Axon Enterprise (NASDAQ:AXON) Hasn't Managed To Accelerate Its Returns
Axon Enterprise (NASDAQ:AXON) Hasn't Managed To Accelerate Its Returns
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. In light of that, when we looked at Axon Enterprise (NASDAQ:AXON) and its ROCE trend, we weren't exactly thrilled.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 所用资本的比例。归根结底,这表明这是一家以不断提高的回报率对利润进行再投资的企业。有鉴于此,当我们研究Axon Enterprise(纳斯达克股票代码:AXON)及其投资回报率趋势时,我们并不感到非常兴奋。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Axon Enterprise is:
为了澄清一下你是否不确定,ROCE是评估公司从投资于其业务的资本中获得多少税前收入(按百分比计算)的指标。在 Axon Enterprise 上进行此计算的公式为:
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)
0.054 = US$138m ÷ (US$3.3b - US$718m) (Based on the trailing twelve months to September 2023).
0.054 = 1.38亿美元 ÷(33亿美元-7.18亿美元) (基于截至2023年9月的过去十二个月)。
Therefore, Axon Enterprise has an ROCE of 5.4%. In absolute terms, that's a low return and it also under-performs the Aerospace & Defense industry average of 9.7%.
因此,Axon Enterprise的投资回报率为5.4%。从绝对值来看,回报率很低,而且表现也低于航空航天和国防行业9.7%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240216/0-39c5560844ea8755af585f856568daca-0-f7737357a1d8bfb7d731f370e3181fa3.png/big)
Above you can see how the current ROCE for Axon Enterprise compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Axon Enterprise here for free.
上面你可以看到Axon Enterprise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。如果你愿意,可以在这里免费查看报道Axon Enterprise的分析师的预测。
The Trend Of ROCE
ROCE 的趋势
The returns on capital haven't changed much for Axon Enterprise in recent years. The company has employed 370% more capital in the last five years, and the returns on that capital have remained stable at 5.4%. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
近年来,Axon Enterprise的资本回报率没有太大变化。在过去五年中,该公司雇用的资本增加了370%,该资本的回报率一直稳定在5.4%。这种糟糕的投资回报率目前并不能激发信心,随着所用资本的增加,很明显,该企业没有将资金部署到高回报的投资中。
In Conclusion...
总之...
Long story short, while Axon Enterprise has been reinvesting its capital, the returns that it's generating haven't increased. Yet to long term shareholders the stock has gifted them an incredible 392% return in the last five years, so the market appears to be rosy about its future. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high.
长话短说,尽管Axon Enterprise一直在对其资本进行再投资,但其产生的回报并没有增加。然而,对于长期股东来说,该股在过去五年中为他们带来了令人难以置信的392%的回报,因此市场似乎对其未来持乐观态度。但是,如果这些潜在趋势的发展轨迹继续下去,我们认为从现在起它成为多股势力的可能性并不高。
Like most companies, Axon Enterprise does come with some risks, and we've found 2 warning signs that you should be aware of.
像大多数公司一样,Axon Enterprise确实存在一些风险,我们发现了两个你应该注意的警告信号。
While Axon Enterprise 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Axon Enterprise的回报率并不高,但请查看这份免费的股票回报率高、资产负债表稳健的公司名单。
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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。