The Return Trends At Aveanna Healthcare Holdings (NASDAQ:AVAH) Look Promising
The Return Trends At Aveanna Healthcare Holdings (NASDAQ:AVAH) Look Promising
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Aveanna Healthcare Holdings (NASDAQ:AVAH) looks quite promising in regards to its trends of return on capital.
如果你正在尋找一個倍增的股票，那麼需要注意以下幾點。首先，我們希望看到一個已經被證明的資產業務增長。基本上這意味着公司有盈利的計劃，可以繼續再投資，這是複利機器的特點。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）簡單地說，這些類型的企業是複合機器，這意味着它們不斷以越來越高的回報率重新投資其收益。因此，在資本回報率方面，Aveanna Healthcare Holdings (NASDAQ:AVAH)看起來非常有前途。
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 Aveanna Healthcare Holdings, this is the formula:
對於那些不知道的人，ROCE是衡量一家公司每年稅前利潤（其回報）相對於業務資本的一種度量方法。爲了計算Aveanna Healthcare Holdings的這個度量指標，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。
0.091 = US$115m ÷ (US$1.6b - US$382m) (Based on the trailing twelve months to March 2024).
0.091 = US$115m÷（US$1.6b-US$382m）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, Aveanna Healthcare Holdings has an ROCE of 9.1%. In absolute terms, that's a low return but it's around the Healthcare industry average of 11%.
因此，Aveanna Healthcare Holdings的ROCE爲9.1%。就絕對值而言，這是一個低迴報率，但它接近醫療保健行業的平均水平11%。
Above you can see how the current ROCE for Aveanna Healthcare Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Aveanna Healthcare Holdings .
如上所述，您可以看到Aveanna Healthcare Holdings當前的ROCE與其過去的資本回報率相比的情況，但從過去只能獲得有限的信息。如果您感興趣，您可以在我們的免費分析師報告中查看分析師的預測。
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。
Aveanna Healthcare Holdings' ROCE growth is quite impressive. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 50% over the last five years. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
Aveanna Healthcare Holdings的ROCE增長相當令人印象深刻。從數據來看，我們可以看到，儘管企業中使用的資本保持相對穩定，但在過去五年中生成的ROCE已經增長了50%。基本上，企業從同樣的資本中產生了更高的回報，這證明了公司效率的改進。從這個意義上說，公司表現得不錯，值得研究管理團隊爲長期增長前景所計劃的工作。
For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. The current liabilities has increased to 23% of total assets, so the business is now more funded by the likes of its suppliers or short-term creditors. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.
記錄顯示，在該期間，公司的流動負債明顯增加，因此我們將部分ROCE增長歸因於此。流動負債已經增加到總資產的23%，因此該公司現在更多地依賴於供應商或短期債權人等方面的資金。值得留意的是，隨着流動負債佔總資產的百分比增加，某些風險方面也會提高。
The Key Takeaway
重要提示
As discussed above, Aveanna Healthcare Holdings appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Although the company may be facing some issues elsewhere since the stock has plunged 78% in the last three years. In any case, we believe the economic trends of this company are positive and looking into the stock further could prove rewarding.
如上所述，Aveanna Healthcare Holdings似乎越來越擅長生成回報，因爲資本保持不變，而收益（利息和稅前利潤之前）正在增加。雖然該公司在其他方面可能面臨一些問題，因爲股票在過去三年中暴跌了78%。在任何情況下，我們相信該公司的經濟趨勢是積極的，進一步研究該股票可能會帶來回報。
Aveanna Healthcare Holdings does have some risks, we noticed 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
Aveanna Healthcare Holdings確實存在一些風險，我們注意到有 2個警告 跡象（和1個不容忽視的），我們認爲您應該知道。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想尋找財務狀況良好、回報卓越的實力強企業，可以免費查看以下公司列表。
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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。