Why We Like The Returns At Grand Canyon Education (NASDAQ:LOPE)
Why We Like The Returns At Grand Canyon Education (NASDAQ:LOPE)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. Speaking of which, we noticed some great changes in Grand Canyon Education's (NASDAQ:LOPE) returns on capital, so let's have a look.
如果我們想要找到一隻長期可以增值的股票,我們應該關注哪些潛在的趨勢呢?通常情況下,我們會希望注意增長的資本利用率(ROCE)趨勢,以及隨之而來的資本利用規模的擴大。這向我們展示了它是一個複利機器,能夠持續將其收益重新投入業務,並創造更高的回報。說到這一點,我們注意到大峽谷教育(納斯達克:LOPE)的資本回報率出現了一些很大的變化,所以讓我們來看一看。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Grand Canyon Education:
只是爲了澄清,如果您不確定,ROCE是用於評估公司在其業務中所投資資本所賺取的稅前收入的度量標準。分析師使用這個公式來計算大峽谷教育的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。
0.30 = US$267m ÷ (US$993m - US$107m) (Based on the trailing twelve months to June 2024).
0.30 = 2.67億美元 ÷ (9.93億美元 - 1.07億美元)(根據2024年6月的過去十二個月)。
Therefore, Grand Canyon Education has an ROCE of 30%. That's a fantastic return and not only that, it outpaces the average of 7.6% earned by companies in a similar industry.
因此,大峽谷教育的ROCE爲30%。 這是一個很棒的回報,而且不僅如此,它超過了同行業公司平均7.6%的回報。
![1724759707864](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240827/42941179-0-c31745a2e55cac15577a200a618da5b6.webp/bigjpg)
Above you can see how the current ROCE for Grand Canyon Education 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 Grand Canyon Education .
您可以看到大峽谷教育目前的資本回報率(ROCE)與其之前的資本回報率相比,但僅憑過去所能知道的有限。如果您想了解分析師們預測未來的情況,您可以查看我們爲大峽谷教育提供的免費分析師報告。
What The Trend Of ROCE Can Tell Us
儘管如此,當我們看 enphase energy (納斯達克股票代碼:ENPH) 的時候,它似乎並沒有完全符合這些要求。
Grand Canyon Education has not disappointed in regards to ROCE growth. We found that the returns on capital employed over the last five years have risen by 86%. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. In regards to capital employed, Grand Canyon Education appears to been achieving more with less, since the business is using 43% less capital to run its operation. Grand Canyon Education may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.
就資本回報率(ROCE)增長而言,大峽谷教育沒有讓人失望。我們發現過去五年在資本運作方面的回報率已增長了86%。這並不差,因爲這表明每投入一美元的資本,公司就增加了從這一美元中賺取的金額。就資本運作而言,大峽谷教育似乎是在以更少的資本實現更多,因爲該企業使用的資本較少,僅相當於運行業務時使用了43%較少的資本。大峽谷教育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。
In Conclusion...
最後,同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好,因此投資者不太可能表現友好。自五年前以來,該股下跌了32%。除非這些指標朝着更積極的軌跡轉變,否則我們將繼續尋找其他股票。
In a nutshell, we're pleased to see that Grand Canyon Education has been able to generate higher returns from less capital. Considering the stock has delivered 13% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So with that in mind, we think the stock deserves further research.
簡而言之,我們很高興看到大峽谷教育能夠以更少的資本獲得更高的回報。考慮到過去五年股票爲股東們帶來了13%的回報,也許可以毫不誇張地認爲投資者尚未充分意識到這些有利的趨勢。基於這一點,我們認爲這支股票值得進一步研究。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for LOPE on our platform that is definitely worth checking out.
在考慮到資本回報率(ROCE)的另一方面,我們必須考慮到估值。這就是爲什麼我們在平台上爲LOPE提供了一份免費的內在價值估計,這絕對值得一看。
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。
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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。