There's Been No Shortage Of Growth Recently For Willdan Group's (NASDAQ:WLDN) Returns On Capital
There's Been No Shortage Of Growth Recently For Willdan Group's (NASDAQ:WLDN) Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Willdan Group's (NASDAQ:WLDN) returns on capital, so let's have a look.
如果我们想找到一个潜在的多倍增长股票,通常会有一些潜在的趋势可以提供线索。首先,我们希望看到资本利用率(ROCE)有所增加,其次,资本利用率的基础在扩大。基本上这意味着公司有盈利的举措可以继续投资,这是复合机器的特征。说到这一点,我们注意到Willdan集团(纳斯达克:WLDN)的资本回报有一些很好的变化,让我们来看看。
Return On Capital Employed (ROCE): What Is It?
资本利用率(ROCE)是什么?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Willdan Group:
如果您以前没有使用ROCE,它衡量公司从业务中使用的资本所产生的“回报”(税前利润)。分析师使用这个公式来为Willdan集团计算ROCE:
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$32m ÷ (US$447m - US$129m) (Based on the trailing twelve months to September 2024).
0.10 = 3200万美元 ÷ (44700万美元 - 1.29亿美元)(基于截至2024年9月的过去十二个月)。
Therefore, Willdan Group has an ROCE of 10%. In absolute terms, that's a pretty standard return but compared to the Professional Services industry average it falls behind.
因此,Willdan集团的ROCE为10%。就绝对值而言,这是一个相当标准的回报,但与专业服务行业的平均水平相比落后。
In the above chart we have measured Willdan Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Willdan Group for free.
在上面的图表中,我们已经对Willdan集团以前的ROCE进行了测量,但未来可能更重要。如果您愿意,您可以免费查看覆盖Willdan集团的分析师的预测。
What The Trend Of ROCE Can Tell Us
尽管如此,当我们看 enphase energy (纳斯达克股票代码:ENPH) 的时候,它似乎并没有完全符合这些要求。
We like the trends that we're seeing from Willdan Group. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 10%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 22%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
我们喜欢从Willdan集团看到的趋势。数字显示,在过去的五年中,资本运用所产生的回报显著增长至10%。该公司有效地使每一美元资本产生更多利润,而且值得注意的是,资本金额也增加了22%。这可能表明在内部以及以更高利率投资资本的机会有很多,这种组合在多倍者中很常见。
What We Can Learn From Willdan Group's ROCE
从Willdan集团的ROCE我们可以学到什么
In summary, it's great to see that Willdan Group can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with a respectable 48% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. In light of that, we think it's worth looking further into this stock because if Willdan Group can keep these trends up, it could have a bright future ahead.
总之,看到Willdan集团能够通过以不断增加的回报率持续再投资资本来实现复合收益是非常好的,因为这些是那些备受追捧的多倍股的关键要素之一。在过去的五年中,持有该股票的人获得了令人尊敬的48%的回报,可以说这些发展正开始得到应有的关注。考虑到这一点,我们认为值得进一步关注这只股票,因为如果Willdan集团能够保持这些趋势,那么它可能会有一个辉煌明天。
Like most companies, Willdan Group does come with some risks, and we've found 1 warning sign that you should be aware of.
像大多数公司一样,Willdan集团确实存在一些风险,我们发现了1个警告信号,您应该注意。
While Willdan Group 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Willdan集团的回报率不是最高的,但请查看这份免费的公司名单,这些公司在股权上获得了高回报并拥有稳健的资产负债表。
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