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The Trend Of High Returns At AGCO (NYSE:AGCO) Has Us Very Interested

The Trend Of High Returns At AGCO (NYSE:AGCO) Has Us Very Interested

爱科(纽约证券交易所代码:AGCO)的高回报趋势使我们非常感兴趣
Simply Wall St ·  03/25 10:19

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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 the ROCE trend of AGCO (NYSE:AGCO) we really liked what we saw.

如果我们想找到一只可以长期成倍增长的股票,我们应该寻找哪些潜在趋势?在一个完美的世界中,我们希望看到一家公司向其业务投入更多资本,理想情况下,从这些资本中获得的回报也在增加。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。因此,当我们研究爱科(纽约证券交易所代码:AGCO)的投资回报率趋势时,我们真的很喜欢我们所看到的。

What Is Return On Capital Employed (ROCE)?

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

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。分析师使用以下公式为爱科计算:

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)

0.24 = US$1.7b ÷ (US$11b - US$4.3b) (Based on the trailing twelve months to December 2023).

0.24 = 17亿美元 ÷(110亿美元-43亿美元) (基于截至2023年12月的过去十二个月)

Therefore, AGCO has an ROCE of 24%. That's a fantastic return and not only that, it outpaces the average of 13% earned by companies in a similar industry.

因此,爱科的投资回报率为24%。这是一个了不起的回报,不仅如此,它还超过了同类行业公司13%的平均收入。

roce
NYSE:AGCO Return on Capital Employed March 25th 2024
纽约证券交易所:爱科2024年3月25日动用资本回报率

In the above chart we have measured AGCO's 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 AGCO for free.

在上图中,我们将爱科先前的投资回报率与先前的业绩进行了对比,但可以说,未来更为重要。如果您愿意,可以免费查看报道爱科的分析师的预测。

What The Trend Of ROCE Can Tell Us

ROCE 的趋势能告诉我们什么

AGCO is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 24%. The amount of capital employed has increased too, by 46%. So we're very much inspired by what we're seeing at AGCO thanks to its ability to profitably reinvest capital.

爱科显示出一些积极的趋势。数据显示,在过去五年中,资本回报率大幅上升至24%。使用的资本金额也增加了46%。因此,由于爱科能够盈利地进行资本再投资,我们在爱科所看到的情况给我们带来了极大的启发。

The Bottom Line On AGCO's ROCE

爱科集团投资回报率的底线

To sum it up, AGCO has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And with a respectable 94% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. Therefore, we think it would be worth your time to check if these trends are going to continue.

总而言之,爱科已经证明它可以对业务进行再投资,并从所使用的资本中获得更高的回报,这太棒了。而且,在过去五年中持有该股票的人将获得可观的94%的奖励,你可以说这些发展已开始得到应有的关注。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。

On a separate note, we've found 1 warning sign for AGCO you'll probably want to know about.

另一方面,我们发现了一个你可能想知道的爱科警告标志。

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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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.

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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。

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
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