Tecnoglass (NYSE:TGLS) Is Achieving High Returns On Its Capital
Tecnoglass (NYSE:TGLS) Is Achieving High Returns On Its Capital
0.29 = US$209m ÷ (US$942m - US$213m) If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing 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. Speaking of which, we noticed some great changes in Tecnoglass' (NYSE:TGLS) returns on capital, so let's have a look.
如果我們想找到潛力巨大的股票，通常會有一些底層趨勢可以提供線索。首先，我們需要確定回報資本僱用率（ROCE）在不斷增長，同時還有不斷增長的資本僱用基數。這顯示它是一臺複利機器，能夠不斷地將利潤重新投資到業務中，併產生更高的回報。說到這一點，我們注意到Tecnoglass（紐交所代碼：TGLS）的資本回報率發生了一些很大的變化，所以讓我們來看看。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
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 Tecnoglass is:
對於那些不確定ROCE是什麼的人來說，它衡量了公司能夠從其業務中使用的資本中產生的稅前利潤的數量。計算Tecnoglass的公式爲：
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。
0.29 = US$209m ÷ (US$942m - US$213m) (Based on the trailing twelve months to June 2024).
0.29 = 2.09億美元 ÷ （9.42億美元 - 2.13億美元）（基於截至2024年6月的過去十二個月）。
So, Tecnoglass has an ROCE of 29%. That's a fantastic return and not only that, it outpaces the average of 16% earned by companies in a similar industry.
所以，Tecnoglass的資本回報率爲29%。這是一個很棒的回報，而且不僅如此，它超過了同行行業公司平均獲得的16%。
In the above chart we have measured Tecnoglass' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Tecnoglass .
在上面的圖表中，我們已經測量了Tecnoglass在之前的ROCE與其之前的表現，但未來可能更重要。如果您想了解分析師對未來的預測，請查看我們免費的Tecnoglass分析師報告。
What Does the ROCE Trend For Tecnoglass Tell Us?
Tecnoglass的ROCE趨勢告訴我們什麼？
Investors would be pleased with what's happening at Tecnoglass. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 29%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 65%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
投資者對Tecnoglass的發展非常滿意。數據顯示，在過去的五年中，投入資金所產生的回報率大幅增長，達到了29%。公司有效地利用每一美元資本賺取更多的利潤，而且值得注意的是，資本的數量也增加了65%。這可能意味着在公司內部以更高的回報率進行資本投資的機會很多，而這種組合在超級大贏家中很常見。
Our Take On Tecnoglass' ROCE
我們對Tecnoglass的ROCE的看法
In summary, it's great to see that Tecnoglass can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And a remarkable 833% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
總的來說，很高興看到Tecnoglass能夠通過持續將資本以逐漸增加的回報率再投資來複利回報，因爲這些是那些備受追捧的超級大贏家的關鍵要素之一。而在過去的五年中，出色的總回報率爲833%，說明投資者對未來有更多好事即將發生。雖然如此，我們仍然認爲這些有前途的基本面意味着公司值得進一步的盡職調查。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for TGLS on our platform that is definitely worth checking out.
在ROCE的另一方面，我們必須考慮估值。這就是爲什麼我們在我們的平台上提供了有關TGLS的免費內在價值估算，這絕對值得一看。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果您想尋找更多獲得高回報的股票，請查看這個免費股票列表，這些股票不僅有紮實的資產負債表，而且還有高回報率。
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