WEC Energy Group (NYSE:WEC) Is Looking To Continue Growing Its Returns On Capital
WEC Energy Group (NYSE:WEC) Is Looking To Continue Growing Its Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing 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. So on that note, WEC Energy Group (NYSE:WEC) looks quite promising in regards to its trends of return on capital.
要想找到潛在的大幅成長的企業並不容易，但如果我們關注一些關鍵的財務指標，這是可能的。理想情況下，一家企業將展現兩種趨勢：首先是資本使用增長。這向我們展示了它是一個複合機器，能夠不斷地將其盈利重新投入到業務中併產生更高的回報。考慮到這一點，河南玉光金鉛股份有限公司（上交所：600531）的ROCE看起來不錯，所以讓我們看看回報的趨勢能告訴我們些什麼。資產回報率：它是什麼？資本使用率回報(ROCE)是什麼?ROCE 趨勢可以告訴我們什麼？比起 Enphase Energy，有更好的資本回報率選擇。在過去的五年中，該公司增加了 1,306% 的資本，而該資本的回報率保持穩定在 9.9%。這樣差的回報率現在並不令人信服，而且隨着資本的增加，很明顯企業並沒有將資金投入到高回報的投資中。基本上這意味着公司有盈利的舉措可以持續再投資，這是一個複利機器的特質。 因此，在資本回報方面，威斯康星能源集團（紐交所：WEC）的趨勢看起來非常有前途。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
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. The formula for this calculation on WEC Energy Group is:
對於那些不確定ROCE是什麼的人來說，它衡量的是公司從其業務中所使用的資本中能夠產生的稅前利潤金額。在威斯康星能源集團的計算公式是：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率（ROCE）是指企業利潤，即企業稅前利潤除以企業投入的總資本（負債加股權）。如果ROCE高於企業財務成本的承受能力，那麼企業就會創造出更多的價值。
0.059 = US$2.3b ÷ (US$44b - US$4.7b) (Based on the trailing twelve months to March 2024).
0.059 = 23億美元 ÷ （440億美元 - 47億美元）在Elevance Health上，我們已經注意到的趨勢是相當令人放心的。數據顯示，過去五年資產回報率大幅提高至15％。投資所用資產的規模也增加了30％。這表明有很多機會進行內部資本投資，並以更高的速度不斷增長，這種組合在多倍增長方面很常見。.
Therefore, WEC Energy Group has an ROCE of 5.9%. On its own, that's a low figure but it's around the 5.0% average generated by the Integrated Utilities industry.
因此，威斯康星能源集團的ROCE爲5.9%。就其本身而言，這個數字較低，但它接近綜合公用事業業平均水平5.0%所產生的利潤。
Above you can see how the current ROCE for WEC Energy Group 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 WEC Energy Group .
您可以看到WEC Energy Group目前的ROCE與以前的資本回報率相比如何，但從過去只能了解有限的信息。如果感興趣，您可以查看我們針對WEC Energy Group的免費分析師報告中的分析師預測。
What Does the ROCE Trend For WEC Energy Group Tell Us?
威斯康星能源集團ROCE的趨勢告訴我們什麼？
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 5.9%. The amount of capital employed has increased too, by 27%. So we're very much inspired by what we're seeing at WEC Energy Group thanks to its ability to profitably reinvest capital.
儘管ROCE在絕對數值上仍然較低，但很高興看到它正朝着正確的方向發展。數據顯示，在過去的五年中，資本回報率已經大幅增加到5.9%。所使用的資本也增加了27%。因此，我們非常讚賞威斯康星能源集團由於其能夠盈利地再投資資本而所看到的情況。
The Bottom Line
還有一件事需要注意的是，我們已經確定了上海醫藥的2個警告信號，了解這些信號應該成爲你的投資過程的一部分。
All in all, it's terrific to see that WEC Energy Group is reaping the rewards from prior investments and is growing its capital base. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 8.1% to shareholders. So with that in mind, we think the stock deserves further research.
總而言之，高興地看到WEC Energy Group從之前的投資中獲得回報並擴大其資本基礎。投資者可能還沒有對良好的基本趨勢產生印象，因爲在過去的五年中，該股票僅向股東提供了8.1%的回報。因此，我們認爲這支股票值得進一步研究。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for WEC Energy Group (of which 1 shouldn't be ignored!) that you should know about.
由於幾乎每家公司都面臨一定的風險，因此了解這些風險是值得的。我們已經發現了有關威斯康星能源集團的2個警示信號（其中1個不應被忽視！）,你必須了解。
While WEC Energy Group may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
雖然WEC能源集團目前的收益率可能不是最高的，但我們已經編制了一份目前收益率超過25%的公司列表。在這裏查看這個免費列表。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。