OneSpaWorld Holdings' (NASDAQ:OSW) Returns On Capital Are Heading Higher
OneSpaWorld Holdings' (NASDAQ:OSW) Returns On Capital Are Heading Higher
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at OneSpaWorld Holdings (NASDAQ:OSW) and its trend of ROCE, we really liked what we saw.
你知道有一些財務指標可以爲潛在的股票大賺錢者提供線索嗎?除其他外,我們還需要看到兩件事;首先是增長的資本僱用回報率(ROCE),其次是公司僱用資本的數量擴大。最終,這表明這是一家以逐漸提高的投資回報率再投資利潤的企業。因此,當我們觀察 OneSpaWorld Holdings (納斯達克:onespaworld) 的 ROCE 趨勢時,我們真的很喜歡我們看到的內容。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法:正如我們上面看到的,Enphase Energy 的資本回報率沒有提高,但它正在重新投資於業務。投資者必須認爲未來會有更好的前景,因爲股票表現良好,使持股五年以上的股東獲得了 690% 的收益。最終,如果基本趨勢持續存在,我們不會對它成爲一隻多頭股持有期很久很有信心。
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. The formula for this calculation on OneSpaWorld Holdings is:
對於那些不了解ROCE的人來說,它是衡量企業按年計算的稅前利潤(即回報)相對於所僱用的資本的一種指標。該計算公式用於OneSpaWorld Holdings 是:
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。
0.093 = US$63m ÷ (US$764m - US$88m) (Based on the trailing twelve months to March 2024).
0.093 = 6300萬美元 ÷ (76400萬美元 - 8800萬美元)(根據2024年3月期的過去十二個月)。
Thus, OneSpaWorld Holdings has an ROCE of 9.3%. On its own that's a low return, but compared to the average of 7.6% generated by the Consumer Services industry, it's much better.
因此,OneSpaWorld Holdings 的 ROCE 爲9.3%。僅就此而言,這是一個較低的回報率,但與服務業板塊產生的7.6%的平均水平相比,它要好得多。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240717/0-f0db2f72d161e2e961aa4f9868886cdd-0-fa463fa5438979b1f2a6ba730219f28f.png/big)
In the above chart we have measured OneSpaWorld Holdings' 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 OneSpaWorld Holdings for free.
在上圖中,我們已經將 OneSpaWorld Holdings 以往的 ROCE 與其先前表現進行了比較,但未來可能更爲重要。如果您願意,您可以免費查看覆蓋 OneSpaWorld Holdings 的分析師的預測。
What Can We Tell From OneSpaWorld Holdings' ROCE Trend?
我們可以從 OneSpaWorld Holdings 的 ROCE 趨勢中得到什麼信息?
OneSpaWorld Holdings has not disappointed in regards to ROCE growth. We found that the returns on capital employed over the last five years have risen by 214%. The company is now earning US$0.09 per dollar of capital employed. Interestingly, the business may be becoming more efficient because it's applying 26% less capital than it was five years ago. OneSpaWorld Holdings may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.
在 ROCE 增長方面,OneSpaWorld Holdings 沒有讓人失望。我們發現,在過去五年中,僱用資本回報率增長了214%。公司現在每僱用1美元資本可以賺取0.09美元。有趣的是,這家企業的資本開支比五年前減少了26%。OneSpaWorld Holdings 可能在出售一些資產,因此值得調查一下該企業是否有計劃進行未來投資以進一步增加回報。
The Bottom Line On OneSpaWorld Holdings' ROCE
總的來說,很高興看到 OneSpaWorld Holdings 能夠扭轉局面,以更少的資本獲得更高的回報。由於過去五年該股僅爲股東帶來了5.9%的回報,因此有前景的基本面可能尚未被投資者認可。因此,如果估值和其他指標堆疊起來,探究更多關於這支股票的信息可能會帶來良機。
In summary, it's great to see that OneSpaWorld Holdings has been able to turn things around and earn higher returns on lower amounts of capital. Since the stock has only returned 5.9% 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.
如果您想了解 OneSpaWorld Holdings 面臨的風險,我們已經發現了3個應該知道的警告信號。
If you'd like to know about the risks facing OneSpaWorld Holdings, we've discovered 3 warning signs that you should be aware of.
雖然 OneSpaWorld Holdings 的回報率並不是最高的,但請查看此免費公司名單,這些公司具有堅實的資產負債表和高回報率。
While OneSpaWorld Holdings isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然OneSpaWorld控股收益率不是最高的,但可以查看該免費公司列表,這些公司在平衡表方面具有高回報率。
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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。