Why The 26% Return On Capital At Axcelis Technologies (NASDAQ:ACLS) Should Have Your Attention
Why The 26% Return On Capital At Axcelis Technologies (NASDAQ:ACLS) Should Have Your Attention
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at the ROCE trend of Axcelis Technologies (NASDAQ:ACLS) we really liked what we saw.
要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 所用資本的百分比。如果你看到這一點,那通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。所以當我們看一下ROCE趨勢時 Axcelis 科技 (納斯達克股票代碼:ACLS)我們真的很喜歡我們所看到的。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
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 Axcelis Technologies, this is the formula:
對於那些不確定什麼是投資回報率的人,它衡量的是公司可以從其業務中使用的資本中獲得的稅前利潤。要計算 Axcelis Technologies 的這個指標,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用資本回報率 = 利息和稅前收益 (EBIT) ÷(總資產-流動負債)
0.26 = US$243m ÷ (US$1.2b - US$261m) (Based on the trailing twelve months to September 2023).
0.26 = 2.43億美元 ¥(12億美元至2.61億美元) (基於截至2023年9月的過去十二個月)。
Thus, Axcelis Technologies has an ROCE of 26%. That's a fantastic return and not only that, it outpaces the average of 11% earned by companies in a similar industry.
因此, Axcelis Technologies的投資回報率爲26%。 這是一個了不起的回報,不僅如此,它還超過了類似行業公司11%的平均收入。
See our latest analysis for Axcelis Technologies
查看我們對Axcelis科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231109/0-a2827f2eac5a94ec68f05ee6e0f5651a-0-2c0a84de6a362c545affb904110071ba.png/big)
Above you can see how the current ROCE for Axcelis Technologies compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Axcelis Technologies here for free.
在上方你可以看到Axcelis Technologies當前的投資回報率與之前的資本回報率相比如何,但從過去可以看出來只有這麼多。如果你願意,可以在這裏查看報道Axcelis Technologies的分析師的預測 免費。
How Are Returns Trending?
退貨趨勢如何?
We like the trends that we're seeing from Axcelis Technologies. Over the last five years, returns on capital employed have risen substantially to 26%. Basically the business is earning more per dollar of capital invested and in addition to that, 108% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我們喜歡從Axcelis Technologies看到的趨勢。在過去五年中,資本使用回報率已大幅上升至26%。基本上,企業每投資1美元的資本就能獲得更多的收入,除此之外,現在使用的資本也增加了108%。不斷增長的資本回報率在多元化企業中很常見,這就是我們印象深刻的原因。
In Conclusion...
總之...
To sum it up, Axcelis Technologies has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And a remarkable 700% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.
總而言之,Axcelis Technologies已經證明它可以對業務進行再投資,並從所使用的資本中獲得更高的回報,這太棒了。在過去五年中,700%的驚人總回報率告訴我們,投資者預計未來會有更多的好處。因此,我們認爲值得您花時間檢查這些趨勢是否會持續下去。
If you'd like to know about the risks facing Axcelis Technologies, we've discovered 1 warning sign that you should be aware of.
如果你想知道Axcelis Technologies面臨的風險,我們已經發現 1 個警告標誌 你應該知道的。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回報是實現強勁業績的關鍵因素,所以請查看我們的 免費的 資產負債表穩健的股票清單,股本回報率高。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有反饋嗎?擔心內容嗎? 取得聯繫 直接和我們在一起。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。 我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。簡而言之,華爾街在上述任何股票中都沒有頭寸。