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Here's What To Make Of SPS Commerce's (NASDAQ:SPSC) Decelerating Rates Of Return

Here's What To Make Of SPS Commerce's (NASDAQ:SPSC) Decelerating Rates Of Return

以下是对 sps commerce(纳斯达克:SPSC)收益率下降的解读
Simply Wall St ·  2024/11/17 22:13

There are a few key trends to look for if we want to identify the next multi-bagger. 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. That's why when we briefly looked at SPS Commerce's (NASDAQ:SPSC) ROCE trend, we were pretty happy with what we saw.

如果我们想要找到下一个翻番股,有一些关键趋势值得关注。一种常见的方法是尝试找到一个资本回报率(ROCE)逐渐增长,并且资本投入增加的公司。最终,这表明这是一个以递增速率重新投资利润的企业。这就是为什么当我们简要看了SPS Commerce(纳斯达克:SPSC)的ROCE趋势时,我们对所看到的感到非常满意。

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 SPS Commerce is:

对于那些不了解的人,ROCE是衡量公司年度税前利润(其回报)与企业资本投入的比例。SPS Commerce的计算公式是:

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)

0.10 = US$87m ÷ (US$1.0b - US$146m) (Based on the trailing twelve months to September 2024).

0.10 = 8,700万美元 ÷ (10亿美元 - 1.46亿美元)(截至2024年9月的过去十二个月计算)。

Thus, SPS Commerce has an ROCE of 10%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Software industry average of 8.8%.

因此,SPS Commerce的ROCE为10%。就绝对值而言,这是一个相当正常的回报率,并且与软件行业平均回报率8.8%相当接近。

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NasdaqGS:SPSC Return on Capital Employed November 17th 2024
NasdaqGS:SPSC资本雇用回报率2024年11月17日

Above you can see how the current ROCE for SPS Commerce 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 SPS Commerce .

从上面你可以看到SPS Commerce目前的ROCE与其以往的资本回报率相比,但过去能看到的也只有这么多。如果你感兴趣,你可以查看我们免费的SPS Commerce分析师报告中的分析师预测。

The Trend Of ROCE

ROCE趋势

The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has consistently earned 10% for the last five years, and the capital employed within the business has risen 134% in that time. 10% is a pretty standard return, and it provides some comfort knowing that SPS Commerce has consistently earned this amount. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.

ROCE的趋势并没有突出,但整体回报还算不错。该公司在过去五年一直保持稳定的10%的回报率,在此期间企业内投入的资本增长了134%。10%是相当标准的回报率,知道SPS Commerce一直保持着这个水平也有些许安慰。在这个范围内稳定的回报可能会让人感到无聊,但如果能长期保持,通常会给股东带来不错的回报。

What We Can Learn From SPS Commerce's ROCE

我们从SPS Commerce的ROCE中能学到什么

To sum it up, SPS Commerce has simply been reinvesting capital steadily, at those decent rates of return. On top of that, the stock has rewarded shareholders with a remarkable 215% return to those who've held over the last five years. So while investors seem to be recognizing these promising trends, we still believe the stock deserves further research.

总而言之,SPS Commerce简单地持续稳定地再投资资本,以这些体面的回报率。此外,对于过去五年持有过的股东,该股票以非常惊人的215%回报回报了他们。因此,尽管投资者似乎意识到这些有前途的趋势,我们仍然认为这支股票值得进一步研究。

Like most companies, SPS Commerce does come with some risks, and we've found 1 warning sign that you should be aware of.

和大多数公司一样,SPS Commerce也存在一些风险,我们发现了1个警告信号,你应该注意。

While SPS Commerce 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.

尽管SPS Commerce目前的回报率不是最高的,我们已经整理了一个目前回报率超过25%的公司名单。在这里查看这个免费名单。

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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.

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