Century Communities (NYSE:CCS) Is Doing The Right Things To Multiply Its Share Price
Century Communities (NYSE:CCS) Is Doing The Right Things To Multiply Its Share Price
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Century Communities' (NYSE:CCS) returns on capital, so let's have a look.
如果你不確定從哪裏開始尋找下一個多倍利潤股，有幾個關鍵趨勢是值得關注的。一種常見的方法是嘗試找到一個資本使用回報率 (ROCE) 不斷增長，並且資本使用額在增加的公司。基本上，這意味着一個公司擁有有利可圖的倡議，可以繼續投資，這是一個複合機器的特徵。說到這一點，我們注意到Century Communities (紐交所: CCS) 的資本回報率表現出一些很棒的變化，讓我們來看看。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較，但過去只能知道這麼多。如果您感興趣，可以查看我們免費的蒙托克可再生能源分析師報告，了解分析師的預測。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Century Communities:
如果你以前沒有接觸過ROCE，它衡量了公司從業務中使用的資本創造的「回報」（稅前利潤）。分析師使用這個公式來計算Century Communities的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。
0.12 = US$446m ÷ (US$4.3b - US$659m) (Based on the trailing twelve months to June 2024).
0.12 = 4.46億美元 ÷ (430億美元 - 6.59億美元)（截至2024年6月的過去十二個月）。
Thus, Century Communities has an ROCE of 12%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Consumer Durables industry average of 14%.
因此，Century Communities的ROCE爲12%。從絕對值來看，這是一個相當正常的回報，而且它與耐用消費品行業平均水平14%相當接近。
Above you can see how the current ROCE for Century Communities 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 Century Communities .
從上面你可以看到Century Communities的當前而不是之前對資本的回報率。但是你能從過去得知的信息有限。 如果你感興趣，你可以查閱我們爲Century Communities提供的免費分析師報告，裏面包含了分析師的預測。
What Can We Tell From Century Communities' ROCE Trend?
我們從Century Communities的ROCE趨勢中能得出什麼結論呢？
We like the trends that we're seeing from Century Communities. Over the last five years, returns on capital employed have risen substantially to 12%. The amount of capital employed has increased too, by 71%. 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.
我們喜歡我們從Century Communities正在看到的趨勢。在過去五年中，資本利用率的回報率顯著提高至12%。同時，投入的資本量也增加了71%。這可以表明在內部和更高的利率下，有很多投資資本的機會，這在不少大贏家中都很常見。
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 Century Communities 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 with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
總之，令人高興的是，Century Communities能夠通過持續以遞增的回報率重新投資資本，這是一些備受追捧的大贏家的關鍵要素之一。而且在過去五年中，該股表現異常出色，投資者對這些模式有所體現。話雖如此，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。
One final note, you should learn about the 2 warning signs we've spotted with Century Communities (including 1 which is a bit concerning) .
最後一點，你應該了解我們發現的與Century Communities有關的兩個警示標誌（其中一個有點令人擔憂）。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想尋找財務狀況良好、回報卓越的實力強企業，可以免費查看以下公司列表。
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