Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist
Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist
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. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at First Watch Restaurant Group (NASDAQ:FWRG) so let's look a bit deeper.
寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 所用资本的比例。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。考虑到这一点,我们注意到First Watch餐厅集团(纳斯达克股票代码:FWRG)的一些令人鼓舞的趋势,所以让我们更深入地了解一下。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
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 First Watch Restaurant Group, this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。要计算 First Watch 餐厅集团的此指标,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)
0.036 = US$40m ÷ (US$1.2b - US$110m) (Based on the trailing twelve months to September 2023).
0.036 = 4000万美元 ÷(12亿美元-1.1亿美元) (基于截至2023年9月的过去十二个月)。
So, First Watch Restaurant Group has an ROCE of 3.6%. In absolute terms, that's a low return and it also under-performs the Hospitality industry average of 9.2%.
因此,First Watch餐厅集团的投资回报率为3.6%。从绝对值来看,这是一个低回报,其表现也低于酒店业9.2%的平均水平。
View our latest analysis for First Watch Restaurant Group
查看我们对 First Watch 餐厅集团的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240107/0-18b54eb6b359536521d9370bc0ba30fe-0-4f3b9b5bf99e9b3e10e05b7c74e6cd1e.png/big)
In the above chart we have measured First Watch Restaurant Group's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上图中,我们将First Watch餐厅集团先前的投资回报率与之前的表现进行了对比,但可以说,未来更为重要。如果您有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
How Are Returns Trending?
退货趋势如何?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last four years to 3.6%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 31%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
尽管投资回报率的绝对值仍然很低,但很高兴看到它正朝着正确的方向前进。数据显示,在过去四年中,资本回报率大幅上升至3.6%。实际上,该公司每使用1美元资本就能赚更多的钱,值得注意的是,资本金额也增加了31%。越来越多的资本所带来的回报率不断增加在多袋公司中很常见,这就是为什么我们印象深刻的原因。
Our Take On First Watch Restaurant Group's ROCE
我们的看法 First Watch 餐厅集团的 ROCE
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what First Watch Restaurant Group has. Since the stock has returned a solid 39% to shareholders over the last year, it's fair to say investors are beginning to recognize these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
一家资本回报率不断提高且能够持续进行自我再投资的公司是一个备受追捧的特征,而这正是First Watch Restaurant Group所拥有的。由于该股去年给股东的回报率稳步增长了39%,因此可以公平地说,投资者开始意识到这些变化。话虽如此,我们仍然认为前景良好的基本面意味着公司值得进一步的尽职调查。
If you'd like to know about the risks facing First Watch Restaurant Group, we've discovered 1 warning sign that you should be aware of.
如果你想了解First Watch餐厅集团面临的风险,我们发现了一个你应该注意的警告信号。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。