Here's What To Make Of Hayward Holdings' (NYSE:HAYW) Decelerating Rates Of Return
Here's What To Make Of Hayward Holdings' (NYSE:HAYW) Decelerating Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, 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. In light of that, when we looked at Hayward Holdings (NYSE:HAYW) and its ROCE trend, we weren't exactly thrilled.
寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 的已动用资本。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。有鉴于此,当我们查看海沃德控股公司(纽约证券交易所代码:HAYW)及其ROCE趋势时,我们并不感到非常兴奋。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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. To calculate this metric for Hayward Holdings, this is the formula:
对于那些不知道的人来说,投资回报率是衡量公司年度税前利润(其回报率)相对于企业所用资本的衡量标准。要计算海沃德控股公司的这个指标,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)
0.058 = US$157m ÷ (US$2.9b - US$198m) (Based on the trailing twelve months to September 2023).
0.058 = 1.57 亿美元 ¥(29 亿美元-1.98 亿美元) (基于截至2023年9月的过去十二个月)。
Therefore, Hayward Holdings has an ROCE of 5.8%. Ultimately, that's a low return and it under-performs the Building industry average of 16%.
因此,海沃德控股的投资回报率为5.8%。归根结底,这是一个低回报,其表现低于建筑行业16%的平均水平。
Check out our latest analysis for Hayward Holdings
查看我们对海沃德控股的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231110/0-c235ff666eac79d2d34eca07539a01e6-0-c1e6acbb2306833956f7d736fcfe46b1.png/big)
In the above chart we have measured Hayward Holdings' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上面的图表中,我们对海沃德控股之前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果你有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
So How Is Hayward Holdings' ROCE Trending?
那么,海沃德控股的投资回报率如何走势呢?
Over the past three years, Hayward Holdings' ROCE and capital employed have both remained mostly flat. Businesses with these traits tend to be mature and steady operations because they're past the growth phase. So don't be surprised if Hayward Holdings doesn't end up being a multi-bagger in a few years time.
在过去的三年中,海沃德控股的投资回报率和资本使用量都基本持平。具有这些特征的企业往往会成熟而稳定的运营,因为它们已经过了增长阶段。因此,如果几年后海沃德控股公司最终没有成为一家多功能公司,也不要感到惊讶。
The Bottom Line
底线
We can conclude that in regards to Hayward Holdings' returns on capital employed and the trends, there isn't much change to report on. And with the stock having returned a mere 1.7% in the last year to shareholders, you could argue that they're aware of these lackluster trends. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
我们可以得出结论,就海沃德控股的资本使用回报率和趋势而言,没有太多变化可报告。而且,由于该股去年仅为股东带来了1.7%的回报,你可以说他们意识到这些乏善可陈的趋势。因此,如果你正在寻找一款多功能装袋机,我们建议你考虑其他选择。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Hayward Holdings (of which 1 is a bit unpleasant!) that you should know about.
由于几乎每家公司都面临一些风险,因此值得了解这些风险是什么,我们已经发现了海沃德控股的两个警告信号(其中一个有点不愉快!)你应该知道的。
While Hayward Holdings 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.
尽管海沃德控股目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这份免费清单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。