share_log

Investors Could Be Concerned With Proto Labs' (NYSE:PRLB) Returns On Capital

Investors Could Be Concerned With Proto Labs' (NYSE:PRLB) Returns On Capital

投资者可能会担心Proto Labs(纽约证券交易所代码:PRLB)的资本回报率
Simply Wall St ·  02/14 07:16

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's 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. However, after investigating Proto Labs (NYSE:PRLB), we don't think it's current trends fit the mold of a multi-bagger.

如果我们想确定下一个多功能装袋机,有一些关键趋势需要关注。除其他外,我们希望看到两件事;首先,成长 返回 论资本使用率(ROCE),其次是公司的扩张 金额 所用资本的比例。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。但是,在调查了Proto Labs(纽约证券交易所代码:PRLB)之后,我们认为其当前的趋势不符合多袋机的模式。

What Is Return On Capital Employed (ROCE)?

什么是资本使用回报率(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. Analysts use this formula to calculate it for Proto Labs:

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。分析师使用以下公式为 Proto Labs 计算:

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)

0.039 = US$28m ÷ (US$772m - US$50m) (Based on the trailing twelve months to December 2023).

0.039 = 2,800万美元 ÷(7.72亿美元至5000万美元) (基于截至2023年12月的过去十二个月)

Therefore, Proto Labs has an ROCE of 3.9%. Ultimately, that's a low return and it under-performs the Machinery industry average of 12%.

因此,Proto Labs的投资回报率为3.9%。归根结底,这是一个低回报,其表现低于机械行业12%的平均水平。

roce
NYSE:PRLB Return on Capital Employed February 14th 2024
纽约证券交易所:PRLB 2024年2月14日动用资本回报率

Above you can see how the current ROCE for Proto Labs 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 report for Proto Labs.

在上面你可以看到Proto Labs当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果你想了解分析师对未来的预测,你应该查看我们的 Proto Labs 免费报告。

What The Trend Of ROCE Can Tell Us

ROCE 的趋势能告诉我们什么

In terms of Proto Labs' historical ROCE movements, the trend isn't fantastic. Over the last five years, returns on capital have decreased to 3.9% from 16% five years ago. However it looks like Proto Labs might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.

就Proto Labs的历史ROCE走势而言,这种趋势并不理想。在过去五年中,资本回报率从五年前的16%下降到3.9%。但是,看来Proto Labs可能正在进行再投资以实现长期增长,因为尽管动用资本有所增加,但该公司的销售额在过去12个月中没有太大变化。从现在起,值得关注公司的收益,看看这些投资最终是否确实为利润做出了贡献。

The Bottom Line

底线

In summary, Proto Labs is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And in the last five years, the stock has given away 70% so the market doesn't look too hopeful on these trends strengthening any time soon. All in all, the inherent trends aren't typical of multi-baggers, so if that's what you're after, we think you might have more luck elsewhere.

总而言之,Proto Labs正在将资金再投资到该业务中以实现增长,但不幸的是,销售额似乎还没有太大增长。在过去的五年中,该股已经下跌了70%,因此市场对这些趋势在短期内走强似乎并不抱太大希望。总而言之,多装袋机的固有趋势并不常见,因此,如果您想要这样做,我们认为您在其他地方可能会有更多的运气。

Proto Labs could be trading at an attractive price in other respects, so you might find our free intrinsic value estimation on our platform quite valuable.

Proto Labs在其他方面可能以诱人的价格进行交易,因此您可能会发现我们在我们平台上的免费内在价值估算非常有价值。

While Proto Labs isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

尽管Proto Labs的回报率并不高,但请查看这份免费清单,列出了资产负债表稳健的股本回报率高的公司。

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.

对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发