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Here's What To Make Of OraSure Technologies' (NASDAQ:OSUR) Decelerating Rates Of Return

Here's What To Make Of OraSure Technologies' (NASDAQ:OSUR) Decelerating Rates Of Return

以下是对OraSure Technologies(纳斯达克股票代码:OSUR)减速回报率的看法
Simply Wall St ·  02/29 20:01

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after briefly looking over the numbers, we don't think OraSure Technologies (NASDAQ:OSUR) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

如果我们想找到潜在的多袋装货商,通常有潜在的趋势可以提供线索。在一个完美的世界中,我们希望看到一家公司向其业务投入更多资本,理想情况下,从这些资本中获得的回报也在增加。如果你看到这一点,这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。但是,在简短地研究了这些数字之后,我们认为OraSure Technologies(纳斯达克股票代码:OSUR)在未来不具备多袋装机的实力,但让我们来看看为什么会这样。

What Is Return On Capital Employed (ROCE)?

什么是资本使用回报率(ROCE)?

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for OraSure Technologies, this is the formula:

为了澄清一下你是否不确定,ROCE是评估公司从投资于其业务的资本中获得多少税前收入(按百分比计算)的指标。要计算 OraSure 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)

0.098 = US$43m ÷ (US$483m - US$40m) (Based on the trailing twelve months to December 2023).

0.098 = 430万美元 ÷(4.83亿美元-4000万美元) (基于截至2023年12月的过去十二个月)

Thus, OraSure Technologies has an ROCE of 9.8%. On its own that's a low return on capital but it's in line with the industry's average returns of 9.8%.

因此,OraSure Technologies的投资回报率为9.8%。这本身就是很低的资本回报率,但与该行业9.8%的平均回报率一致。

roce
NasdaqGS:OSUR Return on Capital Employed February 29th 2024
纳斯达克GS:OSUR 2024年2月29日动用资本回报率

In the above chart we have measured OraSure Technologies' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for OraSure Technologies .

在上图中,我们将OraSure 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。如果您有兴趣,可以在我们的免费OraSure Technologies分析师报告中查看分析师的预测。

What Does the ROCE Trend For OraSure Technologies Tell Us?

OraSure Technologies 的投资回报率趋势告诉我们什么?

There are better returns on capital out there than what we're seeing at OraSure Technologies. The company has consistently earned 9.8% for the last five years, and the capital employed within the business has risen 54% in that time. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.

那里的资本回报率比我们在OraSure Technologies看到的要好。在过去五年中,该公司的收入一直保持在9.8%,在此期间,公司内部使用的资本增长了54%。这种糟糕的投资回报率目前并不能激发信心,随着所用资本的增加,很明显,该企业没有将资金部署到高回报的投资中。

The Bottom Line On OraSure Technologies' ROCE

OraSure Technologies 投资回报率的底线

Long story short, while OraSure Technologies has been reinvesting its capital, the returns that it's generating haven't increased. And investors appear hesitant that the trends will pick up because the stock has fallen 30% in the last five years. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.

长话短说,尽管OraSure Technologies一直在对其资本进行再投资,但其产生的回报并没有增加。投资者似乎对趋势能否回升犹豫不决,因为该股在过去五年中下跌了30%。总的来说,我们对潜在趋势的启发不大,我们认为在其他地方找到多袋装机的可能性更大。

OraSure Technologies does have some risks though, and we've spotted 1 warning sign for OraSure Technologies that you might be interested in.

但是,OraSure Technologies确实存在一些风险,我们已经发现了一个你可能感兴趣的OraSure Technologies警告信号。

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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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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