The Return Trends At Full Truck Alliance (NYSE:YMM) Look Promising
The Return Trends At Full Truck Alliance (NYSE:YMM) Look Promising
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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 when we looked at Full Truck Alliance (NYSE:YMM) and its trend of ROCE, we really liked what we saw.
如果我們想找到一個股票,在長期內能夠成倍增長,我們應該關注哪些潛在趨勢? 其他方面,我們希望看到兩件事情; 首先,資本運營回報率(ROCE)增長,其次,公司資本運營額的擴張。 基本上,這意味着公司有利潤項目可以繼續進行再投資,這是一個複利機器的特點。 因此,當我們看到滿幫(紐交所:YMM)及其ROCE趨勢時,我們真的很喜歡我們所看到的。
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. To calculate this metric for Full Truck Alliance, this is the formula:
如果您以前沒有使用過ROCE,它衡量了公司從其業務中資本運營獲取的「回報」(稅前利潤)。 要爲滿幫計算此指標,這是公式:
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。
0.04 = CN¥1.4b ÷ (CN¥40b - CN¥3.3b) (Based on the trailing twelve months to June 2024).
0.04 = 14億人民幣 ÷ (400億人民幣 - 33億人民幣)(截至2024年6月的過去十二個月)。
Therefore, Full Truck Alliance has an ROCE of 4.0%. Ultimately, that's a low return and it under-performs the Transportation industry average of 6.6%.
因此,滿幫的ROCE爲4.0%。 最終,那是一個較低的回報,低於運輸行業平均6.6%。
In the above chart we have measured Full Truck Alliance's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Full Truck Alliance .
在上面的圖表中,我們已經衡量了滿幫之前的ROCE和之前的業績,但未來可能更重要。如果您感興趣,可以查看我們爲滿幫提供的免費分析師報告中的分析師預測。
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're delighted to see that Full Truck Alliance is reaping rewards from its investments and is now generating some pre-tax profits. Shareholders would no doubt be pleased with this because the business was loss-making four years ago but is is now generating 4.0% on its capital. And unsurprisingly, like most companies trying to break into the black, Full Truck Alliance is utilizing 153% more capital than it was four years ago. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
我們很高興看到滿幫從其投資中獲得回報,現在也開始產生一些稅前利潤。股東無疑會爲此感到高興,因爲四年前企業還在虧損,而現在在資本上獲得了4.0%的回報。並且像大多數試圖扭虧爲盈的公司一樣,滿幫比四年前利用的資本增加了153%。這告訴我們公司有很多能夠帶來更高回報的重新投資機會。
The Bottom Line On Full Truck Alliance's ROCE
滿幫ROCE的核心觀點
Long story short, we're delighted to see that Full Truck Alliance's reinvestment activities have paid off and the company is now profitable. Astute investors may have an opportunity here because the stock has declined 36% in the last three years. With that in mind, we believe the promising trends warrant this stock for further investigation.
長話短說,我們很高興看到滿幫的再投資活動取得了成功,公司現在盈利了。審慎的投資者可能有機會,因爲該股在過去三年下跌了36%。考慮到這一點,我們認爲有希望的趨勢值得進一步調查該股。
On a separate note, we've found 1 warning sign for Full Truck Alliance you'll probably want to know about.
另外,我們發現滿幫有1個警示信號,您可能希望了解。
While Full Truck Alliance 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.
雖然滿幫目前可能沒有獲得最高回報,但我們已經整理了一份當前股本回報率超過25%的公司名單。在此處查看這份免費名單。
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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。
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