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We Like These Underlying Return On Capital Trends At Nabors Industries (NYSE:NBR)

We Like These Underlying Return On Capital Trends At Nabors Industries (NYSE:NBR)

我们喜欢纳博斯工业公司(纽约证券交易所代码:NBR)的这些潜在资本回报率趋势
Simply Wall St ·  05/21 20:27

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. So on that note, Nabors Industries (NYSE:NBR) looks quite promising in regards to its trends of return on capital.

如果我们想找到潜在的多袋装袋机,通常有一些潜在的趋势可以提供线索。通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 所用资本的比例。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。因此,从这个角度来看,纳博斯工业公司(纽约证券交易所代码:NBR)的资本回报率趋势看起来相当乐观。

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

资本使用回报率(ROCE):这是什么?

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Nabors Industries:

对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。分析师使用以下公式来计算纳博斯工业的计算公式:

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)

0.063 = US$256m ÷ (US$4.6b - US$602m) (Based on the trailing twelve months to March 2024).

0.063 = 2.56亿美元 ÷(46亿美元-6.02亿美元) (基于截至2024年3月的过去十二个月)

Thus, Nabors Industries has an ROCE of 6.3%. In absolute terms, that's a low return and it also under-performs the Energy Services industry average of 12%.

因此,纳博斯工业的投资回报率为6.3%。从绝对值来看,这是一个低回报,其表现也低于能源服务行业12%的平均水平。

roce
NYSE:NBR Return on Capital Employed May 21st 2024
纽约证券交易所:NBR 2024 年 5 月 21 日动用资本回报率

Above you can see how the current ROCE for Nabors Industries 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 Nabors Industries for free.

上面你可以看到纳博斯工业公司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。如果你愿意,你可以免费查看报道纳博斯工业的分析师的预测。

What Does the ROCE Trend For Nabors Industries Tell Us?

纳博斯工业的投资回报率趋势告诉我们什么?

We're delighted to see that Nabors Industries is reaping rewards from its investments and has now broken into profitability. Historically the company was generating losses but as we can see from the latest figures referenced above, they're now earning 6.3% on their capital employed. Additionally, the business is utilizing 43% less capital than it was five years ago, and taken at face value, that can mean the company needs less funds at work to get a return. Nabors Industries could be selling under-performing assets since the ROCE is improving.

我们很高兴看到Nabors Industries正在从其投资中获得回报,现在已经实现盈利。从历史上看,该公司一直在亏损,但正如我们从上面引用的最新数据中看到的那样,他们现在的收入为动用资本的6.3%。此外,该业务使用的资本比五年前减少了43%,按面值计算,这可能意味着公司需要更少的资金才能获得回报。由于投资回报率有所改善,纳博斯工业可能会出售表现不佳的资产。

The Bottom Line

底线

From what we've seen above, Nabors Industries has managed to increase it's returns on capital all the while reducing it's capital base. And since the stock has fallen 30% over the last five years, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified.

从我们上面看到的情况来看,Nabors Industries设法提高了资本回报率,同时减少了资本基础。而且,由于该股在过去五年中下跌了30%,因此这里可能有机会。因此,进一步研究这家公司并确定这些趋势是否会持续下去似乎是合理的。

Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for NBR that compares the share price and estimated value.

但是,在得出任何结论之前,我们需要知道当前股价将获得什么价值。在这里,您可以查看我们对NBR的免费内在价值估算,该估算值比较了股价和估计价值。

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.

如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。

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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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