, Skyline Champion is utilizing 211% more capital than it was five years ago. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance.
Skyline Champion現在從以前的投資中獲得了一些稅前利潤，這是非常令人鼓舞的。由於該公司在五年前曾經有過虧損，因此股東毫無疑問會對此感到高興，但是現在它在資本上獲得了11％的回報。毫不奇怪，像大多數試圖扭虧爲盈的公司一樣，Skyline Champion比五年前使用了多211％的資本。我們很喜歡這個趨勢，因爲它告訴我們公司有盈利的再投資機會，如果它繼續前進，這可能會導致多袋錶現。
What We Can Learn From Skyline Champion's ROCE
我們可以從Skyline Champion的ROCE中學到什麼？
To the delight of most shareholders, Skyline Champion has now broken into profitability. And a remarkable 171% 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 Skyline Champion can keep these trends up, it could have a bright future ahead.
對於大多數股東而言，Skyline Champion現在已經實現盈利。在過去的五年中，總回報率驚人的達到了171％，這告訴我們，投資者期待未來會有更多好事發生。因此，我們認爲值得進一步研究這支股票，因爲如果Skyline Champion能夠保持這些趨勢，它將有一個輝煌的未來。
On a separate note, we've found 2 warning signs for Skyline Champion you'll probably want to know about.
另外，我們發現Skyline Champion存在2個警告標誌，您可能想知道。
While Skyline Champion isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然Skyline Champion沒有取得最高的回報率，但請查看此免費的公司列表，這些公司具有堅實的資產負債表和獲得高回報率。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。