share_log

Pinterest (NYSE:PINS) Is Experiencing Growth In Returns On Capital

Pinterest (NYSE:PINS) Is Experiencing Growth In Returns On Capital

pinterest(紐交所:PINS)的資本回報率正在增長
Simply Wall St ·  10/20 22:03

If you're looking for a multi-bagger, there's a few things to 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at Pinterest (NYSE:PINS) so let's look a bit deeper.

如果你正在尋找一個潛力巨大的股票,有幾個要點需要留意。一個常見的方法是嘗試找到一個資本回報率(ROCE)逐漸增加的公司,並伴隨着資本的不斷增長。如果你看到這一點,通常意味着這是一個具有極佳商業模式和充足盈利再投資機會的公司。考慮到這一點,我們注意到Pinterest(紐約證券交易所:PINS)有一些令人期待的趨勢,讓我們深入了解一下。

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 Pinterest:

如果你以前沒有接觸過ROCE,它衡量的是公司從經營中使用的資本中產生的『回報』(稅前利潤)。分析師使用此公式來計算Pinterest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。

0.072 = US$242m ÷ (US$3.7b - US$368m) (Based on the trailing twelve months to June 2024).

0.072 = 24200萬美元 ÷(37億美元 - 3.68億美元)(基於2024年6月的過去十二個月)。

So, Pinterest has an ROCE of 7.2%. On its own, that's a low figure but it's around the 6.3% average generated by the Interactive Media and Services industry.

因此,Pinterest的ROCE爲7.2%。單獨看,這個數字較低,但大致等於互動媒體和服務行業平均值6.3%。

big
NYSE:PINS Return on Capital Employed October 20th 2024
2024年10月20日紐約證券交易所:PINS資本僱用回報率

Above you can see how the current ROCE for Pinterest 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 Pinterest .

在上面,您可以看到Pinterest當前的資本回報率與其之前的資本回報率相比,但僅憑過去的數據是無法得出太多結論的。如果您想了解分析師對未來的預測,您應該查看我們爲Pinterest提供的免費分析師報告。

What The Trend Of ROCE Can Tell Us

儘管如此,當我們看 enphase energy (納斯達克股票代碼:ENPH) 的時候,它似乎並沒有完全符合這些要求。

The fact that Pinterest is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 7.2% which is a sight for sore eyes. In addition to that, Pinterest is employing 50% more capital than previously which is expected of a company that's 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.

Pinterest現在從之前的投資中獲得了一些稅前利潤,這是非常令人鼓舞的。五年前,該公司虧損,但現在卻賺取了7.2%,這是一個令人欣慰的跡象。除此之外,Pinterest比以前多使用了50%的資本,這是一家試圖實現盈利的公司所期望的。我們喜歡這個趨勢,因爲它告訴我們該公司有盈利的再投資機會,如果它繼續下去,可能會帶來多重收益。

The Bottom Line On Pinterest's ROCE

Pinterest資本回報率的底線

Long story short, we're delighted to see that Pinterest's reinvestment activities have paid off and the company is now profitable. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 28% to shareholders. Given that, we'd look further into this stock in case it has more traits that could make it multiply in the long term.

長話短說,我們很高興看到Pinterest的再投資活動取得了成功,公司現在已經盈利了。投資者可能還沒有對有利的基本趨勢感到滿意,因爲在過去的五年裏,該股票僅爲股東們帶來了28%的回報。鑑於這一點,我們將進一步研究該股票,以查看其是否具有更多能使其長期成倍增長的特質。

Pinterest does have some risks though, and we've spotted 2 warning signs for Pinterest that you might be interested in.

Pinterest確實存在一些風險,我們已經發現了2個對Pinterest可能感興趣的警示信號。

While Pinterest may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.

雖然Pinterest目前可能沒有獲得最高回報,但我們已經整理了一份目前獲得25%以上股本回報的公司名單。在這裏查看這份免費名單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
    搶先評論