The Trend Of High Returns At Kforce (NYSE:KFRC) Has Us Very Interested
The Trend Of High Returns At Kforce (NYSE:KFRC) Has Us Very Interested
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at the ROCE trend of Kforce (NYSE:KFRC) we really liked what we saw.
我們應該尋找哪些早期趨勢來識別一隻股票可能會在長期內增值的特質呢?理論上,公司會表現出兩個趨勢;首先是資本僱用回報(ROCE)增長,其次是資本僱用量的增加。這基本上意味着公司有盈利的創舉,可以繼續投資,這是複利機器的特徵。因此,當我們看到Kforce(NYSE:KFRC)的ROCE趨勢時,我們真的很喜歡。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較,但過去只能知道這麼多。如果您感興趣,可以查看我們免費的蒙托克可再生能源分析師報告,了解分析師的預測。
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 Kforce, this is the formula:
對於那些不確定什麼是ROCE的人來說,它衡量的是一家公司從其業務中僱用的資本所能產生的稅前利潤的數量。要爲Kforce計算這個指標,這是公式:
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。
0.31 = US$79m ÷ (US$366m - US$106m) (Based on the trailing twelve months to March 2024).
0.31 = 7900萬美元 ÷ (3.66億美元 - 1.06億美元)(截至2024年3月12個月)。因此,Kforce的ROCE爲31%。這是一個很棒的回報,不僅如此,它還超過了同行業公司平均14%的回報。
Therefore, Kforce has an ROCE of 31%. That's a fantastic return and not only that, it outpaces the average of 14% earned by companies in a similar industry.
上面你可以看到Kforce目前的ROCE如何與其之前的資本回報相比,但過去只能告訴我們這麼多。如果你感興趣,你可以查看有關Kforce的免費分析師報告中分析師的預測。
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Above you can see how the current ROCE for Kforce compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Kforce .
你可以看到Kforce目前的ROCE如何與其之前的資本回報相比,但過去只能告訴我們這麼多。如果你感興趣,你可以查看有關Kforce的免費分析師報告中分析師的預測。
What Does the ROCE Trend For Kforce Tell Us?
Kforce的ROCE趨勢告訴我們什麼?
Kforce has not disappointed with their ROCE growth. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 36% over the last five years. 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.
Kforce的ROCE增長並未讓人失望。從數據來看,我們可以看到,儘管業務中僱用的資本保持相對穩定,但在過去的五年中,所產生的ROCE增長了36%。基本上,公司從相同數量的資本中獲得了更高的回報,這證明公司效率有所提高。在這個方面,公司做得很好,值得進一步調查管理團隊對長期增長前景有什麼計劃。
The Bottom Line On Kforce's ROCE
關於Kforce的ROCE結論
As discussed above, Kforce 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 staggering 108% to shareholders over the last five years, it looks like investors are recognizing these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
正如上面所討論的,Kforce似乎越來越擅長產生回報,因爲僱用資本保持不變,但收益(利息和稅前利潤)上升。由於該股票在過去的五年中爲股東帶來驚人的108%的回報,投資者似乎認識到了這些變化。但是,我們仍然認爲有前途的基本面意味着公司值得進行更多的盡職調查。
One more thing to note, we've identified 1 warning sign with Kforce and understanding this should be part of your investment process.
還有一件事要注意,我們已經識別出與Kforce有關的1個警告信號,了解這一點應該是你的投資過程的一部分。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果您想尋找更多獲得高回報的股票,請查看這個免費股票列表,這些股票不僅有紮實的資產負債表,而且還有高回報率。
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。