SS&C Technologies Holdings (NASDAQ:SSNC) Shareholders Will Want The ROCE Trajectory To Continue
SS&C Technologies Holdings (NASDAQ:SSNC) Shareholders Will Want The ROCE Trajectory To Continue
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. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at SS&C Technologies Holdings (NASDAQ:SSNC) so let's look a bit deeper.
寻找一个有潜力大幅增长的业务并不容易,但如果我们看一下几个主要的财务指标,就有可能实现。首先,我们希望确定一个不断增长的资本雇用回报率(ROCE),同时也希望看到不断增加的资本雇用基础。这向我们表明,这是一台复合机器,能够不断将其收益重新投资到业务中,并产生更高的回报。有了这个想法,我们注意到了SS&C科技控股(纳斯达克:SSNC)的一些有希望的趋势,现在我们来深入了解一下。
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。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for SS&C Technologies Holdings, this is the formula:
如果您以前没有使用过ROCE,请注意它衡量公司从其业务中使用的资本雇用中产生的“回报”(税前利润)。计算SS&C科技控股的这个指标的公式如下:
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。
0.09 = US$1.3b ÷ (US$17b - US$3.1b) (Based on the trailing twelve months to March 2024).
因此,SS&C科技控股的ROCE为9.0%。从绝对值来看,这是一个很低的回报率,它也表现不如专业服务行业板块的14%的平均水平。
Therefore, SS&C Technologies Holdings has an ROCE of 9.0%. In absolute terms, that's a low return and it also under-performs the Professional Services industry average of 14%.
你可以看到上面的图表,SS&C科技控股目前的ROCE与其之前的资本回报相比如何,但从过去只能了解到有限的信息。如果您想了解更多信息,可以免费查看覆盖SS&C科技控股的分析师的预测。
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Above you can see how the current ROCE for SS&C Technologies Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering SS&C Technologies Holdings for free.
上面你可以看到SS&C科技控股目前的ROCE与其之前的资本回报相比如何,但从过去只能了解到有限的信息。如果您想了解更多信息,可以免费查看覆盖SS&C科技控股的分析师的预测。
The Trend Of ROCE
当寻找下一个倍增器时,如果您不确定从哪里开始,请关注几个关键趋势。首先,我们希望看到一个经过验证的资本使用率。如果您看到这一点,通常意味着这是一家拥有出色业务模式和大量盈利再投资机会的公司。然而,调查蒙托克可再生能源公司(NASDAQ:MNTK)后,我们认为它的现行趋势不符合倍增器的模式。
SS&C Technologies Holdings' ROCE growth is quite impressive. The figures show that over the last five years, ROCE has grown 85% whilst employing roughly the same amount of capital. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
SS&C科技控股的ROCE增长非常令人印象深刻。数据显示,在过去的五年中,ROCE增长了85%,而使用的资本大致相同。因此,我们的看法是,企业提高了效率,以产生更高的回报,同时不需要进行任何额外的投资。就这方面而言,该公司表现良好,值得调查管理团队计划的长期增长前景。
The Bottom Line
还有一件事需要注意的是,我们已经确定了上海医药的2个警告信号,了解这些信号应该成为你的投资过程的一部分。
As discussed above, SS&C Technologies Holdings appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Considering the stock has delivered 21% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So with that in mind, we think the stock deserves further research.
如上所述,由于资本雇用保持平稳,但收益(利息和税前利润之前)增加,因此SS&C科技控股似乎正在变得更加擅长产生回报。考虑到股票在过去五年中为股东提供了21%的回报,可能可以认为投资者尚未完全意识到有希望的趋势。因此,我们认为该股值得进一步研究。
On a final note, we've found 1 warning sign for SS&C Technologies Holdings that we think you should be aware of.
最后需要指出的是,我们发现了SS&C科技控股的一个警告信号,认为您应该知道。
While SS&C Technologies Holdings isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然SS&C科技控股的回报率不太高,但请查看此处的免费公司列表,这些公司在资产负债表上创造了高回报且平稳。
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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.
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team (at) 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
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。