Returns On Capital Are Showing Encouraging Signs At Atlas Energy Solutions (NYSE:AESI)
Returns On Capital Are Showing Encouraging Signs At Atlas Energy Solutions (NYSE:AESI)
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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, we've noticed some promising trends at Atlas Energy Solutions (NYSE:AESI) so let's look a bit deeper.
如何才能找到一隻能在長期內產生巨額回報的股票？首先，我們需要看公司資本回報率（ROCE) 的歷史和增長趨勢。其次，我們需要看公司重新投資的資本規模是否在不斷擴大。簡言之，這些公司是複利機器，他們會以越來越高的回報率不斷地重新投資他們的收益。因此，我們看到Atlas Energy Solutions（紐交所：AESI）有一些很有前途的趨勢，讓我們深入了解一下。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較，但過去只能知道這麼多。如果您感興趣，可以查看我們免費的蒙托克可再生能源分析師報告，了解分析師的預測。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Atlas Energy Solutions, this is the formula:
如果你以前沒有接觸過ROCE，它是一個衡量公司（稅前利潤）從投入到公司業務中的資本中獲得的回報的指標。爲計算Atlas Energy Solutions的這一指標，公式爲：
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。
0.13 = US$226m ÷ (US$1.9b - US$190m) (Based on the trailing twelve months to March 2024).
0.13 = US$22600萬 ÷ (US$19億 - US$190m) (截至2024年3月底的最近12個月的數據算出）。
So, Atlas Energy Solutions has an ROCE of 13%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Energy Services industry average of 12%.
因此，Atlas Energy Solutions的ROCE爲13％。就絕對返回來看，這是一個相當正常的回報，離能源服務行業平均值12％也不遠。
Above you can see how the current ROCE for Atlas Energy Solutions 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 Atlas Energy Solutions .
如上所示，你可以看到Atlas Energy Solutions的當前ROCE與其以往資本回報率相比的情況，但是從過去了解到的信息十分有限。如果你有興趣，你可以查看我們爲Atlas Energy Solutions編制的自由分析師報告中的分析師預測。
What Can We Tell From Atlas Energy Solutions' ROCE Trend?
我們從檔案的資本回報率趨勢中能看出什麼？
We like the trends that we're seeing from Atlas Energy Solutions. The numbers show that in the last three years, the returns generated on capital employed have grown considerably to 13%. Basically the business is earning more per dollar of capital invested and in addition to that, 270% more capital is being employed now too. So we're very much inspired by what we're seeing at Atlas Energy Solutions thanks to its ability to profitably reinvest capital.
我們很喜歡我們從Atlas Energy Solutions（紐交所：AESI）看到的趨勢。從數字上看，過去三年公司資本回報率以驚人的速度增長至13％。基本上，公司在每美元投資的情況下獲得的利潤更多。此外，現在重新投資的資本規模也增加了270％。因此，我們非常受到Atlas Energy Solutions能夠盈利性地重新投資資本的能力所鼓舞。
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。
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Atlas Energy Solutions has. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 10% return over the last year. In light of that, we think it's worth looking further into this stock because if Atlas Energy Solutions can keep these trends up, it could have a bright future ahead.
一個能夠持續增加資本回報率並能夠不斷重新投資的公司是一項非常受歡迎的特點，而Atlas Energy Solutions正是具備這一特點的公司。此外，投資者似乎期望公司未來會有更多的發展，因爲公司過去一年的股票回報率已達到10％。因此，我們認爲進一步深入研究這支股票非常值得，如果Atlas Energy Solutions能夠保持這些趨勢，它的前景將非常光明。
One more thing: We've identified 5 warning signs with Atlas Energy Solutions (at least 1 which is potentially serious) , and understanding them would certainly be useful.
還有一件事：我們已經確定了Atlas Energy Solutions的5個警告信號（至少有1個可能是嚴重的）可供參考。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
Hao Tian International Construction Investment Group確實存在一些風險，我們已經發現了一條警示標誌，你可能會感興趣。對於那些喜歡投資於實力雄厚的公司的人，可以查看這個由財務狀況強大、股本回報率高的公司組成的免費列表。
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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。
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譯文內容由第三人軟體翻譯。