Dream Finders Homes (NYSE:DFH) Shareholders Will Want The ROCE Trajectory To Continue
Dream Finders Homes (NYSE:DFH) Shareholders Will Want The ROCE Trajectory To Continue
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount 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. With that in mind, we've noticed some promising trends at Dream Finders Homes (NYSE:DFH) so let's look a bit deeper.
我們應該尋找哪些早期趨勢來確定一隻可能長期價值成倍增長的股票?一種常見的方法是嘗試找一家公司 回報 論資本使用率(ROCE)在增加的同時增長 金額 所用資本的比例。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。考慮到這一點,我們注意到Dream Finders Homes(紐約證券交易所代碼:DFH)的一些令人鼓舞的趨勢,所以讓我們更深入地了解一下。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Dream Finders Homes, this is the formula:
如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。要計算 Dream Finders Homes 的這個指標,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率 = 息稅前收益(EBIT)÷(總資產-流動負債)
0.19 = US$409m ÷ (US$2.4b - US$260m) (Based on the trailing twelve months to September 2023).
0.19 = 4.09 億美元 ¥(24 億美元-2.6 億美元) (基於截至2023年9月的過去十二個月)。
So, Dream Finders Homes has an ROCE of 19%. On its own, that's a standard return, however it's much better than the 14% generated by the Consumer Durables industry.
因此,Dream Finders Homes的投資回報率爲19%。就其本身而言,這是標準回報,但要比耐用消費品行業產生的14%好得多。
Check out our latest analysis for Dream Finders Homes
看看我們對 Dream Finders Homes 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231121/0-e85691bb8fe8ffd3954fb802b02d1198-0-1145d7de998c737b3fdfe686464ff36a.png/big)
Above you can see how the current ROCE for Dream Finders Homes 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 report for Dream Finders Homes.
在上方你可以看到Dream Finders Homes當前的投資回報率與之前的資本回報率相比如何,但從過去你能看出來只有這麼多。如果你想了解分析師對未來的預測,你應該查看我們的Dream Finders Homes免費報告。
What Can We Tell From Dream Finders Homes' ROCE Trend?
我們可以從 Dream Finders Homes 的 ROCE 趨勢中看出什麼?
Investors would be pleased with what's happening at Dream Finders Homes. The numbers show that in the last four years, the returns generated on capital employed have grown considerably to 19%. 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 436%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
投資者會對Dream Finders Homes發生的事情感到滿意。數字顯示,在過去四年中,所用資本的回報率已大幅增長至19%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了436%。越來越多的資本所帶來的回報率不斷增加在多袋公司中很常見,這就是爲什麼我們印象深刻的原因。
What We Can Learn From Dream Finders Homes' ROCE
我們可以從 Dream Finders Homes 的 ROCE 中學到什麼
To sum it up, Dream Finders Homes has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And with the stock having performed exceptionally well over the last year, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
總而言之,Dream Finders Homes已經證明它可以對業務進行再投資,並從所使用的資本中獲得更高的回報,這太棒了。而且,由於該股在過去一年中表現異常出色,投資者正在考慮這些模式。話雖如此,我們仍然認爲前景良好的基本面意味着公司值得進一步的盡職調查。
One more thing to note, we've identified 1 warning sign with Dream Finders Homes and understanding this should be part of your investment process.
還有一點需要注意的是,我們已經在Dream Finders Homes上發現了1個警告信號,知道這應該是你投資過程的一部分。
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.
如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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.
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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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。