Returns At Array Technologies (NASDAQ:ARRY) Appear To Be Weighed Down
Returns At Array Technologies (NASDAQ:ARRY) Appear To Be Weighed Down
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So, when we ran our eye over Array Technologies' (NASDAQ:ARRY) trend of ROCE, we liked what we saw.
如果你在尋找下一款多功能裝袋機時不確定從哪裏開始,那麼你應該留意一些關鍵趨勢。一種常見的方法是嘗試找一家公司 回報 論資本使用率(ROCE)在增加的同時增長 金額 已動用資本的百分比。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資於業務併產生更高的回報。因此,當我們關注Array Technologies(納斯達克股票代碼:ARRY)的投資回報率趨勢時,我們喜歡我們所看到的。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Array Technologies:
對於那些不知道的人來說,投資回報率是衡量公司年度稅前利潤(其回報率)與企業所用資本的關係。分析師使用以下公式爲陣列技術計算得出:
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)
0.15 = US$210m ÷ (US$1.8b - US$401m) (Based on the trailing twelve months to September 2023).
0.15 = 2.1 億美元 ¥(18 億美元-4.01 億美元) (基於截至2023年9月的過去十二個月)。
Thus, Array Technologies has an ROCE of 15%. In absolute terms, that's a satisfactory return, but compared to the Electrical industry average of 13% it's much better.
因此,陣列科技的投資回報率爲15%。從絕對值來看,這是一個令人滿意的回報,但與電氣行業平均水平的13%相比,要好得多。
Check out our latest analysis for Array Technologies
查看我們對陣列技術的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231129/0-e5525b63de7a55beb10c43dae76e454a-0-98a275c435e961c15636bb987d20aae2.png/big)
Above you can see how the current ROCE for Array Technologies 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 report for Array Technologies.
在上方你可以看到Array 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。如果你想了解分析師對未來的預測,你應該查看我們的Array Technologies免費報告。
What The Trend Of ROCE Can Tell Us
ROCE 的趨勢能告訴我們什麼
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has employed 301% more capital in the last four years, and the returns on that capital have remained stable at 15%. 15% is a pretty standard return, and it provides some comfort knowing that Array Technologies has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
ROCE的趨勢並不引人注目,但總體而言,回報還是不錯的。在過去四年中,該公司使用的資本增加了301%,並且該資本的回報率一直穩定在15%。15%是一個相當標準的回報率,知道Array Technologies一直賺到這筆錢,這讓人感到欣慰。在很長一段時間內,這樣的回報可能不太令人興奮,但如果保持一致,它們可以在股價回報方面獲得回報。
One more thing to note, even though ROCE has remained relatively flat over the last four years, the reduction in current liabilities to 23% of total assets, is good to see from a business owner's perspective. This can eliminate some of the risks inherent in the operations because the business has less outstanding obligations to their suppliers and or short-term creditors than they did previously.
還有一點需要注意,儘管投資回報率在過去四年中一直保持相對平穩,但從企業主的角度來看,流動負債減少到總資產的23%還是不錯的。這可以消除業務中固有的某些風險,因爲企業對供應商和/或短期債權人的未償債務比以前少。
What We Can Learn From Array Technologies' ROCE
我們可以從 Array Technologies 的 ROCE 中學到什麼
The main thing to remember is that Array Technologies has proven its ability to continually reinvest at respectable rates of return. Yet over the last three years the stock has declined 63%, so the decline might provide an opening. For that reason, savvy investors might want to look further into this company in case it's a prime investment.
要記住的主要一點是,Array Technologies已經證明了其以可觀的回報率持續進行再投資的能力。然而,在過去三年中,該股下跌了63%,因此下跌可能提供了機會。出於這個原因,精明的投資者可能想進一步研究這家公司,以防這是一項主要投資。
One more thing to note, we've identified 1 warning sign with Array Technologies and understanding this should be part of your investment process.
還有一點需要注意的是,我們已經發現了Array Technologies的1個警告信號,我們知道這應該成爲您投資過程的一部分。
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.
如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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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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,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本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型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。