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There's Been No Shortage Of Growth Recently For Acadia Healthcare Company's (NASDAQ:ACHC) Returns On Capital

There's Been No Shortage Of Growth Recently For Acadia Healthcare Company's (NASDAQ:ACHC) Returns On Capital

阿卡迪亞醫療保健公司(納斯達克:ACHC)最近的資本回報增長沒有短缺。
Simply Wall St ·  01/28 12:19

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount 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. So when we looked at Acadia Healthcare Company (NASDAQ:ACHC) and its trend of ROCE, we really liked what we saw.

如果我們想找到一隻可以在開多期內翻倍的股票,我們應該尋找什麼樣的基本趨勢?一種常見的方法是嘗試找到一家公司,其資本使用回報率(ROCE)正在增長,同時使用的資本也在增加。這表明這是一臺複合機器,能夠不斷將其收益再投資於業務中併產生更高的回報。因此,當我們查看阿卡迪亞醫療保健公司(納斯達克:ACHC)及其ROCE的趨勢時,我們真的很喜歡我們所看到的。

Return On Capital Employed (ROCE): What Is It?

資本回報率(ROCE):它是什麼?

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Acadia Healthcare Company, this is the formula:

對於那些不確定ROCE是什麼的人,它衡量的是一家公司可以從其業務中使用的資本生成的稅前利潤的數量。要計算阿卡迪亞醫療保健公司的這一指標,公式如下:

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)

0.10 = US$544m ÷ (US$5.9b - US$610m) (Based on the trailing twelve months to September 2024).

0.10 = US$54400萬 ÷ (US$59億 - US$610m)(基於截至2024年9月的過去十二個月)。

So, Acadia Healthcare Company has an ROCE of 10%. By itself that's a normal return on capital and it's in line with the industry's average returns of 10%.

因此,阿卡迪亞醫療保健公司的ROCE爲10%。單獨來看,這是一個正常的資本回報,與行業平均回報的10%相符。

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NasdaqGS:ACHC Return on Capital Employed January 28th 2025
納斯達克GS:ACHC 資本使用回報率 2025年1月28日

Above you can see how the current ROCE for Acadia Healthcare Company 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 Acadia Healthcare Company .

上面可以看到阿卡迪亞醫療保健公司的當前資本回報率(ROCE)與其以往資本回報率的對比,但從過去的數據中我們所能了解到的信息是有限的。如果您想了解分析師對未來的預測,您應該查看我們爲阿卡迪亞醫療保健公司提供的免費分析師報告。

What The Trend Of ROCE Can Tell Us

ROCE的趨勢可以告訴我們什麼

Acadia Healthcare Company is showing promise given that its ROCE is trending up and to the right. The figures show that over the last five years, ROCE has grown 63% whilst employing roughly the same amount of capital. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.

考慮到阿卡迪亞醫療保健公司的ROCE正在上升,業務顯示出希望。數據顯示,在過去五年中,ROCE增長了63%,同時使用的資本量大致相同。因此我們認爲,該業務提高了效率,創造了更高的回報,而無需進行任何額外投資。不過,深入研究一下這點是值得的,因爲雖然這家公司更有效率,但這也可能意味着未來內部投資有機增長的領域略顯不足。

The Key Takeaway

關鍵要點

To sum it up, Acadia Healthcare Company is collecting higher returns from the same amount of capital, and that's impressive. Since the stock has only returned 37% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.

總的來說,阿卡迪亞醫療保健公司從相同的資本中收穫了更高的回報,這令人印象深刻。由於在過去五年中,股票僅爲股東帶來了37%的回報,這些良好的基本面可能尚未被投資者所認可。因此,進一步探索這隻股票可能會發現一個良好的機會,如果估值和其他指標合理的話。

Like most companies, Acadia Healthcare Company does come with some risks, and we've found 1 warning sign that you should be aware of.

像大多數公司一樣,阿卡迪亞醫療保健公司確實存在一些風險,我們發現了一個您需要注意的警告信號。

While Acadia Healthcare Company 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.

雖然阿卡迪亞醫療保健公司目前可能沒有獲得最高的回報,但我們編制了一份當前獲得超過25%股本回報率的公司的清單。您可以在此查看這個免費的名單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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