Crane NXT's (NYSE:CXT) Returns Have Hit A Wall
Crane NXT's (NYSE:CXT) Returns Have Hit A Wall
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Crane NXT (NYSE:CXT) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
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?除其他外,我們希望看到兩件事:首先,動用資本回報率(ROCE)的增長,其次,公司的資本使用量擴大。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。話雖如此,乍一看Crane nXt(紐約證券交易所代碼:CXT),我們並不是對回報趨勢不屑一顧,但讓我們更深入地了解一下。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率(ROCE)?
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 Crane NXT, this is the formula:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。要計算 Crane nXt 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)
0.15 = US$275m ÷ (US$2.1b - US$297m) (Based on the trailing twelve months to March 2024).
0.15 = 2.75億美元 ÷(21億美元至2.97億美元)(基於截至2024年3月的過去十二個月)。
So, Crane NXT has an ROCE of 15%. In absolute terms, that's a satisfactory return, but compared to the Electronic industry average of 11% it's much better.
因此,Crane nXt的投資回報率爲15%。從絕對值來看,這是一個令人滿意的回報,但與電子行業的平均水平11%相比,回報要好得多。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240719/0-765290580c2e1b904831509055afe9e4-0-4076ec3f7f538187e96cce70c2c79576.png/big)
Above you can see how the current ROCE for Crane NXT compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Crane NXT for free.
在上面你可以看到Crane nXt當前的投資回報率與其先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。如果你願意,你可以免費查看分析師對Crane nXt的預測。
So How Is Crane NXT's ROCE Trending?
那麼 Crane NXT 的 ROCE 趨勢如何呢?
Things have been pretty stable at Crane NXT, with its capital employed and returns on that capital staying somewhat the same for the last two years. Businesses with these traits tend to be mature and steady operations because they're past the growth phase. With that in mind, unless investment picks up again in the future, we wouldn't expect Crane NXT to be a multi-bagger going forward.
Crane nXt的情況一直相當穩定,在過去兩年中,其資本使用率和資本回報率基本保持不變。具有這些特徵的企業往往是成熟而穩定的運營,因爲它們已經過了增長階段。考慮到這一點,除非將來投資再次回升,否則我們預計Crane nXt未來不會成爲一家多裝袋公司。
In Conclusion...
總之...
We can conclude that in regards to Crane NXT's returns on capital employed and the trends, there isn't much change to report on. And investors may be recognizing these trends since the stock has only returned a total of 4.8% to shareholders over the last year. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
我們可以得出結論,就Crane NXT的已動用資本回報率和趨勢而言,沒有太大變化可報告。投資者可能會意識到這些趨勢,因爲該股去年僅給股東帶來了4.8%的回報。因此,如果您正在尋找多袋機,我們建議您考慮其他選項。
Like most companies, Crane NXT does come with some risks, and we've found 1 warning sign that you should be aware of.
像大多數公司一樣,Crane nXt確實存在一些風險,我們發現了一個你應該注意的警告信號。
While Crane NXT may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
儘管Crane nXt目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。
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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?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎?擔心內容嗎?直接聯繫我們。或者,發送電子郵件至 editorial-team@simplywallst.com