EverCommerce (NASDAQ:EVCM) Is Experiencing Growth In Returns On Capital
EverCommerce (NASDAQ:EVCM) Is Experiencing Growth In Returns On Capital
0.019 = US$25m ÷ (US$1.5b - US$117m) 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in EverCommerce's (NASDAQ:EVCM) returns on capital, so let's have a look.
如果我們想要找到下一個翻倍股，有幾個關鍵趨勢需要關注。首先，我們希望看到資本使用回報率（ROCE）在增加，其次，資本使用基數在擴大。最終，這表明這是一個以遞增的回報率再投資利潤的業務。說到這一點，我們注意到EverCommerce（納斯達克:EVCM）的資本回報率出現了一些重大變化，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？
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on EverCommerce is:
如果您以前沒有使用過ROCE指標，它是用於衡量公司從其業務中使用的資本中產生的「回報」（稅前利潤）的。EverCommerce的計算公式爲：
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。
0.019 = US$25m ÷ (US$1.5b - US$117m) (Based on the trailing twelve months to June 2024).
0.019 = 2.5億美元 ÷（150億美元 - 1.17億美元）（截至2024年6月的過去十二個月）。
So, EverCommerce has an ROCE of 1.9%. Ultimately, that's a low return and it under-performs the Software industry average of 8.5%.
因此，EverCommerce的資本回報率爲1.9%。最終，這是一個較低的回報率，低於軟件行業平均值8.5%。
In the above chart we have measured EverCommerce's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for EverCommerce .
在上面的圖表中，我們已經測量了EverCommerce之前的ROCE與其之前的業績，但未來可能更重要。如果您感興趣，您可以在我們的免費EverCommerce分析師報告中查看分析師的預測。
What The Trend Of ROCE Can Tell Us
儘管如此，當我們看 enphase energy (納斯達克股票代碼：ENPH) 的時候，它似乎並沒有完全符合這些要求。
EverCommerce has recently broken into profitability so their prior investments seem to be paying off. Shareholders would no doubt be pleased with this because the business was loss-making four years ago but is is now generating 1.9% on its capital. Not only that, but the company is utilizing 28% more capital than before, but that's to be expected from a company trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance.
EverCommerce最近已經實現盈利，所以他們之前的投資似乎正在取得成效。股東無疑會對此感到高興，因爲該公司在四年前還虧損，但現在資本回報率達到了1.9%。不僅如此，公司使用的資本比以前多28%，但這在一個試圖實現盈利的公司身上是可以預料的。我們喜歡這個趨勢，因爲它告訴我們公司有盈利的再投資機會，並且如果未來繼續下去，這可能會帶來多倍的業績。
In Conclusion...
最後，同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好，因此投資者不太可能表現友好。自五年前以來，該股下跌了32%。除非這些指標朝着更積極的軌跡轉變，否則我們將繼續尋找其他股票。
In summary, it's great to see that EverCommerce has managed to break into profitability and is continuing to reinvest in its business. Given the stock has declined 51% in the last three years, this could be a good investment if the valuation and other metrics are also appealing. So researching this company further and determining whether or not these trends will continue seems justified.
總之，看到EverCommerce成功實現盈利並繼續對業務進行再投資真是令人高興。考慮到過去三年股價下跌了51%，如果估值和其他指標也具吸引力，這可能是一次不錯的投資。因此，進一步研究這家公司，並確定這些趨勢是否會持續，似乎是合理的。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for EVCM on our platform that is definitely worth checking out.
在ROCE的另一面，我們必須考慮估值。這就是爲什麼我們在我們的平台上有一個免費的內在價值估算值（EVCm），值得一看。
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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