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The Trend Of High Returns At AGCO (NYSE:AGCO) Has Us Very Interested

The Trend Of High Returns At AGCO (NYSE:AGCO) Has Us Very Interested

愛科(紐約證券交易所代碼:AGCO)的高回報趨勢使我們非常感興趣
Simply Wall St ·  03/25 10:19

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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 looked at the ROCE trend of AGCO (NYSE:AGCO) we really liked what we saw.

如果我們想找到一隻可以長期成倍增長的股票,我們應該尋找哪些潛在趨勢?在一個完美的世界中,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中獲得的回報也在增加。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到業務中併產生更高的回報。因此,當我們研究愛科(紐約證券交易所代碼:AGCO)的投資回報率趨勢時,我們真的很喜歡我們所看到的。

What Is Return On Capital Employed (ROCE)?

什麼是資本使用回報率(ROCE)?

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. Analysts use this formula to calculate it for AGCO:

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。分析師使用以下公式爲愛科計算:

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)

0.24 = US$1.7b ÷ (US$11b - US$4.3b) (Based on the trailing twelve months to December 2023).

0.24 = 17億美元 ÷(110億美元-43億美元) (基於截至2023年12月的過去十二個月)

Therefore, AGCO has an ROCE of 24%. That's a fantastic return and not only that, it outpaces the average of 13% earned by companies in a similar industry.

因此,愛科的投資回報率爲24%。這是一個了不起的回報,不僅如此,它還超過了同類行業公司13%的平均收入。

roce
NYSE:AGCO Return on Capital Employed March 25th 2024
紐約證券交易所:愛科2024年3月25日動用資本回報率

In the above chart we have measured AGCO's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering AGCO for free.

在上圖中,我們將愛科先前的投資回報率與先前的業績進行了對比,但可以說,未來更爲重要。如果您願意,可以免費查看報道愛科的分析師的預測。

What The Trend Of ROCE Can Tell Us

ROCE 的趨勢能告訴我們什麼

AGCO is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 24%. The amount of capital employed has increased too, by 46%. So we're very much inspired by what we're seeing at AGCO thanks to its ability to profitably reinvest capital.

愛科顯示出一些積極的趨勢。數據顯示,在過去五年中,資本回報率大幅上升至24%。使用的資本金額也增加了46%。因此,由於愛科能夠盈利地進行資本再投資,我們在愛科所看到的情況給我們帶來了極大的啓發。

The Bottom Line On AGCO's ROCE

愛科集團投資回報率的底線

To sum it up, AGCO has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And with a respectable 94% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. Therefore, we think it would be worth your time to check if these trends are going to continue.

總而言之,愛科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。而且,在過去五年中持有該股票的人將獲得可觀的94%的獎勵,你可以說這些發展已開始得到應有的關注。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。

On a separate note, we've found 1 warning sign for AGCO you'll probably want to know about.

另一方面,我們發現了一個你可能想知道的愛科警告標誌。

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.

高回報是強勁表現的關鍵因素,因此請查看我們的免費股本回報率高且資產負債表穩健的股票清單。

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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.

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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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