The Returns At Barnes Group (NYSE:B) Aren't Growing
The Returns At Barnes Group (NYSE:B) Aren't Growing
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Barnes Group (NYSE:B), we don't think it's current trends fit the mold of a multi-bagger.
要找到一個潛在的投資熱門股票,在一個業務中我們應該注意什麼潛在的趨勢呢?我們將想要看到兩個方面:首先,不斷增長的資本使用回報率(ROCE),其次,公司資本使用量的擴大。這基本上意味着公司擁有盈利的舉措,可以繼續投資,這是複利機器的特點。然而,在調查巴恩斯集團(紐交所:B)之後,我們認爲它的當前趨勢不符合潛在投資熱門股票這個模式。
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. Analysts use this formula to calculate it for Barnes Group:
對於那些不確定ROCE是什麼的人,它衡量的是公司能從其業務中使用的資本創造的稅前利潤的數量。分析師使用以下公式來計算巴恩斯集團的ROCE:
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。
0.077 = US$205m ÷ (US$3.0b - US$387m) (Based on the trailing twelve months to June 2024).
0.077 = 2.05億美元 ÷(30億美元 - 3.87億美元)(基於2024年6月的過去12個月)。
So, Barnes Group has an ROCE of 7.7%. Ultimately, that's a low return and it under-performs the Machinery industry average of 13%.
因此,巴恩斯集團的ROCE爲7.7%。最終,這是一個相對較低的回報率,低於機械行業的平均水平13%。
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Above you can see how the current ROCE for Barnes Group 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 Barnes Group .
您可以看到巴恩斯集團目前的ROCE與其以往的資本回報率相比如何,但過去只能了解有限的信息。如果您想了解分析師未來的預測,您應該查看我們的免費分析師報告,了解巴恩斯集團的情況。
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。
There hasn't been much to report for Barnes Group's returns and its level of capital employed because both metrics have been steady for the past five years. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. So don't be surprised if Barnes Group doesn't end up being a multi-bagger in a few years time.
過去五年巴恩斯集團的回報和資本使用水平穩定,並沒有太多可報告的。當觀察一個成熟穩定的業務時,這種情況並不罕見,因爲它已經過了業務週期的這個階段而不再重新投資。所以如果在未來幾年內巴恩斯集團沒有成爲潛在投資熱門股票,不要感到驚訝。
What We Can Learn From Barnes Group's ROCE
我們可以從巴恩斯集團的ROCE中學到什麼
In a nutshell, Barnes Group has been trudging along with the same returns from the same amount of capital over the last five years. Unsurprisingly then, the total return to shareholders over the last five years has been flat. All in all, the inherent trends aren't typical of multi-baggers, so if that's what you're after, we think you might have more luck elsewhere.
簡而言之,巴恩斯集團在過去五年中一直以相同的資本回報率和相同的資本回報量繼續前進。毫不奇怪,過去五年股東的總回報率沒有增長。總的來說,巴恩斯集團的固有趨勢並不典型,所以如果您想尋找投資熱門股票的話,我們認爲您可能會在其他地方找到更多的好運。
On a separate note, we've found 2 warning signs for Barnes Group you'll probably want to know about.
另外,我們發現巴恩斯集團有兩個預警信號,您可能想知道。
While Barnes Group isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然巴恩斯集團的回報率不是最高的,但請查看此免費的公司列表,這些公司的權益回報率高,資產負債表穩健。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。