Returns On Capital Are Showing Encouraging Signs At ProFrac Holding (NASDAQ:ACDC)
Returns On Capital Are Showing Encouraging Signs At ProFrac Holding (NASDAQ:ACDC)
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in ProFrac Holding's (NASDAQ:ACDC) returns on capital, so let's have a look.
我們應該尋找哪些早期趨勢,以確定一隻股票在長期內可能會成倍增值的跡象?一個常見的方法是嘗試找到一個ROCE逐漸增加的公司,同時資本利用量在增加。如果你看到這一點,通常意味着這是一個擁有出色業務模式和大量盈利再投資機會的公司。說到這一點,我們注意到ProFrac Holding(納斯達克:ACDC)的資本回報率有了一些很好的變化,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。
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for ProFrac Holding:
對於那些不了解的人,ROCE是一個公司的年度稅前利潤(其回報)相對於業務中資本利用的一種度量。分析師使用該公式來計算ProFrac Holding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。
0.043 = US$105m ÷ (US$3.2b - US$700m) (Based on the trailing twelve months to June 2024).
0.043 = 10500萬美元 ÷ (32億美元 - 7 億美元)(基於截至2024年6月的過去十二個月)。
Thus, ProFrac Holding has an ROCE of 4.3%. Ultimately, that's a low return and it under-performs the Energy Services industry average of 10%.
因此,ProFrac Holding的ROCE爲4.3%。最終,這是一個較低的回報率,低於能源服務行業平均水平10%。
Above you can see how the current ROCE for ProFrac Holding 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 ProFrac Holding .
以上是ProFrac Holding當前ROCE與其資本回報率之前數據的比較,但是從過去中能看到的信息有限。如果您想了解分析師對未來的預測,請查看我們針對ProFrac Holding的免費分析師報告。
What Does the ROCE Trend For ProFrac Holding Tell Us?
ProFrac Holding的ROCE趨勢告訴我們什麼?
We're delighted to see that ProFrac Holding is reaping rewards from its investments and is now generating some pre-tax profits. The company was generating losses four years ago, but now it's earning 4.3% which is a sight for sore eyes. In addition to that, ProFrac Holding is employing 392% more capital than previously which is expected of a company that's trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
我們很高興看到ProFrac Holding從其投資中獲益,並且現在開始產生一些稅前利潤。該公司四年前曾虧損,但現在收益率爲4.3%,這是一個令人振奮的景象。除此之外,ProFrac Holding目前使用的資本比以前增加了392%,這符合一家試圖實現盈利的公司的預期。這告訴我們該公司有很多可再投資機會,可以產生更高的回報。
The Bottom Line On ProFrac Holding's ROCE
ProFrac Holding的ROCE底線是什麼?
In summary, it's great to see that ProFrac Holding has managed to break into profitability and is continuing to reinvest in its business. And since the stock has fallen 33% over the last year, there might be an opportunity here. With that in mind, we believe the promising trends warrant this stock for further investigation.
總的來說,很高興看到ProFrac Holding成功實現盈利,並繼續對業務進行再投資。而且,由於該股在過去一年下跌了33%,這裏可能存在機會。考慮到這一點,我們認爲有希望的趨勢值得進一步調查這支股票。
Like most companies, ProFrac Holding does come with some risks, and we've found 2 warning signs that you should be aware of.
與大多數公司一樣,ProFrac Holding也存在一些風險,我們發現了2個警示信號,您應該注意。
While ProFrac Holding 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.
雖然ProFrac Holding目前可能無法獲得最高的回報率,但我們已經整理了一份目前獲得25%以上權益回報率的公司列表。在這裏查看這份免費名單。
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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。