The Trend Of High Returns At Axcelis Technologies (NASDAQ:ACLS) Has Us Very Interested
The Trend Of High Returns At Axcelis Technologies (NASDAQ:ACLS) Has Us Very Interested
What are the early trends we should look for to identify a stock that could multiply in value over the long term? 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. Speaking of which, we noticed some great changes in Axcelis Technologies' (NASDAQ:ACLS) returns on capital, so let's have a look.
我们应该寻找哪些早期趋势来确定一只可能长期价值成倍增长的股票?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 所用资本的比例。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。说到这里,我们注意到Axcelis Technologies(纳斯达克股票代码:ACLS)的资本回报率发生了一些重大变化,所以让我们来看看吧。
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 Axcelis Technologies, this is the formula:
如果你以前没有与ROCE合作过,它会衡量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 Axcelis Technologies 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)
0.27 = US$266m ÷ (US$1.3b - US$285m) (Based on the trailing twelve months to December 2023).
0.27 = 2.66亿美元 ÷(13亿美元-2.85亿美元) (基于截至2023年12月的过去十二个月)。
So, Axcelis Technologies has an ROCE of 27%. That's a fantastic return and not only that, it outpaces the average of 11% earned by companies in a similar industry.
因此,Axcelis Technologies的投资回报率为27%。这是一个了不起的回报,不仅如此,它还超过了类似行业公司11%的平均收入。
In the above chart we have measured Axcelis Technologies' 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 analyst report for Axcelis Technologies .
在上图中,我们将Axcelis Technologies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。如果你想了解分析师对未来的预测,你应该查看我们为Axcelis Technologies提供的免费分析师报告。
How Are Returns Trending?
退货趋势如何?
The trends we've noticed at Axcelis Technologies are quite reassuring. Over the last five years, returns on capital employed have risen substantially to 27%. The amount of capital employed has increased too, by 115%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我们在Axcelis Technologies注意到的趋势非常令人放心。在过去五年中,已动用资本回报率大幅上升至27%。使用的资本金额也增加了115%。越来越多的资本所带来的回报率不断增加在多袋公司中很常见,这就是为什么我们印象深刻的原因。
What We Can Learn From Axcelis Technologies' ROCE
我们可以从 Axcelis Technologies 的 ROCE 中学到什么
All in all, it's terrific to see that Axcelis Technologies is reaping the rewards from prior investments and is growing its capital base. And a remarkable 430% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.
总而言之,看到Axcelis Technologies正在从先前的投资中获得回报,并正在扩大其资本基础,这真是太棒了。过去五年中惊人的430%总回报率告诉我们,投资者预计未来还会有更多好事发生。因此,我们认为值得您花时间检查这些趋势是否会持续下去。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for ACLS that compares the share price and estimated value.
但是,在得出任何结论之前,我们需要知道当前股价将获得什么价值。在这里,您可以查看我们对ACLS的免费内在价值估算,该估算值比较了股价和估计价值。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司获得高回报,请在此处查看我们的免费高回报且资产负债表稳健的公司名单。
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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。