Powell Industries (NASDAQ:POWL) Is Achieving High Returns On Its Capital
Powell Industries (NASDAQ:POWL) Is Achieving High Returns On Its Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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 when we looked at the ROCE trend of Powell Industries (NASDAQ:POWL) we really liked what we saw.
了解一些金融指标可以提供潜在多倍股的线索。其中,我们希望看到两个方面的情况:首先,资本雇用回报率(ROCE)增长;其次,公司资本雇用额度的扩大。如果你看到这一点,通常意味着这是一家具有出色的商业模式和丰富的利润再投资机会的公司。所以当我们看到 Powell Industries(NASDAQ:POWL)的 ROCE 趋势时,我们真的非常喜欢我们所看到的。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源现行ROCE与之前资本回报的比较,但过去只能知道这么多。如果您感兴趣,可以查看我们免费的蒙托克可再生能源分析师报告,了解分析师的预测。
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. The formula for this calculation on Powell Industries is:
只是为了澄清,如果你不确定的话,ROCE 是一个用于评估公司在其业务中投入资本所获税前收入的指标(以百分比表示)。Powell Industries 的这个计算公式是:
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。
0.34 = US$152m ÷ (US$869m - US$418m) (Based on the trailing twelve months to June 2024).
0.34 = 1.52 亿美元÷(8.69 亿美元-4.18 亿美元)(基于截至2024年6月的过去十二个月)。
Thus, Powell Industries has an ROCE of 34%. That's a fantastic return and not only that, it outpaces the average of 12% earned by companies in a similar industry.
因此,Powell Industries 的 ROCE 为 34%。这是一个很棒的回报率,不仅如此,它还超过了同类行业公司平均获得的 12%。
![1724326397420](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240822/42731047-0-dc277e5c760822164cc1fb06d510994b.webp/bigjpg)
In the above chart we have measured Powell Industries' 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 Powell Industries .
在上面的图表中,我们已经测量了Powell Industries先前的ROCE与其先前的表现,但未来可能更重要。如果您想了解分析师们未来的预测,您应该查看我们免费的Powell Industries分析师报告。
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。
Investors would be pleased with what's happening at Powell Industries. The data shows that returns on capital have increased substantially over the last five years to 34%. Basically the business is earning more per dollar of capital invested and in addition to that, 47% more capital is being employed now too. So we're very much inspired by what we're seeing at Powell Industries thanks to its ability to profitably reinvest capital.
投资者对Powell Industries正在发生的事情会感到满意。数据显示,在过去五年中,资本回报率大幅增加到34%。基本上,该公司每美元的资本投资收益更高,而且现在使用的资本也增加了47%。因此,我们非常受到Powell Industries赢利再投资资本的能力的启发。
On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Essentially the business now has suppliers or short-term creditors funding about 48% of its operations, which isn't ideal. Given it's pretty high ratio, we'd remind investors that having current liabilities at those levels can bring about some risks in certain businesses.
顺便提一下,我们注意到ROCE的改善似乎部分是由流动负债的增加推动的。基本上,该业务现在有供应商或短期债权人资助其约48%的业务,这并不理想。鉴于其相当高的比率,我们提醒投资者,将流动负债保持在这个水平可能会给某些企业带来一些风险。
What We Can Learn From Powell Industries' ROCE
我们可以从Powell Industries的ROCE中学到什么
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Powell Industries has. Since the stock has returned a staggering 454% to shareholders over the last five years, it looks like investors are recognizing these changes. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
一个能够增加资本回报率并能够持续再投资的公司是备受追捧的特质,Powell Industries就拥有这一特质。由于该股票在过去五年中为股东们带来了惊人的454%的回报,看来投资者正在认可这些变化。因此,鉴于这支股票已经证明具有有前途的趋势,值得进一步研究该公司,以确定这些趋势是否可能持续下去。
If you want to continue researching Powell Industries, you might be interested to know about the 2 warning signs that our analysis has discovered.
如果你想继续研究Powell Industries,你可能会对我们分析中发现的2个警告信号感兴趣。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果您想寻找更多获得高回报的股票,请查看这个免费股票列表,这些股票不仅有扎实的资产负债表,而且还有高回报率。
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