Returns On Capital Are Showing Encouraging Signs At International Game Technology (NYSE:IGT)
Returns On Capital Are Showing Encouraging Signs At International Game Technology (NYSE:IGT)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, International Game Technology (NYSE:IGT) looks quite promising in regards to its trends of return on capital.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 已动用资本的百分比。归根结底,这表明这是一家以更高的回报率对利润进行再投资的企业。因此,从这个角度来看,国际游戏科技(纽约证券交易所代码:IGT)的资本回报率趋势看起来相当乐观。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (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 International Game Technology, this is the formula:
如果你以前没有与ROCE合作过,它可以衡量一家公司从其业务中使用的资本中产生的 “回报”(税前利润)。要计算国际游戏技术的这个指标,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)
0.11 = US$981m ÷ (US$10b - US$1.9b) (Based on the trailing twelve months to September 2023).
0.11 = 9.81 亿美元 ¥(100 亿美元-19 亿美元) (基于截至2023年9月的过去十二个月)。
Thus, International Game Technology has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 9.1% generated by the Hospitality industry.
因此,国际游戏技术的投资回报率为11%。就其本身而言,这是一个标准回报,但它比酒店业产生的9.1%要好得多。
See our latest analysis for International Game Technology
查看我们对国际游戏技术的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231127/0-23a36f2d1569d483151347d462873e0c-0-f916fb4e05369e2e60a88bfe3e9d4772.png/big)
Above you can see how the current ROCE for International Game Technology compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering International Game Technology here for free.
在上方你可以看到国际游戏技术当前的投资回报率与之前的资本回报率的比较,但从过去可以看出来只有这么多。如果你愿意,你可以在这里免费查看分析师对国际游戏技术的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
We're pretty happy with how the ROCE has been trending at International Game Technology. The figures show that over the last five years, returns on capital have grown by 63%. The company is now earning US$0.1 per dollar of capital employed. In regards to capital employed, International Game Technology appears to been achieving more with less, since the business is using 26% less capital to run its operation. If this trend continues, the business might be getting more efficient but it's shrinking in terms of total assets.
我们对ROCE在国际游戏技术领域的发展趋势感到非常满意。数字显示,在过去五年中,资本回报率增长了63%。该公司现在每使用1美元资本的收入为0.1美元。在已动用资本方面,国际游戏技术似乎正在以更少的资源取得更多的收益,因为该业务用于运营的资本减少了26%。如果这种趋势继续下去,业务效率可能会提高,但总资产却在萎缩。
The Key Takeaway
关键要点
In a nutshell, we're pleased to see that International Game Technology has been able to generate higher returns from less capital. Since the stock has returned a solid 83% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. 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.
简而言之,我们很高兴看到国际游戏技术能够从更少的资本中获得更高的回报。由于该股在过去五年中为股东带来了83%的稳健回报,因此可以公平地说,投资者已开始意识到这些变化。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 found 3 warning signs for International Game Technology (1 shouldn't be ignored) you should be aware of.
最后一点,我们发现了 3 个国际游戏技术的警告信号(1 个不容忽视),你应该注意。
While International Game Technology isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
尽管International Game Technology的回报率并不高,但请查看这份免费清单,列出了资产负债表稳健且股本回报率高的公司。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。