Returns At CAVA Group (NYSE:CAVA) Are On The Way Up
Returns At CAVA Group (NYSE:CAVA) Are On The Way Up
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at CAVA Group (NYSE:CAVA) and its trend of ROCE, we really liked what we saw.
如果我们想找到一个潜在的翻倍股，通常有一些潜在的趋势可以提供线索。理想情况下，一家公司将显示两种趋势;首先是ROCE增长，其次是资本利用率不断增加。基本上，这意味着公司有盈利的倡议，可以继续投资，这是复合机器的特征。因此，当我们看到CAVA集团（纽交所：CAVA）的ROCE趋势时，我们真的很喜欢我们看到的。
Return On Capital Employed (ROCE): What Is It?
资本雇用回报率（ROCE）是什么？
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on CAVA Group is:
如果你以前没有使用ROCE工作过，它可以衡量公司从营业资本中获得的"回报"（税前利润）。在CAVA集团的计算公式中：
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。
0.027 = US$24m ÷ (US$1.0b - US$111m) (Based on the trailing twelve months to April 2024).
0.027 = 2400万美元÷（10亿美元-1.11亿美元）（截至2024年4月的过去12个月）。
Therefore, CAVA Group has an ROCE of 2.7%. Ultimately, that's a low return and it under-performs the Hospitality industry average of 11%.
因此，CAVA集团的ROCE为2.7％。最终，这是一个较低的回报，低于酒店业的平均水平11％。
In the above chart we have measured CAVA Group's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for CAVA Group .
在上图中，我们测量了CAVA集团以往的ROCE与其以往的表现，但未来则更为重要。如果您感兴趣，您可以查看我们的免费分析师报告来查看分析师的预测。
So How Is CAVA Group's ROCE Trending?
那么CAVA集团的ROCE趋势怎么样？
CAVA Group has recently broken into profitability so their prior investments seem to be paying off. The company was generating losses two years ago, but now it's earning 2.7% which is a sight for sore eyes. In addition to that, CAVA Group is employing 126% more capital than previously which is expected of a company that's trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
CAVA集团最近已经进入了盈利阶段，所以他们以前的投资似乎正在产生回报。两年前，该公司还在亏损，但现在已经获得了2.7％的收益，这是令人欣慰的。此外，CAVA集团比以前多使用了126％的资本，这是一家试图实现盈利的公司所期望的。这可以告诉我们，该公司有很多再投资机会，能够产生更高的回报率。
In Conclusion...
最后，同等资本下回报率较低的趋势通常不是我们关注创业板股票的最佳信号。由于这些发展进行良好，因此投资者不太可能表现友好。自五年前以来，该股下跌了32%。除非这些指标朝着更积极的轨迹转变，否则我们将继续寻找其他股票。
Long story short, we're delighted to see that CAVA Group's reinvestment activities have paid off and the company is now profitable. And with a respectable 79% awarded to those who held the stock over the last year, you could argue that these developments are starting to get the attention they deserve. In light of that, we think it's worth looking further into this stock because if CAVA Group can keep these trends up, it could have a bright future ahead.
长话短说，我们很高兴看到CAVA集团的再投资活动取得了成功，该公司现在已经盈利。如果您持有该股票超过一年，您将获得可观的79％回报，这表明这些进展开始引起人们的注意。鉴于此，我们认为值得进一步研究这支股票，因为如果CAVA集团能够保持这些趋势，它未来将会很光明。
CAVA Group does have some risks, we noticed 2 warning signs (and 1 which is a bit concerning) we think you should know about.
CAVA集团确实存在一些风险，我们注意到了2个警告标志（和1个令人有些担忧的标志），我们认为您应该知道。
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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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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