Semrush Holdings' (NYSE:SEMR) Returns On Capital Are Heading Higher
Semrush Holdings' (NYSE:SEMR) Returns On Capital Are Heading Higher
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, Semrush Holdings (NYSE:SEMR) looks quite promising in regards to its trends of return on capital.
如果想找到长期能够增值的股票，我们应该寻找哪些趋势呢？首先，我们需要看到一个不断增长的资本回报率（ROCE），其次，我们需要看到公司的资本雇用量在不断扩大。如果你能看到这些，通常意味着这是一家商业模式很好、有很多赚钱的再投资机会的公司。就在这个话题下，纽交所上市公司Semrush Holdings（NYSE: SEMR）在其资本回报率的趋势方面似乎非常有前途。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法：正如我们上面看到的，Enphase Energy 的资本回报率没有提高，但它正在重新投资于业务。投资者必须认为未来会有更好的前景，因为股票表现良好，使持股五年以上的股东获得了 690% 的收益。最终，如果基本趋势持续存在，我们不会对它成为一只多头股持有期很久很有信心。
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. Analysts use this formula to calculate it for Semrush Holdings:
只是想澄清一下，如果您不确定，ROCE是用于评估公司在其业务中投资的资本获得多少税前收入（以百分比表示）的指标之一。分析师使用该公式来为Semrush Holdings计算其ROCE:
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。
0.02 = US$4.9m ÷ (US$342m - US$101m) (Based on the trailing twelve months to March 2024).
0.02 = 美元490万 ÷（美元34200万 - 美元101m）（基于截至2024年3月的最近12个月）。
Therefore, Semrush Holdings has an ROCE of 2.0%. In absolute terms, that's a low return and it also under-performs the Software industry average of 7.6%.
因此，Semrush Holdings的ROCE为2.0%。 从绝对价值来看，这是一个低回报率，也低于软件行业板块的平均值7.6%。
Above you can see how the current ROCE for Semrush Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Semrush Holdings .
您可以看到在Semrush Holdings以前的资本回报率与当前回报率的比较情况，但过去所能告诉我们的只有这么多。如果您有兴趣，可以查看我们的免费分析师报告中的分析师预测。
What Does the ROCE Trend For Semrush Holdings Tell Us?
Semrush Holdings的ROCE趋势告诉我们什么？
The fact that Semrush Holdings is now generating some pre-tax profits from its prior investments is very encouraging. About four years ago the company was generating losses but things have turned around because it's now earning 2.0% on its capital. In addition to that, Semrush Holdings is employing 1,392% more capital than previously which is expected of a company that's trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
现在Semrush Holdings从早期投资中获得了一些税前利润的事实非常令人鼓舞。大约四年前，该公司亏损，但现在它在其资本上获得了2.0%的利润。此外，Semrush Holdings比以前增加了1392%的资本雇用量，这是一家试图实现盈利的公司所能预期的。这告诉我们公司有很多再投资机会，这些机会能够产生更高的回报。
One more thing to note, Semrush Holdings has decreased current liabilities to 29% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. So this improvement in ROCE has come from the business' underlying economics, which is great to see.
还有一件事需要注意，Semrush Holdings将其流动负债降低为总资产的29%，有效减少了供应商或短期债权人的资金筹资量。因此，ROCE的这种改善是由业务的基本经济状况带来的，这是非常好的。
Our Take On Semrush Holdings' ROCE
简而言之，我们很高兴看到Semrush Holdings的再投资活动已经取得了成功，公司现在变得盈利。由于公司的股票在过去三年中下跌了31%，所以可能存在机会。在这种情况下，研究公司的当前估值指标和未来前景似乎是适当的。
Long story short, we're delighted to see that Semrush Holdings' reinvestment activities have paid off and the company is now profitable. And since the stock has fallen 31% over the last three years, there might be an opportunity here. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
长话短说，我们很高兴看到Semrush Holdings的再投资活动已经取得了成功，公司现在变得盈利。由于公司的股票在过去三年中下跌了31%，所以可能存在机会。在这种情况下，研究公司的当前估值指标和未来前景似乎是适当的。
On a separate note, we've found 2 warning signs for Semrush Holdings you'll probably want to know about.
另外，我们发现Semrush Holdings存在2个警告信号，您可能想了解。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
Hao Tian International Construction Investment Group确实存在一些风险，我们已经发现了一条警示标志，你可能会感兴趣。对于那些喜欢投资于实力雄厚的公司的人，可以查看这个由财务状况强大、股本回报率高的公司组成的免费列表。
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.
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈？对内容感到担忧？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。