Helios Technologies (NYSE:HLIO) Will Be Hoping To Turn Its Returns On Capital Around
Helios Technologies (NYSE:HLIO) Will Be Hoping To Turn Its Returns On Capital Around
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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Although, when we looked at Helios Technologies (NYSE:HLIO), it didn't seem to tick all of these boxes.
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。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。但是,当我们查看Helios Technologies(纽约证券交易所代码:HLIO)时,它似乎并没有勾选所有这些方框。
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. To calculate this metric for Helios Technologies, this is the formula:
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。要计算 Helios Technologies 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)
0.061 = US$88m ÷ (US$1.6b - US$145m) (Based on the trailing twelve months to March 2024).
0.061 = 8,800万美元 ÷(16亿美元-1.45亿美元) (基于截至2024年3月的过去十二个月)。
Thus, Helios Technologies has an ROCE of 6.1%. In absolute terms, that's a low return and it also under-performs the Machinery industry average of 13%.
因此,Helios Technologies的投资回报率为6.1%。从绝对值来看,回报率很低,也低于机械行业13%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240524/0-d0804bc7f7ce62e2d35d9eb75ae7468a-0-c2b4e4943df71378295b7b63ba49c782.png/big)
Above you can see how the current ROCE for Helios Technologies 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 analyst report for Helios Technologies .
上面你可以看到Helios Technologies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,你应该查看我们为Helios Technologies提供的免费分析师报告。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
On the surface, the trend of ROCE at Helios Technologies doesn't inspire confidence. Around five years ago the returns on capital were 9.8%, but since then they've fallen to 6.1%. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It may take some time before the company starts to see any change in earnings from these investments.
从表面上看,Helios Technologies的投资回报率趋势并不能激发信心。大约五年前,资本回报率为9.8%,但此后已降至6.1%。另一方面,该公司在去年一直在使用更多资本,但销售额没有相应改善,这可能表明这些投资是长期投资。公司可能需要一段时间才能开始看到这些投资的收益发生任何变化。
The Bottom Line On Helios Technologies' ROCE
Helios Technologies 投资回报率的底线
To conclude, we've found that Helios Technologies is reinvesting in the business, but returns have been falling. Unsurprisingly, the stock has only gained 22% over the last five years, which potentially indicates that investors are accounting for this going forward. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
总而言之,我们发现Helios Technologies正在对该业务进行再投资,但回报率一直在下降。毫不奇怪,该股在过去五年中仅上涨了22%,这可能表明投资者正在考虑未来的情况。因此,如果您正在寻找多袋机,我们建议您考虑其他选项。
Helios Technologies does come with some risks though, we found 3 warning signs in our investment analysis, and 1 of those is a bit unpleasant...
但是,Helios Technologies确实存在一些风险,我们在投资分析中发现了3个警告信号,其中一个有点令人不快...
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。
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