We Like These Underlying Return On Capital Trends At Star Bulk Carriers (NASDAQ:SBLK)
We Like These Underlying Return On Capital Trends At Star Bulk Carriers (NASDAQ:SBLK)
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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at Star Bulk Carriers (NASDAQ:SBLK) so let's look a bit deeper.
如果你正在尋找一款多功能裝袋機，有幾件事需要注意。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。基本上，這意味着公司擁有可以繼續進行再投資的盈利計劃，這是複合機器的特徵。考慮到這一點，我們注意到Star Bulk Carriers（納斯達克股票代碼：SBLK）的一些令人鼓舞的趨勢，所以讓我們更深入地了解一下。
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 Star Bulk Carriers:
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星型散裝貨船的運費：
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）
0.074 = US$196m ÷ (US$3.0b - US$359m) (Based on the trailing twelve months to December 2023).
0.074 = 1.96 億美元 ÷（30 億美元-3.59 億美元） （基於截至2023年12月的過去十二個月）。
Therefore, Star Bulk Carriers has an ROCE of 7.4%. On its own, that's a low figure but it's around the 8.2% average generated by the Shipping industry.
因此，Star Bulk Carriers的投資回報率爲7.4％。就其本身而言，這是一個很低的數字，但約爲航運業的8.2％的平均水平。
Above you can see how the current ROCE for Star Bulk Carriers 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 Star Bulk Carriers for free.
在上方，您可以看到Star Bulk Carriers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。如果你願意，你可以免費查看分析師對Star Bulk Carriers的預測。
What Does the ROCE Trend For Star Bulk Carriers Tell Us?
明星散貨船的ROCE趨勢告訴我們什麼？
Star Bulk Carriers' ROCE growth is quite impressive. The figures show that over the last five years, ROCE has grown 37% whilst employing roughly the same amount of capital. 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. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
Star Bulk Carriers的投資回報率增長相當可觀。數字顯示，在過去五年中，ROCE增長了37％，同時僱用了大致相同數量的資本。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。從這個意義上講，該公司表現良好，值得研究管理團隊對長期增長前景的計劃。
Our Take On Star Bulk Carriers' ROCE
我們對星際散裝貨船的投資回報率的看法
As discussed above, Star Bulk Carriers appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And a remarkable 404% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
如上所述，Star Bulk Carriers似乎越來越擅長創造回報，因爲資本使用量保持不變，但收益（不計利息和稅收）有所增加。過去五年中驚人的404％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，鑑於該股已證明其趨勢令人鼓舞，值得進一步研究該公司，看看這些趨勢是否可能持續下去。
If you want to continue researching Star Bulk Carriers, you might be interested to know about the 5 warning signs that our analysis has discovered.
如果你想繼續研究 Star Bulk Carriers，你可能有興趣了解我們的分析發現的5個警告信號。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想尋找收益豐厚的穩健公司，可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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。
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