Returns At Alliant Energy (NASDAQ:LNT) Appear To Be Weighed Down
Returns At Alliant Energy (NASDAQ:LNT) Appear To Be Weighed Down
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Alliant Energy (NASDAQ:LNT) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
要找到一個有潛力的高增長股，我們通常可以尋找一些潛在的線索。其中的關鍵之一是，我們需要看到有兩點，首先是資本投入的增長。這基本上意味着公司擁有有盈利的計劃，可以繼續投資，這是複合機的特點。資產回報率：它是什麼？如果您不確定ROCE是什麼，它可以衡量公司能夠從其業務所僱用的資本產生多少稅前利潤。爲了計算V2X的這個指數，使用以下公式:0.054 = 1.24億美元÷（31億美元 - 8.53億美元）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。這顯示它是一個複合機器，能夠不斷將其收益重新投資於業務併產生更高的回報。話雖如此，從對 Alliant Energy (納斯達克 LNT) 的第一眼看法來看，我們並不對回報率的趨勢感到驚喜，但讓我們更深入地去看看。
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 Alliant Energy is:
對於那些不確定 ROCE 是什麼的人，它衡量了一家公司能夠從其業務中投入的資本中產生多少稅前利潤。在 Alliant Energy 上進行這個計算的公式是：
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。
0.048 = US$917m ÷ (US$21b - US$2.0b) (Based on the trailing twelve months to March 2024).
0.048 = 美國聯合能源 (Alliant Energy) 的淨收益 / （總資產 - 應付賬款) 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。.
So, Alliant Energy has an ROCE of 4.8%. Even though it's in line with the industry average of 4.8%, it's still a low return by itself.
那麼，Alliant Energy 的 ROCE 是 4.8%。儘管它符合行業平均水平，但單獨來看，它仍然是一個低迴報。
Above you can see how the current ROCE for Alliant Energy 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 Alliant Energy .
您可以看到以上 Alliant Energy 當前 ROCE 與以往資本回報率的比較，但是從過去只能得出那麼多信息。如果您有興趣，可以在我們爲 Alliant Energy 準備的免費分析師報告中查看分析師的預測。
How Are Returns Trending?
綜合上述，Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定，如果其他指標也不錯，則可能存在機會。因此，進一步研究這家公司並確定這些趨勢是否會持續是合理的。
There are better returns on capital out there than what we're seeing at Alliant Energy. The company has employed 36% more capital in the last five years, and the returns on that capital have remained stable at 4.8%. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital.
市場上有比 Alliant Energy 更好的資本回報率。公司在過去的五年中增加了 36% 的資本，而該資本的回報率保持在 4.8% 的穩定水平。鑑於公司增加了投入的資本量，似乎所做的投資僅提供了較低的資本回報率。
The Bottom Line On Alliant Energy's ROCE
總之，儘管 Alliant Energy 一直在重新投資其資本，但其產生的回報率並沒有增加。而且，由於在過去五年中，該股票僅爲股東帶來了 18% 的總回報，投資者可能會認可這些趨勢。因此，如果您在尋找一個多倍增長的股票，我們建議您考慮其他選擇。
Long story short, while Alliant Energy has been reinvesting its capital, the returns that it's generating haven't increased. And investors may be recognizing these trends since the stock has only returned a total of 18% to shareholders over the last five years. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
Alliant Energy 確實存在一些風險，我們注意到其中 2 個 [警告信號]（和 1 個可能嚴重的信號），我們認爲您應該了解。
Alliant Energy does have some risks, we noticed 2 warning signs (and 1 which is potentially serious) we think you should know about.
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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.
如果您想尋找財務狀況良好、回報卓越的實力強企業，可以免費查看以下公司列表。
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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。