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Investors Shouldn't Overlook Deckers Outdoor's (NYSE:DECK) Impressive Returns On Capital

Investors Shouldn't Overlook Deckers Outdoor's (NYSE:DECK) Impressive Returns On Capital

投資者不應忽視Deckers Outdoor(紐約證券交易所代碼:DECK)令人印象深刻的資本回報率
Simply Wall St ·  03/25 08:55

What are the early trends we should look for to identify a stock that could multiply in value over the long term? 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. Speaking of which, we noticed some great changes in Deckers Outdoor's (NYSE:DECK) returns on capital, so let's have a look.

我們應該尋找哪些早期趨勢來確定一隻可能長期價值成倍增長的股票?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。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。說到這裏,我們注意到Deckers Outdoor(紐約證券交易所代碼:DECK)的資本回報率發生了一些重大變化,所以讓我們來看看吧。

What Is Return On Capital Employed (ROCE)?

什麼是資本使用回報率(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. Analysts use this formula to calculate it for Deckers Outdoor:

如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。分析師使用這個公式來計算 Deckers Outdoor 的值:

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)

0.37 = US$890m ÷ (US$3.3b - US$927m) (Based on the trailing twelve months to December 2023).

0.37 = 8.9億美元 ÷(33億美元-9.27億美元) (基於截至2023年12月的過去十二個月)

Therefore, Deckers Outdoor has an ROCE of 37%. That's a fantastic return and not only that, it outpaces the average of 12% earned by companies in a similar industry.

因此,Deckers Outdoor 的投資回報率爲 37%。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12%。

roce
NYSE:DECK Return on Capital Employed March 25th 2024
紐約證券交易所:DECK 2024年3月25日動用資本回報率

Above you can see how the current ROCE for Deckers Outdoor compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Deckers Outdoor for free.

上面你可以看到Deckers Outdoor當前的投資回報率與之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。如果你願意,你可以免費查看報道Deckers Outdoor的分析師的預測。

What Does the ROCE Trend For Deckers Outdoor Tell Us?

Deckers Outdoor 的 ROCE 趨勢告訴我們什麼?

The trends we've noticed at Deckers Outdoor are quite reassuring. Over the last five years, returns on capital employed have risen substantially to 37%. Basically the business is earning more per dollar of capital invested and in addition to that, 111% more capital is being employed now too. So we're very much inspired by what we're seeing at Deckers Outdoor thanks to its ability to profitably reinvest capital.

我們在Deckers Outdoor上注意到的趨勢非常令人放心。在過去五年中,已動用資本回報率大幅上升至37%。基本上,該企業每投資1美元的資本就能獲得更多的收入,除此之外,現在使用的資本也增加了111%。因此,我們在Deckers Outdoor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。

The Bottom Line On Deckers Outdoor's ROCE

Deckers Outdoor 的 ROCE 的底線

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 Deckers Outdoor has. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if Deckers Outdoor can keep these trends up, it could have a bright future ahead.

一家資本回報率不斷提高且能夠持續進行自我再投資的公司是一個備受追捧的特徵,而這正是Deckers Outdoor的本質。而且,由於該股在過去五年中表現異常出色,投資者正在考慮這些模式。有鑑於此,我們認爲值得進一步研究這隻股票,因爲如果Deckers Outdoor能夠保持這些趨勢,它可能會有一個光明的未來。

Deckers Outdoor does have some risks though, and we've spotted 1 warning sign for Deckers Outdoor that you might be interested in.

但是,Deckers Outdoor 確實存在一些風險,我們發現了 Deckers Outdoor 的一個警告標誌,你可能會感興趣。

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.

高回報是強勁表現的關鍵因素,因此請查看我們的免費股本回報率高且資產負債表穩健的股票清單。

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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