Investors Shouldn't Overlook Saia's (NASDAQ:SAIA) Impressive Returns On Capital
Investors Shouldn't Overlook Saia's (NASDAQ:SAIA) Impressive Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, the ROCE of Saia (NASDAQ:SAIA) looks great, so lets see what the trend can tell us.
您知道有些財務指標可以提供潛在倍增者的線索嗎？通常，我們會注意到資本利用率增長的趨勢。簡而言之，這些類型的企業是複利機器，意味着它們不斷以越來越高的回報率再投資其收益。然而，經過調查金德爾摩根（紐交所：KMI）後，我們認爲它目前的趨勢不符合倍增者的模式。資產回報率：它是什麼？對於那些不知道ROCE是什麼的人，ROCE是一個公司每年稅前利潤（回報）與企業用於投資的資本關係的度量。在Elevance Health的計算公式如下：資產回報率 = 利息和所得稅前收益（EBIT）÷（總資產-流動負債）從資本運用的角度來看，這表明Saia（NASDAQ:SAIA）正在以遞增的回報率重投利潤，看起來非常不錯，那我們繼續看看趨勢有什麼可告訴我們的。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
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. To calculate this metric for Saia, this is the formula:
對於那些不了解ROCE的人來說，ROCE是一個公司每年稅前利潤（即回報）與業務所佔用資本的比率。計算Saia公司的這一指標的公式如下：
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。
0.20 = US$480m ÷ (US$2.8b - US$338m) (Based on the trailing twelve months to March 2024).
因此，Saia的ROCE爲20%。這是一個極好的回報率，並且還優於行業內類似公司所獲得的7.1%的平均水平。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, Saia has an ROCE of 20%. That's a fantastic return and not only that, it outpaces the average of 7.1% earned by companies in a similar industry.
NasdaqGS:SAIA Return on Capital Employed June 27th 2024
In the above chart we have measured Saia'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 Saia .
投資者對Saia正在發生的事情感到高興。數據表明，在過去的五年中，資本回報率大幅提高至20%。基本上，公司正在獲得更高的資本投資回報率，此外，現在有了134%更多的投資資本。不斷增長的資金回報率在成長股中很常見，這也是爲什麼我們會印象深刻的原因。
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。
Investors would be pleased with what's happening at Saia. The data shows that returns on capital have increased substantially over the last five years to 20%. Basically the business is earning more per dollar of capital invested and in addition to that, 134% 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.
我們的摘要解讀Saia的ROCE公司不斷提高其資本回報率，並能夠不斷地重投利潤，這是一個非常受追捧的特點，Saia就具備這樣的特點。由於該股票在過去五年中爲股東獲得了驚人的619%的回報，似乎投資者正在認可這些變化。鑑於此，我們認爲值得進一步研究這個股票，因爲如果Saia能繼續保持這些趨勢，它未來可以有一個輝煌的明天。
Our Take On Saia's ROCE
Saia確實存在一些風險，我們已經發現了1個針對Saia的警告信號，您可能會感興趣。
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 Saia has. Since the stock has returned a staggering 619% to shareholders over the last five years, it looks like investors are recognizing these changes. In light of that, we think it's worth looking further into this stock because if Saia can keep these trends up, it could have a bright future ahead.
一家能夠提高資本回報率並能夠持續再投資的公司是一種非常受追捧的特徵，而Saia就是這樣的公司。由於在過去五年中，該股票已經給股東創造了高達619%的回報率，因此看起來投資者正在認識到這些變化。考慮到這一點，如果Saia能夠繼續保持這些趨勢，它的未來可能會很輝煌。
Saia does have some risks though, and we've spotted 1 warning sign for Saia that you might be interested in.
雖然Saia確實存在一些風險，但我們已經發現了一項對Saia有警示作用的風險，您可能會感興趣。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回報率是強勁表現的關鍵因素，因此請查看我們的免費股票列表，其中列出了盈利能力強、資產負債表堅實的股票。
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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。