Global Industrial (NYSE:GIC) Is Reinvesting To Multiply In Value
Global Industrial (NYSE:GIC) Is Reinvesting To Multiply In Value
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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, the ROCE of Global Industrial (NYSE:GIC) looks attractive right now, so lets see what the trend of returns can tell us.
你知道有一些財務指標可以爲潛在的多袋人提供線索嗎?首先,我們希望看到經過驗證的資本回報率(ROCE)不斷增加,其次,動用資本基礎的擴大。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。考慮到這一點,全球工業的投資回報率(紐約證券交易所代碼:GIC)目前看起來很有吸引力,所以讓我們看看回報趨勢能告訴我們什麼。
What Is Return On Capital Employed (ROCE)?
什麼是已動用資本回報率(ROCE)?
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 Global Industrial:
爲了澄清一下你是否不確定,ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入(按百分比計算)的指標。分析師使用以下公式來計算《全球工業》:
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)
0.25 = US$88m ÷ (US$532m - US$178m) (Based on the trailing twelve months to September 2024).
0.25 = 8800萬美元 ÷(5.32億美元至1.78億美元)(基於截至2024年9月的過去十二個月)。
Therefore, Global Industrial has an ROCE of 25%. That's a fantastic return and not only that, it outpaces the average of 12% earned by companies in a similar industry.
因此,全球工業的投資回報率爲25%。這是一個了不起的回報,不僅如此,它還超過了類似行業公司的平均12%。
In the above chart we have measured Global Industrial's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Global Industrial for free.
在上圖中,我們將環球工業先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果你願意,你可以免費查看涵蓋全球工業的分析師的預測。
How Are Returns Trending?
退貨趨勢如何?
In terms of Global Industrial's history of ROCE, it's quite impressive. The company has consistently earned 25% for the last five years, and the capital employed within the business has risen 55% in that time. Now considering ROCE is an attractive 25%, this combination is actually pretty appealing because it means the business can consistently put money to work and generate these high returns. If Global Industrial can keep this up, we'd be very optimistic about its future.
就環球工業的投資回報率歷史而言,它給人留下了深刻的印象。在過去五年中,該公司的收入一直保持25%,在此期間,該公司的資本增長了55%。現在,考慮到ROCE的吸引力爲25%,這種組合實際上非常有吸引力,因爲這意味着企業可以持續投入資金併產生高回報。如果環球工業能夠保持這種勢頭,我們將對其未來非常樂觀。
The Bottom Line On Global Industrial's ROCE
全球工業投資回報率的底線
In short, we'd argue Global Industrial has the makings of a multi-bagger since its been able to compound its capital at very profitable rates of return. In light of this, the stock has only gained 30% over the last five years for shareholders who have owned the stock in this period. That's why it could be worth your time looking into this stock further to discover if it has more traits of a multi-bagger.
簡而言之,我們認爲環球工業具有多袋裝的優勢,因爲它能夠以非常有利可圖的回報率來增加資本。有鑑於此,在過去五年中,持有該股的股東的股票僅上漲了30%。這就是爲什麼你值得花時間進一步研究這隻股票以了解它是否具有更多多袋裝的特徵。
On a separate note, we've found 1 warning sign for Global Industrial you'll probably want to know about.
另一方面,我們發現了你可能想知道的1個全球工業警告標誌。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司獲得高回報,請在此處查看我們的免費公司名單,列出了資產負債表穩健且獲得高回報的公司。
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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.
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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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。