RadNet (NASDAQ:RDNT) Has Some Way To Go To Become A Multi-Bagger
RadNet (NASDAQ:RDNT) Has Some Way To Go To Become A Multi-Bagger
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. In light of that, when we looked at RadNet (NASDAQ:RDNT) and its ROCE trend, we weren't exactly thrilled.
如何辨别一支股票能否在长期内实现多倍增长?首先我们需要看到资本运作回报率(ROCE)不断上升并且资本运作基础不断扩大。这通常意味着这是一家拥有良好业务模式和许多有利可图的再投资机会的公司。在此背景下,当我们查看RadNet (NASDAQ:RDNT)和它的ROCE趋势时,我们并不是非常满意。
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。
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. The formula for this calculation on RadNet is:
对于那些不知道ROCE是什么的人,ROCE是反映公司一年内税前利润(即其回报)和企业资本投资之间关系的指标。RadNet的计算公式如下:
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。
0.04 = US$101m ÷ (US$3.0b - US$428m) (Based on the trailing twelve months to March 2024).
0.04 = US$10100万 ÷(US$30亿 - US$428m)(基于截至2024年3月的过去12个月)。
So, RadNet has an ROCE of 4.0%. Ultimately, that's a low return and it under-performs the Healthcare industry average of 11%.
因此,RadNet的ROCE为4.0%。这个回报率很低,表现不如医疗保健行业的平均水平,达到了11%。
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Above you can see how the current ROCE for RadNet 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 RadNet .
上面您可以看到RadNet当前的ROCE与以前的资本运作回报率相比如何,但是从过去只能了解的信息是很有限的。如果您想了解分析师预测的未来情况,您应该查看我们的免费RadNet分析报告。
What Does the ROCE Trend For RadNet Tell Us?
RadNet的ROCE趋势告诉我们什么?
There are better returns on capital out there than what we're seeing at RadNet. The company has consistently earned 4.0% for the last five years, and the capital employed within the business has risen 107% in that time. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
有比RadNet更高的资本回报率。公司在过去五年中一直保持4.0%的稳定回报率,而企业资本投资在这段时间内增长了107%。这种低回报率现在并不鼓舞人心,随着企业资本投资的增加,很明显企业并没有将资金投入高回报投资中。
The Key Takeaway
重要提示
Long story short, while RadNet has been reinvesting its capital, the returns that it's generating haven't increased. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 319% gain to shareholders who have held over the last five years. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.
长话短说,尽管RadNet一直在将其资本再投资,但它所产生的回报并没有增加。投资者一定认为还有更好的前景,因为该股票已经实现了显著的319%的涨幅,为持有超过过去五年的股东提供了回报。然而,除非这些潜在趋势更加积极,否则我们不应过于乐观。
If you'd like to know about the risks facing RadNet, we've discovered 2 warning signs that you should be aware of.
如果您想了解RadNet面临的风险,我们发现了2个警示信息,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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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。