Investors Will Want Opera's (NASDAQ:OPRA) Growth In ROCE To Persist
Investors Will Want Opera's (NASDAQ:OPRA) Growth In ROCE To Persist
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Opera's (NASDAQ:OPRA) returns on capital, so let's have a look.
你知道有一些金融指標可以提供潛在多倍收益的線索嗎?首先,我們希望看到資本利用率(ROCE)有所增長,其次,資本利用基數也在擴大。最終,這表明這是一個以遞增的投資回報率重新投資利潤的業務。說到這一點,我們注意到Opera(納斯達克:OPRA)的資本回報率有了很大的變化,讓我們來看看。
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。
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 Opera:
只是爲了澄清,如果您不確定,ROCE是一個用於評估公司在其業務中投資的資本所獲得的稅前收入的指標(以百分比形式)。分析師使用以下公式計算Opera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。
0.084 = US$79m ÷ (US$1.0b - US$74m) (Based on the trailing twelve months to June 2024).
0.084 = 7900萬美元 ÷ (10億美元 - 7400萬美元)(基於截至2024年6月的最近十二個月)。
So, Opera has an ROCE of 8.4%. On its own that's a low return on capital but it's in line with the industry's average returns of 8.2%.
因此,Opera的ROCE爲8.4%。單獨看來,這是一個較低的資本回報率,但與行業平均回報率8.2%相符。
In the above chart we have measured Opera's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Opera .
在上圖中,我們對Opera的以往ROCE進行了衡量,但未來更重要。如果您想了解分析師對Opera未來的預測,請查看我們免費的Opera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。
Opera is showing promise given that its ROCE is trending up and to the right. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 152% in that same time. 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. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.
鑑於Opera的ROCE呈上升趨勢,前景看好。具體而言,雖然該公司過去五年中的投入資本相對穩定,但ROCE在同一時期內增長了152%。基本上,公司在相同資本投入下產生了更高的回報,這證明公司的運營效率有所提高。在這方面,情況看起來很好,因此值得探索管理層關於未來增長計劃的言論。
Our Take On Opera's ROCE
關於 Opera 的 ROCE 我們的看法
To sum it up, Opera is collecting higher returns from the same amount of capital, and that's impressive. Since the stock has returned a solid 75% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. In light of that, we think it's worth looking further into this stock because if Opera can keep these trends up, it could have a bright future ahead.
總之,Opera從相同資本中收取較高的回報,這是令人印象深刻的。由於過去五年股票爲股東帶來了穩固的75%回報,可以說投資者開始認識到這些變化。鑑於此,我們認爲值得進一步研究這隻股票,因爲如果Opera能保持這些趨勢,它可能有一個輝煌的未來。
Like most companies, Opera does come with some risks, and we've found 2 warning signs that you should be aware of.
像大多數公司一樣,Opera 也存在一些風險,我們已經發現了2個警告信號,您應該注意。
While Opera 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 Opera 的回報不是最高的,但請查看此免費公司列表,這些公司在資產負債表方面取得了高回報和穩健的收益。
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