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OSI Systems (NASDAQ:OSIS) Is Experiencing Growth In Returns On Capital

OSI Systems (NASDAQ:OSIS) Is Experiencing Growth In Returns On Capital

osi systems(納斯達克:osis)的資本回報率正在增長。
Simply Wall St ·  06/20 18:41

If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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 OSI Systems' (NASDAQ:OSIS) returns on capital, so let's have a look.

如果你正在尋找一個多倍股,有一些事情要注意。一種常見的方法是嘗試找到一家擁有充足的資本營運的公司。這表明它是一個複利機器,能夠不斷地將其收益再投入到業務中,從而產生更高的回報。考慮到這一點,我們注意到Hao Tian International Construction Investment Group (HKG:1341)出現了一些有前途的趨勢,讓我們再深入探究一下。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。最終,這表明它是一家正在以遞增的回報率重新投資利潤的企業。而提起遞增的回報率,我們注意到OSI Systems(NASDAQ: OSIS)的資本回報率發生了很大的變化,所以讓我們來看看吧。

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。

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. To calculate this metric for OSI Systems, this is the formula:

如果您不確定,ROCE是一種衡量企業在其業務中投資的資本所賺稅前收入的百分比指標。要爲OSI Systems計算此指標,需要使用以下公式:

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。

0.17 = US$181m ÷ (US$1.8b - US$762m) (Based on the trailing twelve months to March 2024).

因此,OSI Systems的ROCE爲17%。獨立看來,這是一個標準的回報,但比電子行業的11%要好得多。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, OSI Systems has an ROCE of 17%. On its own, that's a standard return, however it's much better than the 11% generated by the Electronic industry.

在上圖中,我們測量了OSI Systems以往的ROCE與其以前的業績,但未來顯然更爲重要。如果您想了解分析師對其未來的預測,請查看我們爲OSI Systems提供的免費分析師報告。

roce
NasdaqGS:OSIS Return on Capital Employed June 20th 2024
NasdaqGS: OSIS資本佔用回報率2024年6月20日

In the above chart we have measured OSI Systems' 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 OSI Systems .

OSI Systems呈現出一些積極的趨勢。在過去的五年中,資本回報率顯著提高至17%。投入的資本也增加了25%。這可以表明,存在許多在內部和以越來越高的速度投資資本的機會,這是多倍增長的常見組合。

The Trend Of ROCE

當尋找下一個倍增器時,如果您不確定從哪裏開始,請關注幾個關鍵趨勢。首先,我們希望看到一個經過驗證的資本使用率。如果您看到這一點,通常意味着這是一家擁有出色業務模式和大量盈利再投資機會的公司。然而,調查蒙托克可再生能源公司(NASDAQ:MNTK)後,我們認爲它的現行趨勢不符合倍增器的模式。

OSI Systems is displaying some positive trends. Over the last five years, returns on capital employed have risen substantially to 17%. The amount of capital employed has increased too, by 25%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.

順便提一下,OSI Systems的流動負債仍然相當高,佔總資產的42%。這可能帶來一些風險,因爲公司基本上是在相當大的依賴於其供應商或其他形式的短期債務人的情況下運營的。我們希望看到這種情況減少,因爲這將意味着承擔風險的義務更少。

On a side note, OSI Systems' current liabilities are still rather high at 42% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.

我們可以從OSI Systems的ROCE中學到什麼?一個不斷增長其資本回報率並能持續重投的公司是一種高度追求的品質,而這正是OSI Systems所具備的。由於過去五年該股票僅爲股東帶來23%的回報,因此有前景的基本面可能尚未被投資者認可。鑑於此,我們將進一步調查這隻股票是否具備更多可在長期內使其翻倍的特點。

What We Can Learn From OSI Systems' ROCE

最後,我們發現OSI Systems有2個警告信號(其中1個有點不愉快),您應該知道。

A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what OSI Systems has. Since the stock has only returned 23% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. Given that, we'd look further into this stock in case it has more traits that could make it multiply in the long term.

雖然OSI Systems目前可能沒有賺取最高回報,但我們已編制了一份目前賺取超過25%資本回報率的公司名單。在這裏查看免費列表。

On a final note, we found 2 warning signs for OSI Systems (1 is a bit unpleasant) you should be aware of.

最後我們發現有2個OSI systems的警告信號(其中一個有點令人不愉快)你應該注意。

While OSI Systems 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OSI Systems目前可能並不賺取最高回報,但我們已經整理了一份目前賺取25%以上回報的公司列表。點擊這裏查看免費列表。

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

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@simplywallst.com。

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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