We Like Clear Secure's (NYSE:YOU) Returns And Here's How They're Trending
We Like Clear Secure's (NYSE:YOU) Returns And Here's How They're Trending
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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. And in light of that, the trends we're seeing at Clear Secure's (NYSE:YOU) look very promising so lets take a look.
你知道有一些財務指標可以提供潛在多倍收益的線索嗎？首先，我們希望找到一個不斷增長的資本使用回報率(ROCE)，並且與此同時，一個越來越大的資本使用基數。從這可以看出，這是一臺複利機器，能夠不斷將其收益重新投資到業務中，併產生更高的回報。鑑於此，在Clear Secure (紐交所:YOU)的趨勢看起來非常有前途，所以讓我們來看一看。
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. To calculate this metric for Clear Secure, this is the formula:
對於那些不確定ROCE是什麼的人來說，它衡量了一家公司可以從其業務中使用的資本獲得的稅前利潤的數量。爲了計算Clear Secure的這一指標，使用以下公式：
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。
0.25 = US$86m ÷ (US$982m - US$633m) (Based on the trailing twelve months to June 2024).
0.25 = 8600萬美元 ÷ (98200萬美元 - 6330萬美元)（以2024年6月爲基礎的過去12個月）
So, Clear Secure has an ROCE of 25%. In absolute terms that's a great return and it's even better than the Software industry average of 8.4%.
因此，Clear Secure的ROCE爲25%。從絕對角度來看，這是一個很好的回報，甚至超過了軟件行業平均水平8.4%。
Above you can see how the current ROCE for Clear Secure compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Clear Secure for free.
以上您可以看到Clear Secure的當前資本回報率與其先前的資本回報率相比，但過去只能告訴我們這麼多。如果您願意，您可以免費查看Covering Clear Secure的分析師的預測。
How Are Returns Trending?
綜合上述，Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定，如果其他指標也不錯，則可能存在機會。因此，進一步研究這家公司並確定這些趨勢是否會持續是合理的。
Clear Secure has recently broken into profitability so their prior investments seem to be paying off. About four years ago the company was generating losses but things have turned around because it's now earning 25% on its capital. Not only that, but the company is utilizing 189% 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.
Clear Secure最近已經實現盈利，因此他們先前的投資似乎正在取得回報。大約四年前，該公司正在產生虧損，但情況已經好轉，因爲現在它的資本回報率達到了25%。不僅如此，公司利用的資本比以前多了189%，但這在公司試圖實現盈利性時是可以預料的。我們喜歡這種趨勢，因爲它告訴我們公司有盈利的再投資機會，並且如果未來持續下去，這可能會帶來多倍業績。
On a side note, Clear Secure's current liabilities are still rather high at 64% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
另外，Clear Secure目前的流動負債仍然相當高，佔總資產的64%。這可能會帶來一些風險，因爲公司基本上在其供應商或其他類型的短期債權人方面有相當大的依賴。雖然這不一定是壞事，但如果這個比率更低則會更有益。
The Bottom Line On Clear Secure's ROCE
關於Clear Secure的資本回報率底線
To the delight of most shareholders, Clear Secure has now broken into profitability. Given the stock has declined 30% 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.
令大多數股東感到高興的是，Clear Secure現在已經實現了盈利。考慮到過去三年股價下跌了30%，如果估值和其他指標也令人滿意，這可能是一個不錯的投資。因此，進一步研究這家公司，以確定這些趨勢是否會持續似乎是合理的。
If you want to continue researching Clear Secure, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果您想繼續研究Clear Secure，那麼您可能會對我們分析發現的1個警告信號感興趣。
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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