DoubleDown Interactive (NASDAQ:DDI) Is Looking To Continue Growing Its Returns On Capital
DoubleDown Interactive (NASDAQ:DDI) Is Looking To Continue Growing Its Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in DoubleDown Interactive's (NASDAQ:DDI) returns on capital, so let's have a look.
我們應該尋找哪些趨勢?我們想確定可以長期價值成倍增長的股票?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 所用資本的比例。如果你看到這一點,這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。說到這裏,我們注意到DoubleDown Interactive(納斯達克股票代碼:DDI)的資本回報率發生了一些重大變化,所以讓我們來看看吧。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on DoubleDown Interactive is:
爲了澄清一下你是否不確定,ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入(按百分比計算)的指標。在 DoubleDown Interactive 上進行此計算的公式爲:
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$107m ÷ (US$761m - US$53m) (Based on the trailing twelve months to September 2023).
0.15 = 1.07 億美元 ÷(7.61 億美元-5300 萬美元) (基於截至2023年9月的過去十二個月)。
So, DoubleDown Interactive has an ROCE of 15%. On its own, that's a standard return, however it's much better than the 8.4% generated by the Entertainment industry.
因此,DoubleDown Interactive的投資回報率爲15%。就其本身而言,這是標準回報,但要比娛樂業產生的8.4%好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240213/0-8841f94e7137038994ba860ca027c593-0-6d7f3245f741d60ed4b82996e7a28f60.png/big)
Above you can see how the current ROCE for DoubleDown Interactive 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 DoubleDown Interactive.
上面你可以看到DoubleDown Interactive當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果你想了解分析師對未來的預測,你應該查看我們的DoubleDown Interactive免費報告。
What Does the ROCE Trend For DoubleDown Interactive Tell Us?
DoubleDown Interactive 的投資回報率趨勢告訴我們什麼?
DoubleDown Interactive's ROCE growth is quite impressive. More specifically, while the company has kept capital employed relatively flat over the last three years, the ROCE has climbed 35% in that same time. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
DoubleDown Interactive的投資回報率增長相當可觀。更具體地說,儘管該公司在過去三年中一直保持相對平穩的資本使用率,但同期投資回報率增長了35%。基本上,該業務正在從相同數量的資本中獲得更高的回報,這證明了公司的效率有所提高。從這個意義上講,該公司表現良好,值得研究管理團隊對長期增長前景的計劃。
In Conclusion...
總之...
As discussed above, DoubleDown Interactive appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. Since the stock has returned a solid 8.5% 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.
如上所述,DoubleDown Interactive似乎越來越擅長創造回報,因爲資本利用率保持不變,但收益(不計利息和稅收)有所增加。由於該股去年給股東的回報率穩步增長了8.5%,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。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation on our platform that is definitely worth checking out.
在投資回報率的另一面,我們必須考慮估值。這就是爲什麼我們在平台上提供了免費的內在價值估算值的原因,這絕對值得一試。
While DoubleDown Interactive isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管DoubleDown Interactive的回報率並不高,但請查看這份免費的股票回報率高、資產負債表穩健的公司名單。
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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。