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Freshpet (NASDAQ:FRPT) Shareholders Will Want The ROCE Trajectory To Continue

Freshpet (NASDAQ:FRPT) Shareholders Will Want The ROCE Trajectory To Continue

Freshpet(纳斯达克股票代码:FRPT)的股东们将希望投资回报率的走势继续下去
Simply Wall St ·  05/21 13:10

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, Freshpet (NASDAQ:FRPT) looks quite promising in regards to its trends of return on capital.

如果你正在寻找一款多功能装袋机,有几件事需要注意。理想情况下,企业将表现出两种趋势;首先是增长 返回 论资本使用率(ROCE),其次是增加 金额 所用资本的比例。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。因此,从这个角度来看,Freshpet(纳斯达克股票代码:FRPT)的资本回报率趋势看起来相当乐观。

Understanding Return On Capital Employed (ROCE)

了解资本使用回报率 (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. Analysts use this formula to calculate it for Freshpet:

如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。分析师使用这个公式来计算 Freshpet 的金额:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)

0.00028 = US$389k ÷ (US$1.5b - US$82m) (Based on the trailing twelve months to March 2024).

0.00028 = 389万美元 ÷(15亿美元-8200万美元) (基于截至2024年3月的过去十二个月)

Therefore, Freshpet has an ROCE of 0.03%. Ultimately, that's a low return and it under-performs the Food industry average of 11%.

因此,Freshpet的投资回报率为0.03%。归根结底,这是一个低回报,其表现低于食品行业11%的平均水平。

roce
NasdaqGM:FRPT Return on Capital Employed May 21st 2024
纳斯达克通用汽车公司:FRPT 2024年5月21日动用资本回报率

Above you can see how the current ROCE for Freshpet 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 Freshpet .

上面你可以看到Freshpet当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果您有兴趣,可以在我们的免费Freshpet分析师报告中查看分析师的预测。

What The Trend Of ROCE Can Tell Us

ROCE 的趋势能告诉我们什么

The fact that Freshpet is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 0.03% which is a sight for sore eyes. Not only that, but the company is utilizing 983% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

Freshpet现在从先前的投资中获得了一些税前利润,这一事实非常令人鼓舞。该公司五年前出现亏损,但现在的收益为0.03%,这真是令人眼花缭乱。不仅如此,该公司使用的资本比以前增加了983%,对于一家试图实现盈利的公司来说,这是意料之中的。这可能表明,有很多机会在内部进行资本投资,并以更高的利率进行资本投资,这两者都是多袋投资者的共同特征。

In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 5.5%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. So shareholders would be pleased that the growth in returns has mostly come from underlying business performance.

在分析的另一部分中,我们注意到该公司的流动负债占总资产的比率降至5.5%,这在很大程度上意味着该企业减少了对供应商或短期债权人为其运营提供资金的依赖。因此,股东们会很高兴回报的增长主要来自基础业务表现。

What We Can Learn From Freshpet's ROCE

我们可以从 Freshpet 的 ROCE 中学到什么

In summary, it's great to see that Freshpet has managed to break into profitability and is continuing to reinvest in its business. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.

总而言之,很高兴看到Freshpet成功实现盈利并继续对其业务进行再投资。而且,由于该股在过去五年中表现异常出色,投资者正在考虑这些模式。话虽如此,我们仍然认为前景良好的基本面意味着公司值得进一步的尽职调查。

If you'd like to know about the risks facing Freshpet, we've discovered 1 warning sign that you should be aware of.

如果你想了解Freshpet面临的风险,我们发现了一个你应该注意的警告信号。

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.

对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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