Consensus Cloud Solutions (NASDAQ:CCSI) Is Achieving High Returns On Its Capital
Consensus Cloud Solutions (NASDAQ:CCSI) Is Achieving High Returns On Its Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. 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. 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 Consensus Cloud Solutions' (NASDAQ:CCSI) returns on capital, so let's have a look.
尋找一個有潛力大幅增長的企業並不容易，但如果我們觀察幾個關鍵的財務指標，這是有可能的。一種常見的方法是嘗試找到一家資本僱用量高的公司。這顯示它是一個複合機器，能夠持續地將其收益再投資於業務併產生更高的回報。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。如果您看到這個，通常意味着這是一個擁有出色業務模式和充足盈利再投資機會的公司。 順便說一下，我們注意到Consensus Cloud Solutions（納斯達克代碼：CCSI）的資本回報出現了很大變化，讓我們來看看。
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。
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Consensus Cloud Solutions is:
對於不了解的人來說，ROCE 是衡量公司年稅前利潤（其收益）與業務資本之間關係的指標。 Consensus Cloud Solutions 的計算公式爲：
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。
0.28 = US$151m ÷ (US$621m - US$74m) (Based on the trailing twelve months to March 2024).
0.28 = 1.51億美元 ÷（6.21億美元 - 7400萬美元）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, Consensus Cloud Solutions has an ROCE of 28%. In absolute terms that's a great return and it's even better than the Software industry average of 7.2%.
因此，Consensus Cloud Solutions 的ROCE爲28％。 從絕對值來看，這是一個很好的回報，而且甚至比軟件行業板塊的7.2％平均水平更好。
Above you can see how the current ROCE for Consensus Cloud Solutions compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Consensus Cloud Solutions for free.
您可以看到 Consensus Cloud Solutions 的當前 ROCE 與先前資本回報的比較情況，但從過去只能獲得有限的信息。 如果您想，您可以免費查詢涵蓋 Consensus Cloud Solutions 的分析師預測。
What Does the ROCE Trend For Consensus Cloud Solutions Tell Us?
Consensus Cloud Solutions 的 ROCE 趨勢告訴我們什麼？
We're pretty happy with how the ROCE has been trending at Consensus Cloud Solutions. We found that the returns on capital employed over the last four years have risen by 81%. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. Speaking of capital employed, the company is actually utilizing 57% less than it was four years ago, which can be indicative of a business that's improving its efficiency. Consensus Cloud Solutions may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.
我們對 Consensus Cloud Solutions 的 ROCE 趨勢相當滿意。 我們發現，過去四年中，業務資本回報率增長了81％。 這很不錯，因爲這表明對於每個投資的美元（業務資本），公司從中獲取的收益額正在增加。 說到業務資本，與四年前相比，公司實際上使用了比原來少57％的資產，這可能表明業務正在提高效率。 Consensus Cloud Solutions 可能正在出售一些資產，因此值得調查一下該公司是否計劃進行未來投資以進一步增加回報。
The Key Takeaway
重要提示
In summary, it's great to see that Consensus Cloud Solutions has been able to turn things around and earn higher returns on lower amounts of capital. Astute investors may have an opportunity here because the stock has declined 50% in the last year. With that in mind, we believe the promising trends warrant this stock for further investigation.
總之，很高興看到 Consensus Cloud Solutions 能夠扭轉局面，在較少的資本支出下獲得更高的回報。 精明的投資者可能會看到投資機會，因爲該股票在過去一年中下跌了50％。 值得注意的是，我們相信這些有前景的趨勢值得進一步調查。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 3 warning signs for Consensus Cloud Solutions (of which 2 can't be ignored!) that you should know about.
由於幾乎每家公司都會面臨一些風險，因此了解它們值得知道，我們已經發現 Consensus Cloud Solutions 的 3個警告標誌（其中有2個不容忽視！） ，您應該了解一下。
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.
如果您想尋找更多獲得高回報的股票，請查看這個免費股票列表，這些股票不僅有紮實的資產負債表，而且還有高回報率。
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譯文內容由第三人軟體翻譯。