Investors Will Want SS&C Technologies Holdings' (NASDAQ:SSNC) Growth In ROCE To Persist
Investors Will Want SS&C Technologies Holdings' (NASDAQ:SSNC) Growth In ROCE To Persist
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, 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. Speaking of which, we noticed some great changes in SS&C Technologies Holdings' (NASDAQ:SSNC) returns on capital, so let's have a look.
要找到一只多倍回报的股票,我们应该关注业务中的哪些基本趋势?通常,我们希望注意到资本回报率(ROCE)增长的趋势,以及随之而来的资本投入基础的扩展。这表明它是一个复合收益机器,能够持续将收益再投资于业务并产生更高的回报。说到这一点,我们注意到SS&C科技控股公司(纳斯达克:SSNC)资本回报率发生了一些重大变化,看看吧。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法:正如我们上面看到的,Enphase Energy 的资本回报率没有提高,但它正在重新投资于业务。投资者必须认为未来会有更好的前景,因为股票表现良好,使持股五年以上的股东获得了 690% 的收益。最终,如果基本趋势持续存在,我们不会对它成为一只多头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. To calculate this metric for SS&C Technologies Holdings, this is the formula:
对于那些不知道的人来说,ROCE是公司年度税前利润(其回报)相对于业务中投入资本的一个衡量指标。要计算SS&C科技控股公司的这一指标,可以使用以下公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资本利用率 = 利息和税前利润(EBIT) ÷ (总资产 - 流动负债)
0.089 = US$1.4b ÷ (US$18b - US$3.2b) (Based on the trailing twelve months to September 2024).
0.089 = 14亿美元 ÷ (180亿美元 - 32亿美元) (基于截至2024年9月的过去12个月数据)。
Therefore, SS&C Technologies Holdings has an ROCE of 8.9%. In absolute terms, that's a low return and it also under-performs the Professional Services industry average of 15%.
因此,SS&C科技控股公司的ROCE为8.9%。绝对值上看,这是一个低回报,也低于专业服务行业平均水平的15%。
Above you can see how the current ROCE for SS&C Technologies Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for SS&C Technologies Holdings .
在上面,您可以看到SS&C Technologies Holdings当前的资本回报率与其过去的资本回报率相比,但从过去所能得到的信息是有限的。如果您感兴趣,可以在我们的SS&C Technologies Holdings免费分析师报告中查看分析师的预测。
What Can We Tell From SS&C Technologies Holdings' ROCE Trend?
我们能从SS&C Technologies Holdings的资本回报率趋势中得出什么结论?
SS&C Technologies Holdings has not disappointed with their ROCE growth. 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 32% 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. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.
SS&C Technologies Holdings在资本回报率增长方面没有让人失望。查看数据,我们可以看到,尽管业务中占用的资本相对持平,但过去五年内产生的资本回报率增长了32%。基本上,企业从相同数量的资本中获得了更高的回报,这证明了公司效率的提高。在这一点上,情况看起来很好,所以值得探讨管理层关于未来增长计划的说法。
What We Can Learn From SS&C Technologies Holdings' ROCE
我们可以从SS&C Technologies Holdings的资本回报率中学到什么
To sum it up, SS&C Technologies Holdings is collecting higher returns from the same amount of capital, and that's impressive. Considering the stock has delivered 38% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. Given that, we'd look further into this stock in case it has more traits that could make it multiply in the long term.
总而言之,SS&C Technologies Holdings从相同数量的资本中获得了更高的回报,这令人印象深刻。考虑到该股票在过去五年中为其股东带来了38%的回报,可能可以公平地认为投资者尚未充分意识到这些有希望的趋势。鉴于此,我们将进一步研究这只股票,以防它具有更多可能使其在长期内增值的特征。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for SS&C Technologies Holdings (of which 1 is a bit unpleasant!) that you should know about.
由于几乎每家公司都面临一些风险,因此了解它们是什么是值得的,我们发现SS&C Technologies Holdings有2个警告信号(其中1个有点不愉快!),您应该了解这些风险。
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