Returns At Inspire Medical Systems (NYSE:INSP) Are On The Way Up
Returns At Inspire Medical Systems (NYSE:INSP) Are On The Way Up
0.019 = US$13m ÷ (US$796m - US$74m) What trends should we look for it we want to identify stocks that can multiply in value over the long term? 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 Inspire Medical Systems (NYSE:INSP) and its trend of ROCE, we really liked what we saw.
如果我们想要找到可以在长期内增值的股票，应该关注哪些趋势呢？一个常见的方法是寻找资本雇用回报率（ROCE）逐渐增加的公司，同时资本雇用金额也在增长。最终，这表明这是一个以递增的回报率重新投资利润的企业。因此，当我们观察纽交所（NYSE）上的 Inspire Medical Systems（INSP）及其 ROCE 趋势时，我们真的很喜欢我们看到的东西。
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 Inspire Medical Systems, this is the formula:
对于那些不了解的人来说，ROCE 是衡量公司每年税前利润（其回报）与企业资本雇用量相关的指标。要为 Inspire Medical Systems 计算这个指标，使用以下公式：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资本利用率 = 利息和税前利润（EBIT） ÷ （总资产 - 流动负债）
0.019 = US$13m ÷ (US$796m - US$74m) (Based on the trailing twelve months to September 2024).
0.019 = 1300万美元 ÷（79600万美元 - 7400 万美元）（基于截至 2024 年 9 月的过去十二个月）。
Thus, Inspire Medical Systems has an ROCE of 1.9%. Ultimately, that's a low return and it under-performs the Medical Equipment industry average of 8.8%.
因此，Inspire Medical Systems 的 ROCE 为 1.9%。最终，这是一个较低的回报率，低于医疗设备行业的平均值 8.8%。
Above you can see how the current ROCE for Inspire Medical Systems compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Inspire Medical Systems .
您可以看到 inspire medical systems 目前的 ROCE 与其以往资本回报相比是如何的，但过去只能告诉你这么多。如果您感兴趣，您可以查看我们免费的 inspire medical systems 分析师报告中的分析师预测。
What Can We Tell From Inspire Medical Systems' ROCE Trend?
我们可以从 inspire medical systems 的 ROCE 趋势中了解到什么？
The fact that Inspire Medical Systems is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 1.9% which is a sight for sore eyes. And unsurprisingly, like most companies trying to break into the black, Inspire Medical Systems is utilizing 323% more capital than it was five years ago. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.
现在 inspire medical systems 从之前的投资中获得一些税前利润的事实是非常令人鼓舞的。该公司五年前还在亏损，但现在盈利1.9%，这是一大利好。毫不奇怪，像大多数试图扭亏为盈的公司一样， inspire medical systems 使用的资本比五年前多了323%。这可能表明公司内部有大量投资资本的机会，并且以越来越高的利率，这两点是潜力股的共同特征。
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 Inspire Medical Systems' reinvestment activities have paid off and the company is now profitable. And a remarkable 162% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
长话短说，我们很高兴看到 inspire medical systems 的再投资活动取得了成功，公司现在盈利。在过去五年里，令人瞩目的162%总回报告诉我们投资者期待未来会有更多好事发生。话虽如此，基于令人兴奋的基本面，我们仍认为公司值得进一步的尽职调查。
While Inspire Medical Systems looks impressive, no company is worth an infinite price. The intrinsic value infographic for INSP helps visualize whether it is currently trading for a fair price.
虽然 inspire medical systems 看起来令人印象深刻，但没有公司的价值是无穷的。INSP 的内在价值信息图表可以帮助您判断当前是否正在公平交易。
While Inspire Medical Systems may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
虽然 inspire medical systems 目前可能没有获得最高的回报，但我们已经整理了一份当前获得25%以上股本回报的公司清单。请在这里查看这份免费清单。
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