Rush Street Interactive (NYSE:RSI) Is Experiencing Growth In Returns On Capital
Rush Street Interactive (NYSE:RSI) Is Experiencing Growth In Returns On Capital
0.042 = US$8.7m ÷ (US$363m - US$156m) If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Rush Street Interactive (NYSE:RSI) looks quite promising in regards to its trends of return on capital.
如果您對尋找下一個多倍收益的股票不確定從哪裏開始，有幾個關鍵趨勢您應該密切關注。首先，我們希望確定資本運營回報率（ROCE）正在增長，然後同時，資本運營的基礎也在不斷增加。簡單來說，這些類型的企業是複利機器，意味着它們不斷以更高的回報率重新投資其收益。因此，在這一點上，Rush Street Interactive（紐交所:RSI）在資本回報率的趨勢方面看起來相當有前景。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法：正如我們上面看到的，Enphase Energy 的資本回報率沒有提高，但它正在重新投資於業務。投資者必須認爲未來會有更好的前景，因爲股票表現良好，使持股五年以上的股東獲得了 690% 的收益。最終，如果基本趨勢持續存在，我們不會對它成爲一隻多頭股持有期很久很有信心。
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 Rush Street Interactive is:
對於那些不了解的人，ROCE是一個公司年度稅前利潤（其回報）與企業資本運營之間的關係度量。在Rush Street Interactive上進行這個計算的公式是：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資本利用率 = 利息和稅前利潤（EBIT） ÷ （總資產 - 流動負債）
0.042 = US$8.7m ÷ (US$363m - US$156m) (Based on the trailing twelve months to September 2024).
0.042 = US$870萬 ÷ (US$36300萬 - US$156m)（基於2024年9月的過去十二個月）。
Therefore, Rush Street Interactive has an ROCE of 4.2%. Ultimately, that's a low return and it under-performs the Hospitality industry average of 8.6%.
因此，Rush Street Interactive的資本運營回報率爲4.2%。最終，這是一個低迴報，低於酒店行業平均水平8.6%。
Above you can see how the current ROCE for Rush Street Interactive 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 Rush Street Interactive .
在上面，您可以看到Rush Street Interactive的當前資本回報率與其之前的資本回報率相比，但過去能告訴您的信息有限。如果您想了解分析師對未來的預測，您應該查看我們爲Rush Street Interactive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。
It's great to see that Rush Street Interactive has started to generate some pre-tax earnings from prior investments. The company was generating losses three years ago, but now it's turned around, earning 4.2% which is no doubt a relief for some early shareholders. Additionally, the business is utilizing 40% less capital than it was three years ago, and taken at face value, that can mean the company needs less funds at work to get a return. The reduction could indicate that the company is selling some assets, and considering returns are up, they appear to be selling the right ones.
很高興看到Rush Street Interactive開始從之前的投資中產生一些稅前收益。三年前公司虧損，但是現在已經扭虧爲盈，賺取了4.2%，這無疑是一些早期股東的解脫。此外，該業務使用的資本比三年前少了40%，簡單地說，這意味着公司需要更少的資金來獲取回報。這種減少可能表明公司正在出售一些資產，並且考慮到回報率上升，他們似乎在出售正確的資產。
On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Effectively this means that suppliers or short-term creditors are now funding 43% of the business, which is more than it was three years ago. Given it's pretty high ratio, we'd remind investors that having current liabilities at those levels can bring about some risks in certain businesses.
另外，我們注意到ROCE的改善似乎部分受到流動負債的增加推動。實際上，這意味着供應商或短期債權人現在爲該業務的43%提供資金，比三年前多。鑑於這個比率相當高，我們提醒投資者，在某些企業中，流動負債達到這個水平可能帶來一些風險。
The Bottom Line On Rush Street Interactive's ROCE
Rush Street Interactive的ROCE核心要點
In the end, Rush Street Interactive has proven it's capital allocation skills are good with those higher returns from less amount of capital. Astute investors may have an opportunity here because the stock has declined 29% in the last three years. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
最終，Rush Street Interactive已經證明其資本配置技能良好，能夠用更少的資本獲得更高的回報。 睿智的投資者可能會在這裏看到機會，因爲該股票在過去三年中下跌了29%。鑑於這種情況，對公司目前的估值指標和未來前景進行研究似乎是合適的。
On a final note, we've found 1 warning sign for Rush Street Interactive that we think you should be aware of.
最後，我們發現Rush Street Interactive存在1個警告信號，我們認爲您應該注意。
While Rush Street Interactive 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Rush Street Interactive的回報率不是最高的，但請查看這份免費的公司列表，這些公司在股權方面獲得了高回報，並擁有穩健的資產負債表。
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論，使用公正的方法，我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議，並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
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