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Returns On Capital Are Showing Encouraging Signs At LSI Industries (NASDAQ:LYTS)

Returns On Capital Are Showing Encouraging Signs At LSI Industries (NASDAQ:LYTS)

LSI設備(納斯達克:LYTS)的資本回報率 showing 正在顯示出令人鼓舞的跡象。
Simply Wall St ·  12/23 19:11

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at LSI Industries (NASDAQ:LYTS) so let's look a bit deeper.

如果我們想要識別能夠長期增值的股票,我們應該關注哪些趨勢?理想情況下,業務會顯示出兩個趨勢;首先是資本使用回報率(ROCE)的增長,其次是使用資本的數量增加。最終,這表明這是一個以更高的回報率再投資利潤的企業。考慮到這一點,我們注意到LSI設備(納斯達克:LYTS)的一些有希望的趨勢,所以讓我們深入了解一下。

Return On Capital Employed (ROCE): What Is It?

資本回報率(ROCE):它是什麼?

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. The formula for this calculation on LSI Industries is:

對於那些不知道的人,ROCE是衡量公司年度稅前利潤(即回報)與業務中使用資本的比率。LSI設備的計算公式爲:

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)

0.13 = US$35m ÷ (US$350m - US$80m) (Based on the trailing twelve months to September 2024).

0.13 = 3500萬美元 ÷ (35000萬美元 - 800萬美元)(基於截至2024年9月的過去十二個月數據)。

So, LSI Industries has an ROCE of 13%. In absolute terms, that's a satisfactory return, but compared to the Electrical industry average of 11% it's much better.

因此,LSI設備的ROCE爲13%。在絕對金額上,這是一個令人滿意的回報,但與電氣行業平均水平11%相比,表現更爲優越。

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NasdaqGS:LYTS Return on Capital Employed December 23rd 2024
納斯達克GS:LYTS 資本使用回報率 2024年12月23日

In the above chart we have measured LSI Industries' 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 LSI Industries for free.

在上面的圖表中,我們測量了LSI設備之前的資本回報率(ROCE)與其之前的表現,但是未來顯然更爲重要。如果你願意,可以免費查看分析師對LSI設備的預測。

So How Is LSI Industries' ROCE Trending?

那麼LSI設備的資本回報率(ROCE)趨勢如何呢?

Investors would be pleased with what's happening at LSI Industries. Over the last five years, returns on capital employed have risen substantially to 13%. Basically the business is earning more per dollar of capital invested and in addition to that, 70% more capital is being employed now too. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.

投資者會對LSI設備的現狀感到滿意。在過去五年中,投資資本的回報率顯著上升至13%。基本上,業務每投入一美元的資本能夠賺取更多收益,並且目前使用的資本也增加了70%。這可以表明內部投資資本的機會很多,並且以更高的回報率進行投資,這是一種在多倍收益企業中常見的組合。

In Conclusion...

結論...

A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what LSI Industries has. Since the stock has returned a staggering 247% to shareholders over the last five years, it looks like investors are recognizing these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.

一家能夠增長資本回報並持續自我再投資的公司是高度追捧的特質,而這正是LSI設備所具備的。由於該股票在過去五年中給股東帶來了驚人的247%的回報,投資者似乎正在認識到這些變化。儘管如此,我們仍然認爲樂觀的基本面意味着該公司值得進一步的盡職調查。

While LSI Industries looks impressive, no company is worth an infinite price. The intrinsic value infographic for LYTS helps visualize whether it is currently trading for a fair price.

雖然LSI設備看起來令人印象深刻,但沒有公司值得無止境的價格。LYTS的內在價值信息圖有助於可視化它當前是否以公道的價格交易。

While LSI Industries 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LSI設備目前可能沒有獲得最高的回報,但我們編制了一份目前返回超過25%股本回報的公司的名單。可以在這裏查看這個免費列表。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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