share_log

CONSOL Energy (NYSE:CEIX) Is Investing Its Capital With Increasing Efficiency

CONSOL Energy (NYSE:CEIX) Is Investing Its Capital With Increasing Efficiency

CONSOL Energy(紐約證券交易所代碼:CEIX)正在通過提高效率來投資資本
Simply Wall St ·  05/22 03:38

What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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 when we looked at the ROCE trend of CONSOL Energy (NYSE:CEIX) we really liked what we saw.

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?首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 所用資本的比例。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資到業務中併產生更高的回報。因此,當我們查看CONSOL Energy(紐約證券交易所代碼:CEIX)的投資回報率趨勢時,我們真的很喜歡我們所看到的。

Return On Capital Employed (ROCE): What Is It?

資本使用回報率(ROCE):這是什麼?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for CONSOL Energy, this is the formula:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。要計算 CONSOL Energy 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)

0.27 = US$609m ÷ (US$2.7b - US$417m) (Based on the trailing twelve months to March 2024).

0.27 = 6.09億美元 ÷(27億美元-4.17億美元) (基於截至2024年3月的過去十二個月)

Thus, CONSOL Energy has an ROCE of 27%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 13%.

因此,CONSOL Energy的投資回報率爲27%。從絕對值來看,這是一個不錯的回報,甚至比石油和天然氣行業13%的平均水平還要好。

roce
NYSE:CEIX Return on Capital Employed May 21st 2024
紐約證券交易所:CEIX 2024年5月21日動用資本回報率

In the above chart we have measured CONSOL Energy's 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 CONSOL Energy .

在上圖中,我們將CONSOL Energy之前的投資回報率與之前的表現進行了比較,但可以說,未來更爲重要。如果你想了解分析師對未來的預測,你應該查看我們爲CONSOL Energy提供的免費分析師報告。

So How Is CONSOL Energy's ROCE Trending?

那麼 CONSOL Energy 的 ROCE 趨勢如何呢?

CONSOL Energy is showing promise given that its ROCE is trending up and to the right. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 168% over the last five years. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.

鑑於其投資回報率呈上升和向右傾斜的趨勢,CONSOL Energy表現出希望。從數據來看,我們可以看到,儘管該業務中使用的資本保持相對平穩,但在過去五年中,產生的投資回報率增長了168%。因此,我們的看法是,企業提高了效率以產生更高的回報,同時無需進行任何額外投資。在這方面,情況看起來不錯,因此值得探討管理層對未來增長計劃的看法。

The Bottom Line

底線

In summary, we're delighted to see that CONSOL Energy has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And a remarkable 270% 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,我們很高興看到CONSOL Energy能夠提高效率,並在相同金額的資本中獲得更高的回報率。過去五年中驚人的270%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。

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

如果你想了解CONSOL Energy面臨的風險,我們發現了一個你應該注意的警告信號。

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.

如果你想搜索更多獲得高回報的股票,可以查看這份資產負債表穩健且淨資產回報率也很高的股票的免費清單。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
    搶先評論