Fresh Del Monte Produce (NYSE:FDP) Is Looking To Continue Growing Its Returns On Capital
Fresh Del Monte Produce (NYSE:FDP) Is Looking To Continue Growing Its Returns On Capital
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. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base 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. Speaking of which, we noticed some great changes in Fresh Del Monte Produce's (NYSE:FDP) returns on capital, so let's have a look.
尋找具有大幅增長潛力的企業並不容易,但如果我們看幾個關鍵的財務指標,這是可能的。首先,我們想找一個正在成長的 返回 關於已用資本(ROCE),然後除此之外,還不斷增加 基礎 所用資本的比例。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。說到這裏,我們注意到Fresh Del Monte Produce(紐約證券交易所代碼:FDP)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?
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. To calculate this metric for Fresh Del Monte Produce, this is the formula:
對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。要計算德爾蒙特新鮮農產品的這個指標,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)
0.054 = US$144m ÷ (US$3.2b - US$546m) (Based on the trailing twelve months to March 2024).
0.054 = 1.44億美元 ÷(32億美元-5.46億美元) (基於截至2024年3月的過去十二個月)。
Thus, Fresh Del Monte Produce has an ROCE of 5.4%. In absolute terms, that's a low return and it also under-performs the Food industry average of 11%.
因此,新鮮德爾蒙特農產品的投資回報率爲5.4%。從絕對值來看,回報率很低,也低於食品行業11%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240524/0-e8bfefe8e4c0383c5fcf0a23961802fe-0-3604409fd761ba7d96da9dd790f7d86f.png/big)
Above you can see how the current ROCE for Fresh Del Monte Produce 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 analyst report for Fresh Del Monte Produce .
上面你可以看到德爾蒙特新鮮農產品的當前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 Fresh Del Monte Produce 的免費分析師報告。
What Does the ROCE Trend For Fresh Del Monte Produce Tell Us?
德爾蒙特新鮮農產品的ROCE趨勢告訴我們什麼?
Fresh Del Monte Produce has not disappointed with their ROCE growth. The figures show that over the last five years, ROCE has grown 139% whilst employing roughly the same amount of capital. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
Fresh Del Monte Produce 對其 ROCE 的增長並沒有感到失望。數字顯示,在過去五年中,ROCE增長了139%,同時僱用了大致相同數量的資本。因此,由於所使用的資本沒有太大變化,該企業現在很可能正在從過去的投資中獲得全部收益。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。
Our Take On Fresh Del Monte Produce's ROCE
我們對德爾蒙特新鮮農產品的ROCE的看法
As discussed above, Fresh Del Monte Produce 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 only returned 2.6% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.
如上所述,Fresh Del Monte Produce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。由於該股在過去五年中僅向股東回報了2.6%,因此前景良好的基本面可能尚未得到投資者的認可。因此,如果估值和其他指標相提並論,進一步探索這隻股票可能會發現一個很好的機會。
On a separate note, we've found 1 warning sign for Fresh Del Monte Produce 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新鮮德爾蒙特農產品的警告信號。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。
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。