We Like Applied Industrial Technologies' (NYSE:AIT) Returns And Here's How They're Trending
We Like Applied Industrial Technologies' (NYSE:AIT) Returns And Here's How They're Trending
If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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. And in light of that, the trends we're seeing at Applied Industrial Technologies' (NYSE:AIT) look very promising so lets take a look.
如果你正在寻找一款多功能装袋机,有几件事需要注意。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。有鉴于此,我们在应用工业技术公司(纽约证券交易所代码:AIT)看到的趋势看起来非常有希望,所以让我们来看看吧。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(ROCE)?
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 Applied Industrial Technologies, this is the formula:
如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。要计算应用工业技术的这个指标,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)
0.21 = US$489m ÷ (US$2.8b - US$449m) (Based on the trailing twelve months to December 2023).
0.21 = 4.89亿美元 ÷(28亿美元-4.49亿美元) (基于截至2023年12月的过去十二个月)。
Therefore, Applied Industrial Technologies has an ROCE of 21%. In absolute terms that's a great return and it's even better than the Trade Distributors industry average of 14%.
因此,应用工业技术的投资回报率为21%。从绝对值来看,这是一个不错的回报,甚至比贸易分销商行业平均水平的14%还要好。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240213/0-5538b43efb6dd018ec216ffa21ff0438-0-5588d9cd6da6559788ed10e5b32e23f3.png/big)
In the above chart we have measured Applied Industrial Technologies' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Applied Industrial Technologies here for free.
在上图中,我们将应用工业技术公司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。如果你愿意,可以在这里免费查看分析师对应用工业技术的预测。
So How Is Applied Industrial Technologies' ROCE Trending?
那么,应用工业技术的投资回报率趋势如何呢?
We like the trends that we're seeing from Applied Industrial Technologies. Over the last five years, returns on capital employed have risen substantially to 21%. The amount of capital employed has increased too, by 23%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我们喜欢应用工业技术所看到的趋势。在过去五年中,已动用资本回报率大幅上升至21%。使用的资本金额也增加了23%。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。
The Bottom Line
底线
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 Applied Industrial Technologies has. And a remarkable 249% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.
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,而这正是应用工业技术公司所具备的。过去五年中惊人的249%总回报率告诉我们,投资者预计未来还会有更多好事发生。因此,我们认为值得您花时间检查这些趋势是否会持续下去。
Like most companies, Applied Industrial Technologies does come with some risks, and we've found 1 warning sign that you should be aware of.
像大多数公司一样,应用工业技术确实存在一些风险,我们发现了一个你应该注意的警告信号。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回报是强劲表现的关键因素,因此请查看我们的免费股本回报率高且资产负债表稳健的股票清单。
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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。