There's Been No Shortage Of Growth Recently For PTC's (NASDAQ:PTC) Returns On Capital
There's Been No Shortage Of Growth Recently For PTC's (NASDAQ:PTC) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing 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. So when we looked at PTC (NASDAQ:PTC) and its trend of ROCE, we really liked what we saw.
如果我们想找到一只可以长期成倍增长的股票,我们应该寻找哪些潜在趋势?首先,我们想找一个正在成长的 返回 关于已用资本(ROCE),然后除此之外,还不断增加 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。因此,当我们查看PTC(纳斯达克股票代码:PTC)及其投资回报率趋势时,我们真的很喜欢我们所看到的。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(ROCE)?
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. The formula for this calculation on PTC is:
对于那些不确定ROCE是什么的人来说,它衡量的是公司从业务中使用的资本中可以产生的税前利润额。在 PTC 上进行此计算的公式为:
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)
0.10 = US$477m ÷ (US$6.3b - US$1.6b) (Based on the trailing twelve months to September 2023).
0.10 = 4.77 亿美元 ¼(63 亿美元-16 亿美元) (基于截至2023年9月的过去十二个月)。
Therefore, PTC has an ROCE of 10%. On its own, that's a standard return, however it's much better than the 8.5% generated by the Software industry.
因此,PTC的投资回报率为10%。就其本身而言,这是一个标准回报,但它比软件行业产生的8.5%要好得多。
Check out our latest analysis for PTC
查看我们对 PTC 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231115/0-191404639db8d344f79d3ba054802e83-0-2d27230af40c360e2d19dc7ed7e5299c.png/big)
In the above chart we have measured PTC's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for PTC.
在上面的图表中,我们对PTC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。如果您想了解分析师对未来的预测,则应查看我们为PTC提供的免费报告。
The Trend Of ROCE
ROCE 的趋势
We like the trends that we're seeing from PTC. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 10%. The amount of capital employed has increased too, by 181%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我们喜欢从 PTC 看到的趋势。数字显示,在过去五年中,所用资本产生的回报率已大幅增长至10%。使用的资本金额也增加了181%。不断增长的资本回报率在多元化企业中很常见,这就是我们印象深刻的原因。
In Conclusion...
总之...
In summary, it's great to see that PTC can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with a respectable 87% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
总而言之,很高兴看到PTC能够通过不断提高的回报率对资本进行再投资来复合收益,因为这些是那些备受追捧的多袋机的一些关键要素。而且,在过去五年中持有该股的人获得了可观的87%,你可以说这些发展已开始得到应有的关注。因此,鉴于该股已证明其趋势乐观,值得进一步研究该公司,看看这些趋势是否可能持续下去。
On a final note, we've found 1 warning sign for PTC that we think you should be aware of.
最后一点,我们发现了 PTC 的 1 个警告信号,我们认为你应该注意这些信号。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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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。