Digi International (NASDAQ:DGII) Shareholders Will Want The ROCE Trajectory To Continue
Digi International (NASDAQ:DGII) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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. So when we looked at Digi International (NASDAQ:DGII) and its trend of ROCE, we really liked what we saw.
如果我們想找到一隻在長期內可能翻倍的股票,我們應該關注哪些基本趨勢?在其他方面,我們希望看到兩點;首先,資本回報率(ROCE)持續增長,其次,公司投入的資本量擴大。基本上,這意味着公司有盈利的舉措可以繼續再投資,這是一個複利機器的特徵。因此,當我們查看美國迪進國際(納斯達克:DGII)及其ROCE的趨勢時,我們對此印象非常深刻。
Return On Capital Employed (ROCE): What Is It?
資本回報率(ROCE):它是什麼?
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. To calculate this metric for Digi International, this is the formula:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中投入的資本能夠產生的稅前利潤。要計算美國迪進國際的這個指標,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)
0.066 = US$48m ÷ (US$815m - US$89m) (Based on the trailing twelve months to September 2024).
0.066 = 4800萬美元 ÷ (81500萬美元 - 89萬美元)(基於截至2024年9月的過去十二個月)。
Therefore, Digi International has an ROCE of 6.6%. Ultimately, that's a low return and it under-performs the Communications industry average of 11%.
因此,美國迪進國際的ROCE爲6.6%。最終,這個回報率較低,低於通信行業平均水平的11%。
Above you can see how the current ROCE for Digi International 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 Digi International .
上面可以看出美國迪進國際當前的資本回報率與之前的資本回報率相比,但從過去的信息中你只能了解那麼多。如果你想查看分析師對未來的預測,應該查看我們爲美國迪進國際提供的免費分析師報告。
How Are Returns Trending?
回報率的趨勢如何?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 6.6%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 105%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
儘管絕對數值上ROCE仍然較低,但看到它朝着正確的方向發展是件好事。數字顯示,在過去的五年裏,投入資本所產生的回報顯著增長至6.6%。該公司有效地每投入一美元資本就賺取更多的利潤,值得注意的是資本的數額也增加了105%。資本增長帶來的回報增加在多重收益的公司中並不少見,這就是我們感到印象深刻的原因。
The Bottom Line
總結
To sum it up, Digi International has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a solid 78% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
總結來說,美國迪進國際已經證明它能夠重新投資於業務併爲投入的資本產生更高的回報,這非常好。由於在過去五年中,該股票爲股東帶來了78%的可觀回報,可以公平地說投資者開始認識到這些變化。因此,我們認爲你值得花時間檢查這些趨勢是否會持續下去。
One more thing, we've spotted 1 warning sign facing Digi International that you might find interesting.
還有一件事,我們發現了一個警告信號,涉及到美國迪進國際,這可能會引起你的興趣。
While Digi International 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.
雖然美國迪進國際目前的回報可能不是最高的,但我們已經編制了一份名單,列出了目前回報超過25%的公司。請在這裏查看這份免費名單。
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這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。