Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist
Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. With that in mind, we've noticed some promising trends at First Watch Restaurant Group (NASDAQ:FWRG) so let's look a bit deeper.
找到一傢俱有大幅增長潛力的企業並不容易,但是如果我們看一些關鍵的財務指標,這是可能的。通常,我們會想注意到增長的趨勢 返回 在資本使用率(ROCE)方面,除此之外,還在擴大 基礎 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。考慮到這一點,我們注意到First Watch餐廳集團(納斯達克股票代碼:FWRG)的一些令人鼓舞的趨勢,所以讓我們更深入地了解一下。
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 First Watch Restaurant Group, this is the formula:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。要計算 First Watch 餐廳集團的此指標,公式如下:
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)
0.036 = US$40m ÷ (US$1.2b - US$110m) (Based on the trailing twelve months to September 2023).
0.036 = 4000萬美元 ÷(12億美元-1.1億美元) (基於截至2023年9月的過去十二個月)。
So, First Watch Restaurant Group has an ROCE of 3.6%. In absolute terms, that's a low return and it also under-performs the Hospitality industry average of 9.2%.
因此,First Watch餐廳集團的投資回報率爲3.6%。從絕對值來看,這是一個低迴報,其表現也低於酒店業9.2%的平均水平。
View our latest analysis for First Watch Restaurant Group
查看我們對 First Watch 餐廳集團的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240107/0-18b54eb6b359536521d9370bc0ba30fe-0-4f3b9b5bf99e9b3e10e05b7c74e6cd1e.png/big)
In the above chart we have measured First Watch Restaurant Group's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上圖中,我們將First Watch餐廳集團先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果您有興趣,可以在我們關於公司分析師預測的免費報告中查看分析師的預測。
How Are Returns Trending?
退貨趨勢如何?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last four years to 3.6%. 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 31%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
儘管投資回報率的絕對值仍然很低,但很高興看到它正朝着正確的方向前進。數據顯示,在過去四年中,資本回報率大幅上升至3.6%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了31%。越來越多的資本所帶來的回報率不斷增加在多袋公司中很常見,這就是爲什麼我們印象深刻的原因。
Our Take On First Watch Restaurant Group's ROCE
我們的看法 First Watch 餐廳集團的 ROCE
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what First Watch Restaurant Group has. Since the stock has returned a solid 39% to shareholders over the last year, it's fair to say investors are beginning to recognize these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
一家資本回報率不斷提高且能夠持續進行自我再投資的公司是一個備受追捧的特徵,而這正是First Watch Restaurant Group所擁有的。由於該股去年給股東的回報率穩步增長了39%,因此可以公平地說,投資者開始意識到這些變化。話雖如此,我們仍然認爲前景良好的基本面意味着公司值得進一步的盡職調查。
If you'd like to know about the risks facing First Watch Restaurant Group, we've discovered 1 warning sign that you should be aware of.
如果你想了解First Watch餐廳集團面臨的風險,我們發現了一個你應該注意的警告信號。
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。
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?對內容感到擔憂?直接聯繫我們。 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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。