Return Trends At CTS (NYSE:CTS) Aren't Appealing
Return Trends At CTS (NYSE:CTS) Aren't Appealing
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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 CTS' (NYSE:CTS) ROCE trend, we were pretty happy with what we saw.
如果我們想要找到一隻可以長期成倍增長的股票,我們應該尋找什麼潛在趨勢?一種常見的方法是嘗試找到一家擁有退貨已使用資本(ROCE)正在增加,同時也在增長金額已動用資本的比例。歸根結底,這表明它是一家正在以越來越高的回報率對利潤進行再投資的企業。這就是為什麼當我們短暫地查看CTS‘(紐約證券交易所股票代碼:CTS)ROCE趨勢,我們對所看到的相當滿意。
What Is Return On Capital Employed (ROCE)?
什麼是資本回報率(ROCE)?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on CTS is:
如果你以前沒有使用過ROCE,它衡量的是一家公司從業務資本中獲得的“回報”(稅前利潤)。CTS上的此計算公式為:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率=息稅前收益(EBIT)?(總資產-流動負債)
0.14 = US$93m ÷ (US$756m - US$107m) (Based on the trailing twelve months to June 2023).
0.14美元=9300萬美元?(7.56億美元-1.07億美元)(根據截至2023年6月的往績12個月計算)。
So, CTS has an ROCE of 14%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Electronic industry average of 13%.
所以,CTS的淨資產收益率為14%。按絕對值計算,這是一個相當正常的回報率,有點接近電子行業13%的平均水準。
See our latest analysis for CTS
查看我們對CTS的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231015/0-41eabfba07235637880d6b5560327905-0-4684a353ee9c183d9584bb06ef9ac4c9.png/big)
In the above chart we have measured CTS' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for CTS.
在上面的圖表中,我們衡量了CTS之前的ROCE和它之前的表現,但可以說,未來更重要。如果您想查看分析師對未來的預測,您應該查看我們的免費為CTS報到。
What Does the ROCE Trend For CTS Tell Us?
CTS的ROCE趨勢告訴我們什麼?
The trend of ROCE doesn't stand out much, but returns on a whole are decent. Over the past five years, ROCE has remained relatively flat at around 14% and the business has deployed 48% more capital into its operations. Since 14% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. 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的趨勢並不是很突出,但總體來說回報是不錯的。在過去五年中,淨資產收益率相對持平,保持在14%左右,該業務在運營中投入的資本增加了48%。雖然14%是一個中等的淨資產收益率,但很高興看到一家企業能夠繼續以如此可觀的回報率進行再投資。這樣的穩定回報可能並不令人興奮,但如果它們能夠長期保持下去,它們往往會為股東提供豐厚的回報。
What We Can Learn From CTS' ROCE
我們可以從中旅的ROCE中學到什麼
In the end, CTS has proven its ability to adequately reinvest capital at good rates of return. In light of this, the stock has only gained 40% over the last five years for shareholders who have owned the stock in this period. That's why it could be worth your time looking into this stock further to discover if it has more traits of a multi-bagger.
最終,CTS證明瞭自己有能力以良好的回報率進行充分的資本再投資。有鑒於此,在過去五年中,在此期間持有該股的股東的股價僅上漲了40%。這就是為什麼值得你花時間進一步研究這只股票,看看它是否有更多的多袋子特徵。
If you're still interested in CTS it's worth checking out our FREE intrinsic value approximation to see if it's trading at an attractive price in other respects.
如果您仍然對CTS感興趣,那麼值得查看我們的自由內在值近似看看它在其他方面的交易價格是否有吸引力。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想尋找收入豐厚的可靠公司,看看這個免費擁有良好資產負債表和可觀股本回報率的公司名單。
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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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本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.