Looking Into AZZ's Return On Capital Employed
Looking Into AZZ's Return On Capital Employed
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows AZZ is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. Pulled from Benzinga Pro data, AZZ (NYSE:AZZ) posted Q4 earnings of $21.62 million, an increase from Q3 of 2.55%. Sales dropped to $224.65 million, a 3.06% decrease between quarters. In Q3, AZZ brought in $231.74 million in sales but only earned $21.09 million.
摘自Benzinga Pro Data，AZZ(紐約證券交易所股票代碼：AZZ)公佈第四季度收益為2162萬美元，較第三季度的2.55%有所增長。銷售額降至2.2465億美元，環比下降3.06%。第三季度，AZZ的銷售額為2.3174億美元，但只賺了2109萬美元。
What Is Return On Capital Employed?
什麼是已動用資本回報率？
Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q4, AZZ posted an ROCE of 0.03%.
沒有背景的收益數據不清楚，可能很難作為交易決定的依據。已用資本回報率(ROCE)通過衡量年度税前利潤與企業所用資本的比例，幫助過濾噪聲中的信號。一般來説，較高的淨資產收益率意味着公司的成功增長，也是未來每股收益較高的跡象。第四季度，AZZ的淨資產收益率為0.03%。
It is important to keep in mind that ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future.
重要的是要記住，ROCE評估的是過去的績效，而不是用作預測工具。這是衡量一家公司近期表現的一個很好的指標，但沒有考慮到可能在不久的將來影響收益和銷售的因素。
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows AZZ is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth.
淨資產收益率是比較類似公司資本配置有效性的有力指標。相對較高的淨資產收益率表明，AZZ的運營效率可能比行業內其他公司更高。如果公司以目前的資本水平產生高利潤，其中一些資金可以再投資於更多的資本，這通常會帶來更高的回報，並最終實現每股收益(EPS)的增長。
For AZZ, the positive return on capital employed ratio of 0.03% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
對於AZZ，0.03%的正資本使用回報率表明管理層正在有效地配置他們的資本。有效的資本配置是一個積極的指標，表明一家公司將獲得更持久的成功和有利的長期回報。
Upcoming Earnings Estimate
即將到來的收益預期
AZZ reported Q4 earnings per share at $0.86/share, which beat analyst predictions of $0.71/share.
AZZ公佈第四季度每股收益為0.86美元，超過了分析師預測的0.71美元。
This article was generated by Benzinga's automated content engine and reviewed by an editor.
本文由Benzinga的自動內容引擎生成，並由編輯審閲。
