Investors Shouldn't Overlook Qualys' (NASDAQ:QLYS) Impressive Returns On Capital
Investors Shouldn't Overlook Qualys' (NASDAQ:QLYS) Impressive Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, the ROCE of Qualys (NASDAQ:QLYS) looks great, so lets see what the trend can tell us.
如果你在尋找一個多倍收益的股票,有幾個方面需要關注。除了其他因素,我們希望看到兩個方面;首先是資本回報率(ROCE)的增長,其次是公司投入資本的擴張。最終,這表明這是一個以越來越高的回報率再投資利潤的業務。考慮到這一點,科力斯(納斯達克:QLYS)的ROCE看起來很不錯,因此讓我們看看該趨勢能告訴我們什麼。
Understanding Return On Capital Employed (ROCE)
理解已投資資本回報率(ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Qualys is:
如果你之前沒有使用過ROCE,它衡量的是公司從其業務中投入資本所產生的「回報」(稅前利潤)。科力斯的計算公式爲:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)
0.34 = US$179m ÷ (US$908m - US$389m) (Based on the trailing twelve months to September 2024).
0.34 = 17900萬美元 ÷ (90800萬美元 - 389萬美元)(基於截至2024年9月的過去十二個月數據)。
So, Qualys has an ROCE of 34%. That's a fantastic return and not only that, it outpaces the average of 8.9% earned by companies in a similar industry.
因此,科力斯的ROCE爲34%。這是一個很棒的回報,不僅如此,它還超越了類似行業公司平均8.9%的回報。
Above you can see how the current ROCE for Qualys 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 Qualys .
上面可以看到科力斯當前的資本回報率(ROCE)與其之前的資本回報率相比,但從過去可以了解到的有限。如果您感興趣,可以在我們免費的科力斯分析師報告中查看分析師的預測。
The Trend Of ROCE
資本回報率(ROCE)的趨勢
Qualys is displaying some positive trends. 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, 26% more capital is being employed now too. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
科力斯展現出一些積極的趨勢。數據顯示,過去五年資本回報率大幅上升至34%。基本上,該業務每投資一美元的資本所賺取的收益增加了,另外,現有的資本投入也增加了26%。這可能表明在內部投資資本以及以更高的利率進行投資的機會很多,這是多倍回報股常見的組合。
On a side note, Qualys' current liabilities are still rather high at 43% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
順便提一下,科力斯的當前負債仍然相對較高,佔總資產的43%。這可能會帶來一些風險,因爲該公司基本上依賴於供應商或其他形式的短期債權人。雖然這並不一定是壞事,但如果這個比例較低,則可能更有利。
In Conclusion...
結論...
All in all, it's terrific to see that Qualys is reaping the rewards from prior investments and is growing its capital base. And with a respectable 79% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
總的來說,很高興看到科力斯正在收穫之前投資的回報,並且正在增長其資本基礎。過去五年,股東獲得了79%的合理回報,您可以說這些發展開始引起應有的關注。話雖如此,我們仍然認爲有希望的基本面意味着該公司值得進一步的盡職調查。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for QLYS that compares the share price and estimated value.
在得出任何結論之前,我們需要了解當前股價能爲我們帶來什麼價值。這就是您可以查看我們免費的科力斯內在價值評估的地方,該評估比較了股價和估計價值。
Qualys is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.
科力斯並不是唯一一隻獲得高回報的股票。如果您想看到更多,請查看我們免費提供的高股本回報且具有穩固基本面的公司的名單。
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這篇來自Simply Wall St的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均沒有持倉。