REV Group (NYSE:REVG) Is Looking To Continue Growing Its Returns On Capital
REV Group (NYSE:REVG) Is Looking To Continue Growing Its Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at REV Group (NYSE:REVG) so let's look a bit deeper.
找到一個潛力巨大的業務並不容易,但如果我們看一些關鍵的財務指標,這是可能的。首先,我們希望看到資本利用率(ROCE)增加的實現回報,其次是增長的資本利用率基礎。這向我們顯示,這是一個複利機器,能夠不斷將其收益重新投資到業務中,併產生更高的回報。考慮到這一點,我們注意到rev group(紐交所:REVG)一些令人期待的趨勢,所以讓我們深入一點看看。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
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. The formula for this calculation on REV Group is:
對於不了解的人,ROCE是一個公司每年稅前利潤(其收益)與業務中資本利用率相關的衡量標準。 在REV group的計算公式爲:
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。
0.15 = US$124m ÷ (US$1.3b - US$493m) (Based on the trailing twelve months to July 2024).
0.15 = 12400萬美元 ÷ (13億美元 - 4.93億美元)(截至2024年7月的過去十二個月)。
Thus, REV Group has an ROCE of 15%. That's a relatively normal return on capital, and it's around the 13% generated by the Machinery industry.
因此,rev group的ROCE爲15%。 這是一個相對正常的資本回報率,大約是機械行業產生的13%左右。
In the above chart we have measured REV Group'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 REV Group .
在上面的圖表中,我們已經衡量了rev group先前的ROCE與其先前的表現,但未來可能更重要。如果您想了解分析師對未來的預測,請查看我們爲rev group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。
REV Group's ROCE growth is quite impressive. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 216% over the last five years. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
rev group的ROCE增長非常令人印象深刻。從數據來看,儘管企業中使用的資本保持相對穩定,但過去五年中實現的ROCE已增長216%。基本上,企業從同等資本中獲得了更高的回報,這證明公司的效率有所提高。從這個意義上講,公司表現不錯,值得調查管理團隊對長期增長前景有何計劃。
What We Can Learn From REV Group's ROCE
我們可以從rev group的ROCE學到什麼
As discussed above, REV Group appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And a remarkable 131% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
如上所述,rev group似乎在生成回報方面變得更加熟練,因爲使用的資本保持不變,但收入(利息和稅前)有所增加。過去五年中出色的131%總回報告訴我們,投資者正在期待未來出現更多好事。話雖如此,我們仍認爲,有望實現的基本面意味着公司值得進行進一步的盡職調查。
If you'd like to know more about REV Group, we've spotted 4 warning signs, and 3 of them don't sit too well with us.
如果您想了解更多關於rev group的信息,我們已經發現了4個警示信號,其中有3個並不讓我們滿意。
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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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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