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We Like Monolithic Power Systems' (NASDAQ:MPWR) Returns And Here's How They're Trending

We Like Monolithic Power Systems' (NASDAQ:MPWR) Returns And Here's How They're Trending

我們喜歡Monolithic Power Systems(納斯達克股票代碼:MPWR)的回報,以下是它們的趨勢
Simply Wall St ·  03/10 10:42

To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. Speaking of which, we noticed some great changes in Monolithic Power Systems' (NASDAQ:MPWR) returns on capital, so let's have a look.

要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?除其他外,我們希望看到兩件事;首先,成長 返回 論資本使用率(ROCE),其次是公司的擴張 金額 所用資本的比例。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。說到這裏,我們注意到Monolithic Power Systems(納斯達克股票代碼:MPWR)的資本回報率發生了一些重大變化,所以讓我們來看看吧。

Understanding Return On Capital Employed (ROCE)

了解資本使用回報率 (ROCE)

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. To calculate this metric for Monolithic Power Systems, this is the formula:

爲了澄清一下你是否不確定,ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入(按百分比計算)的指標。要計算單芯片電力系統的這個指標,公式如下:

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

已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)

0.22 = US$482m ÷ (US$2.4b - US$235m) (Based on the trailing twelve months to December 2023).

0.22 = 4.82億美元 ÷(24億美元-2.35億美元) (基於截至2023年12月的過去十二個月)

Therefore, Monolithic Power Systems has an ROCE of 22%. That's a fantastic return and not only that, it outpaces the average of 10% earned by companies in a similar industry.

因此,單片電源系統的投資回報率爲22%。這是一個了不起的回報,不僅如此,它還超過了類似行業公司的平均10%。

roce
NasdaqGS:MPWR Return on Capital Employed March 10th 2024
納斯達克GS:MPWR 2024年3月10日動用資本回報率

Above you can see how the current ROCE for Monolithic Power Systems 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 Monolithic Power Systems .

在上方,您可以看到Monolithic Power Systems當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果您有興趣,可以在我們的免費Monolithic Power Systems分析師報告中查看分析師的預測。

What The Trend Of ROCE Can Tell Us

ROCE 的趨勢能告訴我們什麼

Investors would be pleased with what's happening at Monolithic Power Systems. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 22%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 208%. So we're very much inspired by what we're seeing at Monolithic Power Systems thanks to its ability to profitably reinvest capital.

投資者會對Monolithic Power Systems發生的事情感到滿意。數字顯示,在過去五年中,所用資本的回報率已大幅增長至22%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了208%。因此,我們在Monolithic Power Systems所看到的情況給我們帶來了極大的啓發,這要歸功於它能夠盈利地進行資本再投資。

What We Can Learn From Monolithic Power Systems' ROCE

我們可以從單片電源系統的投資回報率中學到什麼

In summary, it's great to see that Monolithic Power Systems can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And a remarkable 440% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.

總而言之,很高興看到Monolithic Power Systems能夠通過持續地以更高的回報率進行資本再投資來增加回報,因爲這些是那些備受追捧的多袋機的一些關鍵要素。過去五年中驚人的440%總回報率告訴我們,投資者預計未來還會有更多好事發生。因此,我們認爲值得您花時間檢查這些趨勢是否會持續下去。

On a separate note, we've found 2 warning signs for Monolithic Power Systems you'll probably want to know about.

另一方面,我們發現了兩個你可能想知道的單片電源系統的警告信號。

If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.

如果您想看到其他公司獲得高回報,請在此處查看我們的免費高回報且資產負債表穩健的公司名單。

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.

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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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