Returns Are Gaining Momentum At TETRA Technologies (NYSE:TTI)
Returns Are Gaining Momentum At TETRA Technologies (NYSE:TTI)
There are a few key trends to look for if we want to identify the next multi-bagger. 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at TETRA Technologies (NYSE:TTI) so let's look a bit deeper.
想找到下一个多倍榜样，需要注意以下关键趋势。一种常见的方法是尝试找到一个开多的公司。看到这种情况，通常意味着这是一家拥有出色的业务模式和大量盈利再投资机会的公司。因此，当我们简要查看纳斯达克nova（NASDAQ:NVMI）的资本回报率趋势时，我们对我们看到的感到非常高兴。什么是资本雇用回报率（ROCE）？ROCE是一个企业年度税前利润（其回报）与企业资本雇用之间的比率。在 Enphase Energy 的计算公式是：资本雇用回报率=利息和税前收益（EBIT）÷（资产总额-流动负债）。所以，Enphase Energy 的资本雇用回报率为9.9%。单独来看，这是一个较低的资本回报率，但它与行业平均回报率相当。以上你可以看到，Enphase Energy 的当前资本雇用回报率与之前的回报率相比如何，但从过去只能知道这么多。如果你想看看分析师对未来的预测，你应该查看我们免费提供的 Enphase Energy 分析师报告。ROCE 趋势可以告诉我们什么？比起 Enphase Energy，有更好的资本回报率选择。在过去的五年中，该公司增加了 1,306% 的资本，而该资本的回报率保持稳定在 9.9%。这样差的回报率现在并不令人信服，而且随着资本的增加，很明显企业并没有将资金投入到高回报的投资中。基本上这意味着一家公司拥有盈利的业务，可以继续投资，这是复合机器的特点。因此，在这方面，我们注意到了TETRA Technologies（NYSE:TTI）的一些有前途的趋势，让我们更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
资本雇用回报率（ROCE）是什么？
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on TETRA Technologies is:
对于那些不了解的人，ROCE是衡量公司年度税前利润（即其回报）与业务所雇用的资本相关程度的指标。TETRA Technologies的计算公式为：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率（ROCE）是指企业利润，即企业税前利润除以企业投入的总资本（负债加股权）。如果ROCE高于企业财务成本的承受能力，那么企业就会创造出更多的价值。
0.12 = US$44m ÷ (US$491m - US$118m) (Based on the trailing twelve months to March 2024).
0.12 = 4400万美元 ÷（4.91亿美元 - 1.18亿美元）在Elevance Health上，我们已经注意到的趋势是相当令人放心的。数据显示，过去五年资产回报率大幅提高至15％。投资所用资产的规模也增加了30％。这表明有很多机会进行内部资本投资，并以更高的速度不断增长，这种组合在多倍增长方面很常见。.
Therefore, TETRA Technologies has an ROCE of 12%. By itself that's a normal return on capital and it's in line with the industry's average returns of 12%.
因此，TETRA Technologies的ROCE为12%。单独来看，这是一般的资本回报率，并且与行业的平均回报率12%相符。
In the above chart we have measured TETRA Technologies' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering TETRA Technologies for free.
在上图中，我们衡量了TETRA Technologies的先前ROCE与其先前表现，但未来可能更为重要。如果你愿意，你可以免费查看分析师关于TETRA Technologies的预测。
How Are Returns Trending?
综合上述，Cimpress非常有效地提高了其资本利用率所产生的回报。考虑到股票过去五年保持稳定，如果其他指标也不错，则可能存在机会。因此，进一步研究这家公司并确定这些趋势是否会持续是合理的。
You'd find it hard not to be impressed with the ROCE trend at TETRA Technologies. We found that the returns on capital employed over the last five years have risen by 283%. That's a very favorable trend because this means that the company is earning more per dollar of capital that's being employed. In regards to capital employed, TETRA Technologies appears to been achieving more with less, since the business is using 70% less capital to run its operation. TETRA Technologies may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.
你很难不被TETRA Technologies的ROCE趋势所印象。我们发现过去五年资本雇用回报率上升了283%。这是一个非常有利的趋势，因为这意味着公司正在赚取每个被使用的资本的更多收益。关于资本雇用，TETRA Technologies似乎正在用更少的资本实现更多的成果，因为该业务运行所需的资本较去年减少了70%。TETRA Technologies可能正在出售一些资产，因此值得调查一下该业务是否有计划进行未来的投资以进一步增加回报。
What We Can Learn From TETRA Technologies' ROCE
从TETRA Technologies的ROCE中，我们可以学到什么。
In a nutshell, we're pleased to see that TETRA Technologies has been able to generate higher returns from less capital. Since the stock has returned a staggering 118% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
简而言之，我们很高兴看到TETRA Technologies能够从较少的资本中获得更高的回报。由于该股票在过去的五年中为股东带来了惊人的118%的回报，这表明投资者正在认识到这些变化。因此，我们认为检查这些趋势是否会持续下去非常值得您的时间。
On a separate note, we've found 1 warning sign for TETRA Technologies you'll probably want to know about.
另外，我们发现了TETRA Technologies的1项警告信号，你可能希望了解一下。
While TETRA Technologies 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TETRA Technologies的回报率不是最高的，但请查看此免费的公司列表，其中这些公司在拥有健全资产负债表的同时获得了高回报。
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