Digi International (NASDAQ:DGII) Shareholders Will Want The ROCE Trajectory To Continue
Digi International (NASDAQ:DGII) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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. So when we looked at Digi International (NASDAQ:DGII) and its trend of ROCE, we really liked what we saw.
如果我们想找到一只在长期内可能翻倍的股票,我们应该关注哪些基本趋势?在其他方面,我们希望看到两点;首先,资本回报率(ROCE)持续增长,其次,公司投入的资本量扩大。基本上,这意味着公司有盈利的举措可以继续再投资,这是一个复利机器的特征。因此,当我们查看美国迪进国际(纳斯达克:DGII)及其ROCE的趋势时,我们对此印象非常深刻。
Return On Capital Employed (ROCE): What Is It?
资本回报率(ROCE):它是什么?
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Digi International, this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中投入的资本能够产生的税前利润。要计算美国迪进国际的这个指标,公式如下:
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)
0.066 = US$48m ÷ (US$815m - US$89m) (Based on the trailing twelve months to September 2024).
0.066 = 4800万美元 ÷ (81500万美元 - 89万美元)(基于截至2024年9月的过去十二个月)。
Therefore, Digi International has an ROCE of 6.6%. Ultimately, that's a low return and it under-performs the Communications industry average of 11%.
因此,美国迪进国际的ROCE为6.6%。最终,这个回报率较低,低于通信行业平均水平的11%。
Above you can see how the current ROCE for Digi International 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 Digi International .
上面可以看出美国迪进国际当前的资本回报率与之前的资本回报率相比,但从过去的信息中你只能了解那么多。如果你想查看分析师对未来的预测,应该查看我们为美国迪进国际提供的免费分析师报告。
How Are Returns Trending?
回报率的趋势如何?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 6.6%. 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 105%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
尽管绝对数值上ROCE仍然较低,但看到它朝着正确的方向发展是件好事。数字显示,在过去的五年里,投入资本所产生的回报显著增长至6.6%。该公司有效地每投入一美元资本就赚取更多的利润,值得注意的是资本的数额也增加了105%。资本增长带来的回报增加在多重收益的公司中并不少见,这就是我们感到印象深刻的原因。
The Bottom Line
总结
To sum it up, Digi International has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a solid 78% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
总结来说,美国迪进国际已经证明它能够重新投资于业务并为投入的资本产生更高的回报,这非常好。由于在过去五年中,该股票为股东带来了78%的可观回报,可以公平地说投资者开始认识到这些变化。因此,我们认为你值得花时间检查这些趋势是否会持续下去。
One more thing, we've spotted 1 warning sign facing Digi International that you might find interesting.
还有一件事,我们发现了一个警告信号,涉及到美国迪进国际,这可能会引起你的兴趣。
While Digi International 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.
虽然美国迪进国际目前的回报可能不是最高的,但我们已经编制了一份名单,列出了目前回报超过25%的公司。请在这里查看这份免费名单。
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