Returns At Benchmark Electronics (NYSE:BHE) Are On The Way Up
Returns At Benchmark Electronics (NYSE:BHE) Are On The Way Up
0.082 = US$124m ÷ (US$2.2b - US$643m) To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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 Benchmark Electronics' (NYSE:BHE) returns on capital, so let's have a look.
想要找到一個股票的收益潛力，我們應該關注業務中的哪些基本趨勢呢？理想情況下，一個業務應該展現兩種趨勢；首先是不斷增長的資本利潤率（ROCE），其次是不斷增加的資本使用量。最終，這表明這是一家正在以不斷增加的回報率重新投資利潤的企業。順便提一句，我們注意到Benchmark Electronics（紐交所：BHE）的資本回報率出現了一些積極的變化，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。
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 Benchmark Electronics is:
只是爲了澄清，如果您不確定，ROCE是評估公司在其業務中投資的資本所賺取的稅前收入的指標（以百分比形式）。在Benchmark Electronics上進行這種計算的公式是：
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。
0.082 = US$124m ÷ (US$2.2b - US$643m) (Based on the trailing twelve months to June 2024).
0.082 = 1.24億美元 ÷（220億美元 - 6.43億美元）（截至2024年6月的過去十二個月）。
So, Benchmark Electronics has an ROCE of 8.2%. On its own, that's a low figure but it's around the 9.8% average generated by the Electronic industry.
因此，Benchmark Electronics的ROCE爲8.2%。就數值而言，這是一個較低的數字，但大約是電子行業所創造的9.8%的平均水平。
In the above chart we have measured Benchmark Electronics' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Benchmark Electronics for free.
在上面的圖表中，我們已經測量了Benchmark Electronics之前的ROCE與其過去的表現，但未來更重要。如果您希望，可以免費查看分析師們對Benchmark Electronics的預測。
What Can We Tell From Benchmark Electronics' ROCE Trend?
從Benchmark Electronics的ROCE趨勢中我們能得出什麼？
Benchmark Electronics' ROCE growth is quite impressive. The figures show that over the last five years, ROCE has grown 80% whilst employing roughly the same amount of capital. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.
Benchmark Electronics的ROCE增長相當令人印象深刻。數據顯示，在過去五年中，ROCE增長了80%，而資本投入基本相同。因此，我們認爲業務已經提高了效率，以產生這些更高的回報，同時並不需要進行任何額外投資。但仍值得進一步深入研究，因爲雖然業務更有效率是件好事，但同時也可能意味着未來內部投資的有機增長領域正在缺乏。
The Bottom Line On Benchmark Electronics' ROCE
關於Benchmark Electronics的ROCE的要點
To sum it up, Benchmark Electronics is collecting higher returns from the same amount of capital, and that's impressive. And with a respectable 65% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
總結一下，Benchmark Electronics從相同數量的資本中獲得了更高的回報，這令人印象深刻。而在過去五年中，持有該股票的人獲得了可觀的65%回報，可以說這些發展已經開始獲得應有的關注。因此，鑑於該股票已經證明了具有前景的趨勢，值得進一步研究該公司，以了解這些趨勢可能會持續下去。
One more thing, we've spotted 2 warning signs facing Benchmark Electronics that you might find interesting.
還有一件事，我們發現了面臨Benchmark Electronics的2個警示標誌，您可能會感興趣。
While Benchmark Electronics isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然Benchmark Electronics沒有賺取最高的回報，但請查看這份免費的公司列表，這些公司在資產負債表上獲得了高回報。
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