US Foods Holding (NYSE:USFD) Has More To Do To Multiply In Value Going Forward
US Foods Holding (NYSE:USFD) Has More To Do To Multiply In Value Going Forward
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, the ROCE of US Foods Holding (NYSE:USFD) looks decent, right now, so lets see what the trend of returns can tell us.
如果你不確定下一個井噴股票的選股方向，那麼有幾個關鍵的趨勢是需要關注的。其中，我們需要看到兩個因素：首先，資本投入增長；其次，業務能夠不斷將收益再投入並獲得更高的回報。因此，當我們簡要了解中國科培教育集團（HKG:1890）的ROCE趨勢時，我們非常滿意所看到的。資產回報率：它是什麼？如果您不確定ROCE是什麼，它可以衡量公司能夠從其業務所僱用的資本產生多少稅前利潤。爲了計算V2X的這個指數，使用以下公式:0.054 = 1.24億美元÷（31億美元 - 8.53億美元）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。這表明它是一個持續複利的機器，能夠將其利潤持續再投資到業務中，產生更高的回報。 考慮到這一點，US Foods Holding (紐交所：USFD) 的資本利得率目前看起來不錯，讓我們看看回報趨勢能告訴我們什麼。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
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 US Foods Holding, this is the formula:
只是爲了澄清如果你不確定，ROCE是一個評估公司在其業務中投資的資本獲取的稅前收入（按百分比計算）的指標。 爲了計算US Foods Holding的這一指標，這是公式:
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。
0.10 = US$1.0b ÷ (US$13b - US$3.2b) (Based on the trailing twelve months to March 2024).
0.10 = US$1.0b ÷ (US$13b - US$3.2b)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, US Foods Holding has an ROCE of 10%. By itself that's a normal return on capital and it's in line with the industry's average returns of 10%.
因此，美國食品控股的資本利得率爲10％。 單獨來看，這是一種正常的資本回報率，符合行業平均回報率10％。
Above you can see how the current ROCE for US Foods Holding 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 US Foods Holding for free.
你可以看到US Foods Holding當前的資本回報率與其以往的回報率相比，但從過去我們只能得到有限的信息。 如果你願意，你可以免費查看覆蓋US Foods Holding的分析師的預測。
What Can We Tell From US Foods Holding's ROCE Trend?
從美國食品控股的資本利得率趨勢中我們能得出什麼？
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has employed 41% more capital in the last five years, and the returns on that capital have remained stable at 10%. 10% is a pretty standard return, and it provides some comfort knowing that US Foods Holding has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
雖然ROCE的趨勢並不突出，但總體回報還是不錯的。 在過去五年中，該公司增加了41％的資本投資，而該資本的回報率一直穩定在10％左右。10％是一種相當標準的回報率，它提供了一些舒適，知道美國食品控股一直保持着這個回報率。 長期來看，這樣的回報可能不太令人興奮，但是如果一直保持下去，它們就可以通過股票回報得到回報。
What We Can Learn From US Foods Holding's ROCE
從美國食品控股的資本利得率中我們可以學到什麼？
To sum it up, US Foods Holding has simply been reinvesting capital steadily, at those decent rates of return. Therefore it's no surprise that shareholders have earned a respectable 46% return if they held over the last five years. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.
總之，美國食品控股只是以相當不錯的回報率穩定地復投資本。 因此，如果在過去五年中持有該公司的股票，那麼股東獲得了可觀的46％回報。因此，儘管股票的積極趨勢可能已被投資者解釋，我們仍認爲值得進一步研究。
On a final note, we've found 1 warning sign for US Foods Holding that we think you should be aware of.
最後，我們發現美國食品控股有1個警告信號，我們認爲您應該知道。
While US Foods Holding isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管美國食品控股的回報率並不是最高的，但請查看此免費公司清單，該公司在財務平衡表上獲得了高回報。
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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
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。