There's Been No Shortage Of Growth Recently For CACI International's (NYSE:CACI) Returns On Capital
There's Been No Shortage Of Growth Recently For CACI International's (NYSE:CACI) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look 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. So when we looked at CACI International (NYSE:CACI) and its trend of ROCE, we really liked what we saw.
如果我们想在长期内找到一只能够翻倍的股票，应该寻找什么基本趋势呢？一种常见的方法是尝试寻找一家回报率增长、资本雇用逐渐增加的公司。 简单地说，这些类型的企业是复合机器，这意味着它们在不断地以越来越高的回报率再投资其收益。尽管如此，当我们看着 enphase energy (纳斯达克股票代码：ENPH) 的时候，它似乎并没有完全符合这些要求。什么是资本雇用回报率（ROCE）？ROCE是一个企业年度税前利润（其回报）与企业资本雇用之间的比率。在 Enphase Energy 的计算公式是：资本雇用回报率=利息和税前收益（EBIT）÷（资产总额-流动负债）。所以，Enphase Energy 的资本雇用回报率为9.9%。单独来看，这是一个较低的资本回报率，但它与行业平均回报率相当。以上你可以看到，Enphase Energy 的当前资本雇用回报率与之前的回报率相比如何，但从过去只能知道这么多。如果你想看看分析师对未来的预测，你应该查看我们免费提供的 Enphase Energy 分析师报告。ROCE 趋势可以告诉我们什么？比起 Enphase Energy，有更好的资本回报率选择。在过去的五年中，该公司增加了 1,306% 的资本，而该资本的回报率保持稳定在 9.9%。这样差的回报率现在并不令人信服，而且随着资本的增加，很明显企业并没有将资金投入到高回报的投资中。这表明它是一个在以增加的投资回报率来重新投资利润的业务。因此，当我们看CACI国际（纽交所：CACI）及其ROCE趋势时，我们真的很喜欢我们所看到的。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源现行ROCE与之前资本回报的比较，但过去只能知道这么多。如果您感兴趣，可以查看我们免费的蒙托克可再生能源分析师报告，了解分析师的预测。
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 CACI International:
只是为了澄清如果您不确定，ROCE是衡量公司在其业务中投资的资本上获得多少税前收入的度量标准（百分比）。分析师使用该公式计算CACI国际的ROCE：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率（ROCE）是指企业利润，即企业税前利润除以企业投入的总资本（负债加股权）。如果ROCE高于企业财务成本的承受能力，那么企业就会创造出更多的价值。
0.11 = US$601m ÷ (US$6.8b - US$1.1b) (Based on the trailing twelve months to March 2024).
0.11 = 6.01亿美元 ÷（68亿美元 - 11亿美元）在Elevance Health上，我们已经注意到的趋势是相当令人放心的。数据显示，过去五年资产回报率大幅提高至15％。投资所用资产的规模也增加了30％。这表明有很多机会进行内部资本投资，并以更高的速度不断增长，这种组合在多倍增长方面很常见。.
Thus, CACI International has an ROCE of 11%. In isolation, that's a pretty standard return but against the Professional Services industry average of 14%, it's not as good.
因此，CACI国际的ROCE为11%。独立存在的话，这是相当标准的回报，但与专业服务行业平均利润率14%相比就不那么好了。
Above you can see how the current ROCE for CACI International 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 CACI International .
上面您可以看到CACI国际的当前ROCE与其过去的资本回报率相比如何，但从过去看出的信息是有限的。如果您想了解分析师对CACI国际未来的预测，可以查看我们为CACI国际提供的免费分析报告。
So How Is CACI International's ROCE Trending?
那么CACI国际的ROCE趋势如何？
CACI International is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 11%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 29%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
CACI国际正在展示一些积极趋势。数据显示，在过去的五年中，投资回报率上升到了11％。公司使用的每一美元资本可以创造更多的利润，值得注意的是，使用的资本数量也增加了29％。在不断增长的资本基础上增加回报在复合增长股中很常见，这就是为什么我们感到印象深刻的原因。
What We Can Learn From CACI International's ROCE
我们可以从CACI国际的ROCE中学到什么呢？
To sum it up, CACI International has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And a remarkable 106% 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.
总结一下，CACI国际已经证明它可以重新投资业务并在所投入的资本中获得更高的回报，这真是太棒了。在过去的五年中，股票总回报率达到了惊人的106％，这告诉我们投资者期待未来会有更多好事发生。因此，我们认为，您有必要花时间了解这些趋势是否会持续下去。
One more thing, we've spotted 2 warning signs facing CACI International that you might find interesting.
还有一件事，我们发现CACI国际面临着两个警告标志，您可能会感兴趣。
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.
Hao Tian International Construction Investment Group确实存在一些风险，我们已经发现了一条警示标志，你可能会感兴趣。对于那些喜欢投资于实力雄厚的公司的人，可以查看这个由财务状况强大、股本回报率高的公司组成的免费列表。
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