Interpublic Group of Companies (NYSE:IPG) Is Looking To Continue Growing Its Returns On Capital
Interpublic Group of Companies (NYSE:IPG) Is Looking To Continue Growing Its Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. 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. With that in mind, we've noticed some promising trends at Interpublic Group of Companies (NYSE:IPG) so let's look a bit deeper.
如果我們想找到下一個股市巨鱷，有幾個關鍵趨勢要注意。一種常見的方法是尋找ROCE不斷增長且資本投入不斷增加的公司。基本上意味着公司有利潤豐厚的計劃可以繼續投資，這是複利機器的特點。鑑於此，我們注意到Interpublic Group of Companies（紐交所：IPG）正在出現一些有前景的趨勢，讓我們來深入了解一下。
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 who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Interpublic Group of Companies:
對於不了解ROCE的人來說，ROCE是一個公司每年稅前利潤（回報）相對於所投資資本的度量標準。分析師使用這個公式計算Interpublic Group of Companies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。
0.17 = US$1.5b ÷ (US$17b - US$8.3b) (Based on the trailing twelve months to June 2024).
0.17 = 15億美元 ÷ (170億美元 - 8.3億美元) (基於截至2024年6月的過去十二個月)。
Therefore, Interpublic Group of Companies has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Media industry average of 10% it's much better.
因此，Interpublic Group of Companies的ROCE爲17%。從絕對值來說，這是一個令人滿意的回報率，但與媒體行業平均水平的10%相比，要好得多。
Above you can see how the current ROCE for Interpublic Group of Companies compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Interpublic Group of Companies .
您可以看到Interpublic Group of Companies當前的資本回報率（ROCE）與其之前的資本回報率相比，但過去只能告訴您這麼多。如果您想了解分析師們對未來的預測，應該查看我們爲Interpublic Group of Companies提供的免費分析師報告。
The Trend Of ROCE
當尋找下一個倍增器時，如果您不確定從哪裏開始，請關注幾個關鍵趨勢。首先，我們希望看到一個經過驗證的資本使用率。如果您看到這一點，通常意味着這是一家擁有出色業務模式和大量盈利再投資機會的公司。然而，調查蒙托克可再生能源公司（NASDAQ：MNTK）後，我們認爲它的現行趨勢不符合倍增器的模式。
Interpublic Group of Companies is showing promise given that its ROCE is trending up and to the right. The figures show that over the last five years, ROCE has grown 36% whilst employing roughly the same amount of capital. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
Interpublic Group of Companies顯示出潛力，因爲其資本回報率（ROCE）呈上升趨勢。數據顯示，在過去的五年裏，ROCE增長了36%，同時使用的資本數量大致相同。因此，很可能業務現在正在收穫過去投資的全部好處，因爲使用的資本並沒有發生顯著變化。公司在這個意義上表現良好，值得調查管理團隊對長期增長前景的計劃。
Another thing to note, Interpublic Group of Companies has a high ratio of current liabilities to total assets of 49%. 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.
另一點需要注意的是，Interpublic Group of Companies的流動負債與總資產的比率高達49%。這可能帶來一些風險，因爲公司基本上在相當大程度上依賴供應商或其他類型的短期債權人。雖然這不一定是壞事，但如果這個比率更低會更有利。
The Key Takeaway
重要提示
In summary, we're delighted to see that Interpublic Group of Companies has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 75% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.
總的來說，我們很高興看到Interpublic Group of Companies能夠提高效率並在相同資本下獲得更高的回報率。而投資者似乎期待未來會更有所表現，因爲過去五年該股票爲股東帶來了75%的回報。因此，我們認爲值得您花時間驗證這些趨勢是否會持續。
While Interpublic Group of Companies looks impressive, no company is worth an infinite price. The intrinsic value infographic for IPG helps visualize whether it is currently trading for a fair price.
雖然Interpublic Group of Companies看起來令人印象深刻，但沒有任何公司值得無限價格。 IPG的內在價值信息圖有助於可視化它當前是否正在以公平價格交易。
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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