A Look Into Vital Farms' (NASDAQ:VITL) Impressive Returns On Capital
A Look Into Vital Farms' (NASDAQ:VITL) Impressive Returns On Capital
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. 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So, when we ran our eye over Vital Farms' (NASDAQ:VITL) trend of ROCE, we really liked what we saw.
如果你不確定下一個多倍股票的選擇該從何處入手,那麼你應該關注一些關鍵趨勢。在完美世界中,我們希望看到公司投入更多資本到業務中,理想的情況是該資本所獲得的回報也在增加。如果你看到這種情況,通常意味着這是一傢俱有出色的商業模式和充足的有利可圖的重新投資機會的公司。因此,當我們審視Vital Farms(納斯達克:VITL)的ROCE趨勢時,我們非常喜歡我們所看到的。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
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 Vital Farms, this is the formula:
對於不確定ROCE是什麼的人,它衡量了公司從其業務所使用的資本中能夠產生的稅前利潤的數量。要爲Vital Farms計算此度量標準,可以使用以下公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率(ROCE)是指企業利潤,即企業稅前利潤除以企業投入的總資本(負債加股權)。如果ROCE高於企業財務成本的承受能力,那麼企業就會創造出更多的價值。
0.20 = US$47m ÷ (US$300m - US$70m) (Based on the trailing twelve months to March 2024).
0.20 = US $ 4700萬 ÷(US $ 30000萬-US $ 70m)(基於截至2024年3月的過去十二個月)。
Thus, Vital Farms has an ROCE of 20%. In absolute terms that's a great return and it's even better than the Food industry average of 11%.
因此,Vital Farms的ROCE爲20%。從絕對值來看,這是一個不錯的回報,甚至比食品行業平均水平高11%。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240715/0-a065bdf40ecfd25a4b416ec497f9b1ee-0-19be23ecbfd790ffe58361e0f115bfa3.png/big)
Above you can see how the current ROCE for Vital Farms 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 Vital Farms .
您可以看到Vital Farms當前的ROCE與其過去的資本回報率相比如何,但過去的情況並不能告訴我們太多。如果您想了解分析師未來的預測,您應該查看我們爲Vital Farms提供的免費分析師報告。
How Are Returns Trending?
綜合上述,Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定,如果其他指標也不錯,則可能存在機會。因此,進一步研究這家公司並確定這些趨勢是否會持續是合理的。
In terms of Vital Farms' history of ROCE, it's quite impressive. The company has consistently earned 20% for the last five years, and the capital employed within the business has risen 575% in that time. Now considering ROCE is an attractive 20%, this combination is actually pretty appealing because it means the business can consistently put money to work and generate these high returns. You'll see this when looking at well operated businesses or favorable business models.
就Vital Farms的ROCE歷史而言,它是相當令人印象深刻的。公司在過去五年中一直保持20%的收益率,而在此期間業務中使用的資本已增長了575%。現在考慮到ROCE爲20%,這種組合實際上非常有吸引力,因爲它意味着企業可以持續投入資金併產生高收益。當您查看運營良好的企業或有利的商業模式時,您會看到這一點。
On a side note, Vital Farms has done well to reduce current liabilities to 23% of total assets over the last five years. 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.
順便說一句,Vital Farms在過去五年中成功將流動負債減少到總資產的23%以下。這有助於消除一些潛在的風險,因爲企業對供應商或短期債權人的未結債務少於以前。
The Key Takeaway
重要提示
Vital Farms has demonstrated its proficiency by generating high returns on increasing amounts of capital employed, which we're thrilled about. And the stock has done incredibly well with a 126% return over the last three years, so long term investors are no doubt ecstatic with that result. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.
Vital Farms通過生成越來越多的資本收益率來證明其專業能力,這讓我們感到非常高興。股票在過去三年中取得了126%的回報,因此長期投資者毫無疑問會感到興奮。因此,儘管積極的潛在趨勢可能已被投資者計算在內,我們仍認爲值得進一步研究這支股票。
One more thing to note, we've identified 2 warning signs with Vital Farms and understanding these should be part of your investment process.
還有一件事需要注意的是,我們已經確定了Vital Farms的兩個預警信號,了解這些信號應該是您投資流程的一部分。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司獲得高回報,請在此查看我們免費的高回報、堅實財務狀況的公司列表。
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.
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。