Capital Investment Trends At Atmus Filtration Technologies (NYSE:ATMU) Look Strong
Capital Investment Trends At Atmus Filtration Technologies (NYSE:ATMU) Look Strong
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, the ROCE of Atmus Filtration Technologies (NYSE:ATMU) looks attractive right now, so lets see what the trend of returns can tell us.
寻找一个有潜力成长的企业并不容易,但如果我们看几个关键的财务指标是有可能的。一个在其他方面都不错的企业,我们会想看到两件事:首先是不断增长的投入资本回报率(ROCE),其次是公司投入的资本数量的扩张。简单地说,这些类型的企业是强化复利的机器,意味着他们一直以越来越高的回报率不断地重新投资收益。有了这个想法,Atmus Filtration Technologies (NYSE:ATMU) 的ROCE 现在看起来很有吸引力,让我们看看收益趋势能告诉我们什么。
Return On Capital Employed (ROCE): What Is It?
资本雇用回报率(ROCE)是什么?
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 Atmus Filtration Technologies, this is the formula:
如果您以前没有使用过ROCE,它衡量的是公司在业务中使用的资本所产生的'回报'(税前利润)。为计算Atmus Filtration Technologies的这个指标,以下是公式:
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。
0.32 = US$243m ÷ (US$1.1b - US$349m) (Based on the trailing twelve months to March 2024).
0.32 = US$24300万÷(US$11亿-US$349m)(基于截至2024年3月的过去十二个月)。
So, Atmus Filtration Technologies has an ROCE of 32%. In absolute terms that's a great return and it's even better than the Machinery industry average of 13%.
所以,Atmus Filtration Technologies的ROCE为32%。绝对意义上,这是一个很好的回报,甚至比机械行业的平均水平13%还要好。
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Above you can see how the current ROCE for Atmus Filtration Technologies 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 Atmus Filtration Technologies .
上面您可以看到目前Atmus Filtration Technologies的ROCE如何与以前的资本回报率相比,但从过去看到的信息是有限的。如果您有兴趣,可以查看我们为Atmus Filtration Technologies提供的自由分析师报告中分析师的预测。
What The Trend Of ROCE Can Tell Us
尽管如此,当我们看 enphase energy (纳斯达克股票代码:ENPH) 的时候,它似乎并没有完全符合这些要求。
In terms of Atmus Filtration Technologies' history of ROCE, it's quite impressive. Over the past three years, ROCE has remained relatively flat at around 32% and the business has deployed 42% more capital into its operations. Returns like this are the envy of most businesses and given it has repeatedly reinvested at these rates, that's even better. If these trends can continue, it wouldn't surprise us if the company became a multi-bagger.
就Atmus Filtration Technologies的 ROCE 历史而言,它是相当令人印象深刻的。在过去的三年里,ROCE保持相当平稳,大约在32%左右,该企业增加了42%的资本投入到运营中。这样的回报对于大多数企业而言是令人嫉妒的,考虑到它多次以这些利润率重新投资,这是更好的。如果这些趋势可以继续下去,我们不会感到惊讶,如果该公司成为多袋价值的话。
The Key Takeaway
重要提示
In short, we'd argue Atmus Filtration Technologies has the makings of a multi-bagger since its been able to compound its capital at very profitable rates of return. And the stock has followed suit returning a meaningful 27% to shareholders over the last year. So even though the stock might be more "expensive" than it was before, we think the strong fundamentals warrant this stock for further research.
简而言之,我们认为Atmus Filtration Technologies有成为多袋价值的因素,因为它能够以非常有利可图的回报率复利投资其资本。股票回报率也如此,过去一年中为股东带来了有意义的27%的回报。因此,即使该股票比之前更加'昂贵',我们认为其强劲的基本面也值得进一步研究。
On a final note, we've found 1 warning sign for Atmus Filtration Technologies that we think you should be aware of.
最后一点,我们发现Atmus Filtration Technologies有1个警告信号需要您了解。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回报率是强劲表现的关键因素,因此请查看我们的免费股票列表,其中列出了盈利能力强、资产负债表坚实的股票。
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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
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