Semrush Holdings' (NYSE:SEMR) Returns On Capital Are Heading Higher
Semrush Holdings' (NYSE:SEMR) Returns On Capital Are Heading Higher
What trends should we look for it we want to identify stocks that can multiply in value over the long term? 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. 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, Semrush Holdings (NYSE:SEMR) looks quite promising in regards to its trends of return on capital.
如果想找到長期能夠增值的股票，我們應該尋找哪些趨勢呢？首先，我們需要看到一個不斷增長的資本回報率（ROCE），其次，我們需要看到公司的資本僱用量在不斷擴大。如果你能看到這些，通常意味着這是一家商業模式很好、有很多賺錢的再投資機會的公司。就在這個話題下，紐交所上市公司Semrush Holdings（NYSE: SEMR）在其資本回報率的趨勢方面似乎非常有前途。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法：正如我們上面看到的，Enphase Energy 的資本回報率沒有提高，但它正在重新投資於業務。投資者必須認爲未來會有更好的前景，因爲股票表現良好，使持股五年以上的股東獲得了 690% 的收益。最終，如果基本趨勢持續存在，我們不會對它成爲一隻多頭股持有期很久很有信心。
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 Semrush Holdings:
只是想澄清一下，如果您不確定，ROCE是用於評估公司在其業務中投資的資本獲得多少稅前收入（以百分比表示）的指標之一。分析師使用該公式來爲Semrush Holdings計算其ROCE:
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。
0.02 = US$4.9m ÷ (US$342m - US$101m) (Based on the trailing twelve months to March 2024).
0.02 = 美元490萬 ÷（美元34200萬 - 美元101m）（基於截至2024年3月的最近12個月）。
Therefore, Semrush Holdings has an ROCE of 2.0%. In absolute terms, that's a low return and it also under-performs the Software industry average of 7.6%.
因此，Semrush Holdings的ROCE爲2.0%。 從絕對價值來看，這是一個低迴報率，也低於軟件行業板塊的平均值7.6%。
Above you can see how the current ROCE for Semrush 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 Semrush Holdings .
您可以看到在Semrush Holdings以前的資本回報率與當前回報率的比較情況，但過去所能告訴我們的只有這麼多。如果您有興趣，可以查看我們的免費分析師報告中的分析師預測。
What Does the ROCE Trend For Semrush Holdings Tell Us?
Semrush Holdings的ROCE趨勢告訴我們什麼？
The fact that Semrush Holdings is now generating some pre-tax profits from its prior investments is very encouraging. About four years ago the company was generating losses but things have turned around because it's now earning 2.0% on its capital. In addition to that, Semrush Holdings is employing 1,392% more capital than previously which is expected of a company that's trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
現在Semrush Holdings從早期投資中獲得了一些稅前利潤的事實非常令人鼓舞。大約四年前，該公司虧損，但現在它在其資本上獲得了2.0%的利潤。此外，Semrush Holdings比以前增加了1392%的資本僱用量，這是一家試圖實現盈利的公司所能預期的。這告訴我們公司有很多再投資機會，這些機會能夠產生更高的回報。
One more thing to note, Semrush Holdings has decreased current liabilities to 29% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. So this improvement in ROCE has come from the business' underlying economics, which is great to see.
還有一件事需要注意，Semrush Holdings將其流動負債降低爲總資產的29%，有效減少了供應商或短期債權人的資金籌資量。因此，ROCE的這種改善是由業務的基本經濟狀況帶來的，這是非常好的。
Our Take On Semrush Holdings' ROCE
簡而言之，我們很高興看到Semrush Holdings的再投資活動已經取得了成功，公司現在變得盈利。由於公司的股票在過去三年中下跌了31%，所以可能存在機會。在這種情況下，研究公司的當前估值指標和未來前景似乎是適當的。
Long story short, we're delighted to see that Semrush Holdings' reinvestment activities have paid off and the company is now profitable. And since the stock has fallen 31% over the last three years, there might be an opportunity here. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
長話短說，我們很高興看到Semrush Holdings的再投資活動已經取得了成功，公司現在變得盈利。由於公司的股票在過去三年中下跌了31%，所以可能存在機會。在這種情況下，研究公司的當前估值指標和未來前景似乎是適當的。
On a separate note, we've found 2 warning signs for Semrush Holdings you'll probably want to know about.
另外，我們發現Semrush Holdings存在2個警告信號，您可能想了解。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
Hao Tian International Construction Investment Group確實存在一些風險，我們已經發現了一條警示標誌，你可能會感興趣。對於那些喜歡投資於實力雄厚的公司的人，可以查看這個由財務狀況強大、股本回報率高的公司組成的免費列表。
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對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@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
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。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。