PTC (NASDAQ:PTC) Shareholders Will Want The ROCE Trajectory To Continue
PTC (NASDAQ:PTC) Shareholders Will Want The ROCE Trajectory To Continue
0.11 = US$519m ÷ (US$6.1b - US$1.6b) There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's 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. So on that note, PTC (NASDAQ:PTC) looks quite promising in regards to its trends of return on capital.
如果我們想要找到下一個多倍股，有幾個關鍵趨勢需要關注。其中，我們希望看到兩個方面的情況：首先，資本使用回報率（ROCE）的增長；其次，公司的資本使用量的擴大。基本上，這意味着一個公司擁有有利可圖的舉措，可以繼續投資，這是一個複利機器的特徵。所以在這個問題上，PTC（納斯達克代碼：PTC）在資本回報趨勢方面看起來非常有前途。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on PTC is:
僅供澄清，如果您不確定，ROCE是一個評估公司在其業務中投資的資本上賺取多少稅前收入（以百分比形式）的指標。該計算公式在PTC上是：
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。
0.11 = US$519m ÷ (US$6.1b - US$1.6b) (Based on the trailing twelve months to June 2024).
0.11 = 51900萬美元 ÷ （61億美元 - 1.6億美元）（基於截至2024年6月的過去十二個月）。
Thus, PTC has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 8.2% generated by the Software industry.
因此，PTC的ROCE爲11%。就單獨而言，這是一個標準的回報率，但比軟件行業的8.2%要好得多。
In the above chart we have measured PTC's 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 PTC .
在上面的圖表中，我們對PTC的前ROCE進行了測量，並與其之前的業績進行了對比，但未來無疑更爲重要。如果您想了解分析師對未來的預測情況，可以查看我們免費的PTC分析師報告。
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。
We like the trends that we're seeing from PTC. Over the last five years, returns on capital employed have risen substantially to 11%. 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 123%. So we're very much inspired by what we're seeing at PTC thanks to its ability to profitably reinvest capital.
我們喜歡從PTC所看到的趨勢。在過去的五年中，資本使用回報率大幅提高至11%。公司有效地利用資本獲得更多利潤，並值得注意的是，資本金額也增加了123%。因此，我們對PTC的能力以盈利再投資資本感到非常鼓舞。
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。
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what PTC has. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if PTC can keep these trends up, it could have a bright future ahead.
一家不斷提高資本回報率並能持續投資自身的公司是非常受追捧的特點，而PTC正具備這些特點。隨着過去五年中股票表現異常強勁，這些趨勢正在被投資者所看重。鑑於此，我們認爲進一步了解這支股票是值得的，因爲如果PTC能保持這些趨勢，它可能會有一個輝煌的未來。
If you want to continue researching PTC, you might be interested to know about the 2 warning signs that our analysis has discovered.
如果您想繼續研究PTC，您可能會對我們的分析發現的2個警告信號感興趣。
While PTC isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管PTC的回報率並不是最高的，但請查看這個自由列表上的公司，這些公司在權益回報率和資產負債表方面表現良好。
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