Returns Are Gaining Momentum At Karat Packaging (NASDAQ:KRT)
Returns Are Gaining Momentum At Karat Packaging (NASDAQ:KRT)
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. 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Karat Packaging's (NASDAQ:KRT) returns on capital, so let's have a look.
如果你不确定下一个多倍股票的起点在哪里,那么你应该注意几个关键趋势。在一个完美的世界里,我们希望看到一个公司将更多的资本投入业务,理想情况下,从这些资本中获得的回报率也在增加。最终,这表明这是一个企业以不断增加的回报率再投资利润的业务。顺便说一下,我们注意到了卡拉特包装公司(NASDAQ:KRT)资本回报率的巨大变化,让我们来看看。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法:正如我们上面看到的,Enphase Energy 的资本回报率没有提高,但它正在重新投资于业务。投资者必须认为未来会有更好的前景,因为股票表现良好,使持股五年以上的股东获得了 690% 的收益。最终,如果基本趋势持续存在,我们不会对它成为一只多头股持有期很久很有信心。
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Karat Packaging, this is the formula:
对于那些不知道ROCE的人来说,ROCE是衡量公司年度税前利润(回报)相对于业务所使用的资本的指标。为了计算卡拉特包装公司的这个指标,可使用以下公式:
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。
0.18 = US$42m ÷ (US$279m - US$48m) (Based on the trailing twelve months to March 2024).
0.18=4200万美元÷(27900万美元-4800万美元)(基于2024年3月的滚动12个月)。
So, Karat Packaging has an ROCE of 18%. In absolute terms, that's a satisfactory return, but compared to the Trade Distributors industry average of 13% it's much better.
因此,卡拉特包装公司的ROCE为18%。就绝对值而言,这是一个令人满意的回报,但与交易分销业的平均水平13%相比,它更好。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240717/0-c705fb107cb6b6fe64e9ce00d3169ee8-0-69e58315afb3633e5c448b36eb72074a.png/big)
In the above chart we have measured Karat Packaging'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 Karat Packaging .
在上图中,我们测量了卡拉特包装公司以前的ROCE与以前的表现相比,但未来显然更重要。如果您有兴趣,可以查看我们免费的卡拉特包装分析师报告中的分析师预测。
What Does the ROCE Trend For Karat Packaging Tell Us?
卡拉特包装的ROCE趋势告诉我们什么?
We like the trends that we're seeing from Karat Packaging. The data shows that returns on capital have increased substantially over the last five years to 18%. The amount of capital employed has increased too, by 180%. So we're very much inspired by what we're seeing at Karat Packaging thanks to its ability to profitably reinvest capital.
我们喜欢从卡拉特包装公司看到的趋势。数据显示,五年来资本回报率大幅增加至18%。从业务使用的资本数量也增加了180%。因此,我们对卡拉特包装公司的表现感到非常满意,这要归功于其能够盈利地再投资资本的能力。
In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 17%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. So this improvement in ROCE has come from the business' underlying economics, which is great to see.
在我们分析的另一部分中,我们注意到公司的流动负债与总资产的比率减少到17%,这基本上意味着该企业正在减少其依赖供应商或短期债权人来资助其业务。因此,ROCE的这种改善来自企业的基本经济状况,这是令人欣喜的。
The Key Takeaway
重要提示
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Karat Packaging has. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 56% return over the last three years. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
一个能够增长资本回报率并能够持续再投资自身的公司是一种极具价值的特性,这正是卡拉特包装公司所拥有的。而且,投资者似乎希望未来有更多这样的表现,因为在过去三年中,该股票为股东带来了56%的回报。因此,考虑到该股票已经证明了其有前途的趋势,进一步研究该公司是否可能持续存在这些趋势是值得的。
One more thing, we've spotted 1 warning sign facing Karat Packaging that you might find interesting.
最后,我们注意到了卡拉特包装公司面临的1个警告,您可能会感兴趣。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想寻找财务状况良好、回报卓越的实力强企业,可以免费查看以下公司列表。
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对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。