Copart, Inc.'s (NASDAQ:CPRT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Copart, Inc.'s (NASDAQ:CPRT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Copart's (NASDAQ:CPRT) stock is up by a considerable 11% over the past three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Copart's ROE today.
Copart(納斯達克股票代碼:CPRT)的股票在過去三個月中大幅上漲了11%。由於市場通常會爲公司的長期基本面買單,因此我們決定研究公司的關鍵績效指標,看看它們是否會影響市場。特別是,我們今天將關注Copart的投資回報率。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或投資回報率是股東需要考慮的重要因素,因爲它可以告訴他們資本再投資的有效性。簡而言之,它用於評估公司相對於其股權資本的盈利能力。
View our latest analysis for Copart
查看我們對Copart的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Copart is:
因此,根據上述公式,Copart的投資回報率爲:
21% = US$1.2b ÷ US$6.0b (Based on the trailing twelve months to July 2023).
21% = 12億美元 ¥60億美元(基於截至2023年7月的過去十二個月)。
The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.21 in profit.
“回報” 是企業去年獲得的收入。另一種思考方式是,公司每持有價值1美元的股權,就能獲得0.21美元的利潤。
What Has ROE Got To Do With Earnings Growth?
投資回報率與收益增長有什麼關係?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前爲止,我們已經了解到,投資回報率是衡量公司盈利能力的指標。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。假設其他條件都一樣,與功能不相同的公司相比,具有更高股本回報率和更高利潤保留率的公司通常具有更高的增長率。
Copart's Earnings Growth And 21% ROE
Copart的收益增長和21%的投資回報率
To begin with, Copart seems to have a respectable ROE. Especially when compared to the industry average of 7.7% the company's ROE looks pretty impressive. Probably as a result of this, Copart was able to see a decent growth of 19% over the last five years.
首先,Copart的投資回報率似乎相當可觀。尤其是與7.7%的行業平均水平相比,該公司的投資回報率看起來相當可觀。可能正因爲如此,Copart在過去五年中得以實現19%的可觀增長。
As a next step, we compared Copart's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 9.7%.
下一步,我們將Copart的淨收入增長與行業進行了比較,令人高興的是,我們發現該公司的增長高於9.7%的行業平均增長。
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Copart is trading on a high P/E or a low P/E, relative to its industry.
收益增長是估值股票時需要考慮的重要指標。投資者接下來需要確定的是,預期的收益增長或缺乏收益增長是否已經包含在股價中。這樣做將幫助他們確定該股的未來是充滿希望還是不祥。預期收益增長的一個很好的指標是市盈率,它決定了市場根據股票的收益前景願意爲股票支付的價格。因此,與其行業相比,你可能需要檢查一下Copart的市盈率是高還是低市盈率。
Is Copart Making Efficient Use Of Its Profits?
Copart 是否在有效利用其利潤?
Copart doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above.
Copart目前不支付任何股息,這本質上意味着它一直在將所有利潤再投資於該業務。這無疑有助於我們上面討論的收益增長數字。
Summary
摘要
Overall, we are quite pleased with Copart's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們對Copart的表現感到非常滿意。特別是,很高興看到該公司正在對其業務進行大量投資,再加上高回報率,這使其收益大幅增長。話雖如此,正如當前分析師估計的那樣,該公司的收益增長預計將放緩。要了解有關分析師對公司的最新預測的更多信息,請查看分析師對公司的預測的可視化。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。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,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。