FARO Technologies' (NASDAQ:FARO) Returns On Capital Are Heading Higher
FARO Technologies' (NASDAQ:FARO) Returns On Capital Are Heading Higher
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, FARO Technologies (NASDAQ:FARO) looks quite promising in regards to its trends of return on capital.
你知道有一些財務指標可以提供潛在多倍收益公司的線索嗎?在完美的世界中,我們希望看到一家公司在其業務中投入更多的資本,並且理想情況下,這些資本所獲得的回報也在增加。最終,這表明這是一項以不斷增加的回報率再投資利潤的業務。因此,就這一點而言,法如科技(納斯達克:FARO)在其資本回報趨勢方面看起來非常有前景。
Return On Capital Employed (ROCE): What Is It?
資本回報率(ROCE):它是什麼?
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 FARO Technologies, this is the formula:
如果您以前沒有使用過資本回報率(ROCE),它測量公司從投入其業務的資本中產生的「回報」(稅前利潤)。要計算法如科技的這個指標,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)
0.027 = US$10m ÷ (US$490m - US$113m) (Based on the trailing twelve months to September 2024).
0.027 = 1000萬美元 ÷ (49000萬美元 - 113萬美元) (基於截止到2024年9月的過去12個月數據)。
Therefore, FARO Technologies has an ROCE of 2.7%. Ultimately, that's a low return and it under-performs the Electronic industry average of 10%.
因此,法如科技的資本回報率(ROCE)爲2.7%。最終,這是一個低迴報,並且低於電子行業平均水平的10%。
Above you can see how the current ROCE for FARO Technologies 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 FARO Technologies .
上面可以看到法如科技目前的資本回報率與其以前的資本回報相比,但從過去的信息中能夠得出的結論是有限的。如果您感興趣,可以查看我們爲法如科技提供的免費分析師報告中的預測。
So How Is FARO Technologies' ROCE Trending?
那麼法如科技的資本回報率趨勢如何?
Shareholders will be relieved that FARO Technologies has broken into profitability. The company now earns 2.7% on its capital, because five years ago it was incurring losses. Interestingly, the capital employed by the business has remained relatively flat, so these higher returns are either from prior investments paying off or increased efficiencies. With no noticeable increase in capital employed, it's worth knowing what the company plans on doing going forward in regards to reinvesting and growing the business. Because in the end, a business can only get so efficient.
股東們會感到欣慰,因爲法如科技已經實現了盈利。該公司現在在資本上的回報率爲2.7%,而五年前它還在虧損。有趣的是,企業所使用的資本相對平穩,因此這些更高的回報要麼來自於以前投資的回報,要麼是因爲提高了效率。由於使用的資本沒有明顯增加,了解公司在再投資和業務增長方面的未來計劃是很重要的。因爲最終,一家公司只能提高到一定的效率。
Our Take On FARO Technologies' ROCE
我們對法如科技資本回報率的看法
To sum it up, FARO Technologies is collecting higher returns from the same amount of capital, and that's impressive. And since the stock has fallen 47% over the last five years, there might be an opportunity here. With that in mind, we believe the promising trends warrant this stock for further investigation.
總結來說,法如科技從相同數量的資本中獲得了更高的回報,這非常令人印象深刻。並且由於該股票在過去五年中下跌了47%,這可能是一個機會。考慮到這一點,我們認爲這些有希望的趨勢值得對該股票進行進一步調查。
One more thing: We've identified 4 warning signs with FARO Technologies (at least 1 which makes us a bit uncomfortable) , and understanding these would certainly be useful.
還有一件事:我們已經確定了法如科技的4個警告信號(其中至少一個讓我們感到不安),了解這些顯然會很有幫助。
While FARO Technologies 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.
雖然法如科技目前可能沒有獲得最高的回報,但我們已經編制了一份當前回報率超過25%的公司的名單。請在此查看這個免費名單。
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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.
對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。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在提到的任何股票中均沒有持倉。
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