Booz Allen Hamilton Holding (NYSE:BAH) Looks To Prolong Its Impressive Returns
Booz Allen Hamilton Holding (NYSE:BAH) Looks To Prolong Its Impressive Returns
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. So, when we ran our eye over Booz Allen Hamilton Holding's (NYSE:BAH) trend of ROCE, we really liked what we saw.
要找到一隻多倍股，我們應該在一家企業中尋找哪些潛在趨勢？通常情況下，我們希望注意到資本投入回報率（ROCE）不斷增長的趨勢，同時伴隨着不斷擴大的資本投入基礎。這表明它是一個複利機器，能夠不斷地將利潤再投入到企業中併產生更高的回報。因此，當我們審查了Booz Allen Hamilton Holding（紐交所：BAH）的ROCE趨勢時，我們真的很喜歡我們看到的東西。
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。
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Booz Allen Hamilton Holding is:
對於那些不確定ROCE是什麼的人來說，它衡量了一家公司能夠從其業務中使用的資本獲得的稅前利潤金額。對於Booz Allen Hamilton Holding的這個計算公式是：
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。
0.21 = US$1.0b ÷ (US$6.6b - US$1.7b) (Based on the trailing twelve months to June 2024).
0.21 = 10億美元 ÷ (66億美元 - 1.7億美元)（基於2024年6月的過去十二個月）。
So, Booz Allen Hamilton Holding has an ROCE of 21%. In absolute terms that's a great return and it's even better than the Professional Services industry average of 14%.
因此，Booz Allen Hamilton Holding的ROCE爲21%。從絕對意義上來看，這是一個很好的回報，甚至優於專業服務行業的平均水平14%。
In the above chart we have measured Booz Allen Hamilton Holding'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 Booz Allen Hamilton Holding for free.
在上面的圖表中，我們已經根據Booz Allen Hamilton Holding以前的資本回報率與其前期業績進行了比較，但未來可能更爲重要。如果您願意，您可以免費查看覆蓋Booz Allen Hamilton Holding的分析師的預測。
What Can We Tell From Booz Allen Hamilton Holding's ROCE Trend?
從Booz Allen Hamilton Holding的資本回報率趨勢中我們可以得出什麼結論？
It's hard not to be impressed by Booz Allen Hamilton Holding's returns on capital. The company has consistently earned 21% for the last five years, and the capital employed within the business has risen 49% in that time. Returns like this are the envy of most businesses and given it has repeatedly reinvested at these rates, that's even better. If Booz Allen Hamilton Holding can keep this up, we'd be very optimistic about its future.
很難不對Booz Allen Hamilton Holding的資本回報率感到印象深刻。該公司在過去五年中始終保持着21%的盈利，業務中使用的資本在此期間增長了49%。這樣的回報率令大多數企業羨慕，而且鑑於它已經反覆以這些速度進行再投資，這更加令人鼓舞。如果Booz Allen Hamilton Holding能繼續保持這樣的表現，我們對其未來將非常樂觀。
The Bottom Line
還有一件事需要注意的是，我們已經確定了上海醫藥的2個警告信號，了解這些信號應該成爲你的投資過程的一部分。
In the end, the company has proven it can reinvest it's capital at high rates of returns, which you'll remember is a trait of a multi-bagger. On top of that, the stock has rewarded shareholders with a remarkable 124% return to those who've 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.
最終，該公司已經證明其可以以較高的回報率再投資資本，這正是多倍收益的特徵。此外，對於過去五年持有過該股票的股東來說，該股票已經帶來了驚人的124%的回報。因此，雖然積極的基本趨勢可能已經被投資者考慮在內，我們仍認爲這支股票值得進一步調查。
Like most companies, Booz Allen Hamilton Holding does come with some risks, and we've found 1 warning sign that you should be aware of.
和大多數公司一樣，Booz Allen Hamilton Holding也存在一些風險，並且我們發現了1個警示信號，您應該注意。
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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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。
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