Returns On Capital Are Showing Encouraging Signs At TransDigm Group (NYSE:TDG)
Returns On Capital Are Showing Encouraging Signs At TransDigm Group (NYSE:TDG)
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. So on that note, TransDigm Group (NYSE:TDG) looks quite promising in regards to its trends of return on capital.
如果我們想確定下一個多功能裝袋機，有一些關鍵趨勢需要關注。首先，我們希望看到經過驗證的 返回 關於正在增加的資本使用率（ROCE），其次是擴大 基礎 所用資本的比例。如果你看到這一點，這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。因此，從這個角度來看，TransDigm集團（紐約證券交易所代碼：TDG）的資本回報率趨勢看起來相當樂觀。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
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. Analysts use this formula to calculate it for TransDigm Group:
爲了澄清一下你是否不確定，ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入（按百分比計算）的指標。分析師使用這個公式來計算TransDigm集團的利潤：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率 = 息稅前收益 (EBIT) ¥（總資產-流動負債）
0.17 = US$3.3b ÷ (US$22b - US$2.2b) (Based on the trailing twelve months to March 2024).
0.17 = 33億美元 ÷（220億美元-22億美元） （基於截至2024年3月的過去十二個月）。
Therefore, TransDigm Group has an ROCE of 17%. On its own, that's a standard return, however it's much better than the 9.5% generated by the Aerospace & Defense industry.
因此，TransDigm集團的投資回報率爲17％。就其本身而言，這是標準回報，但要比航空航天與國防行業產生的9.5％好得多。
In the above chart we have measured TransDigm Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering TransDigm Group for free.
在上圖中，我們將TransDigm集團先前的投資回報率與之前的表現進行了比較，但可以說，未來更爲重要。如果你願意，你可以免費查看報道TransDigm集團的分析師的預測。
The Trend Of ROCE
ROCE 的趨勢
TransDigm Group is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 17%. The amount of capital employed has increased too, by 20%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
TransDigm集團顯示出一些積極的趨勢。數據顯示，在過去五年中，資本回報率大幅上升至17％。使用的資本金額也增加了20％。越來越多的資本回報率不斷增加是多包商的常見現象，這就是爲什麼我們印象深刻的原因。
The Bottom Line On TransDigm Group's ROCE
TransDigm 集團投資回報率的底線
To sum it up, TransDigm Group has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 215% to shareholders over the last five years, it looks like investors are recognizing these changes. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
總而言之，TransDigm集團已經證明它可以對業務進行再投資，並從所使用的資本中獲得更高的回報，這太棒了。由於該股在過去五年中向股東回報了驚人的215％，因此投資者似乎已經意識到了這些變化。因此，鑑於該股已證明其趨勢令人鼓舞，值得進一步研究該公司，看看這些趨勢是否可能持續下去。
One final note, you should learn about the 3 warning signs we've spotted with TransDigm Group (including 2 which are potentially serious) .
最後一點是，你應該了解我們在TransDigm集團發現的3個警告信號（包括2個可能嚴重的警告信號）。
While TransDigm Group 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.
儘管TransDigm集團目前可能無法獲得最高的回報，但我們編制了一份目前股本回報率超過25％的公司名單。在這裏查看這個免費清單。
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 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。