Returns Are Gaining Momentum At TXNM Energy (NYSE:TXNM)
Returns Are Gaining Momentum At TXNM Energy (NYSE:TXNM)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, TXNM Energy (NYSE:TXNM) looks quite promising in regards to its trends of return on capital.
要找到一隻多倍股票,我們在業務上應該注意哪些潛在趨勢?首先,我們希望找到一個不斷增長的資本運營回報率(ROCE),並且隨之而來的是不斷增長的資本運營基數。最終,這證明這是一家以遞增的回報率再投資利潤的業務。所以,在這一點上,TXNm Energy(紐交所:TXNM)在資本回報率的趨勢方面似乎很有前景。
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 TXNM Energy, this is the formula:
如果你以前沒有使用過ROCE,它衡量了公司在業務中使用的資本的「回報」(稅前利潤)。要爲TXNm Energy計算這個指標,使用以下公式:
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。
0.024 = US$226m ÷ (US$11b - US$1.1b) (Based on the trailing twelve months to June 2024).
0.024 = 2.26億美元 ÷ (110億美元 - 11億美元)(基於截至2024年6月的過去十二個月)。
So, TXNM Energy has an ROCE of 2.4%. In absolute terms, that's a low return and it also under-performs the Electric Utilities industry average of 4.7%.
因此,TXNm Energy的ROCE爲2.4%。從絕對值上看,這是一個較低的回報率,同時也低於電力公用股行業的平均水平4.7%。
![big](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240904/0-c0f36ed92e88abc7da371af01597a09a-0-776cc645b2458573898320f348084be2.png/big)
Above you can see how the current ROCE for TXNM Energy 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 TXNM Energy for free.
以上是關於TXNm能源當前ROCE與過去資本回報率的比較,但從過去只能得到有限的信息。如果您願意,您可以免費查看覆蓋TXNm能源的分析師們的預測。
So How Is TXNM Energy's ROCE Trending?
那麼,TXNm能源的ROCE趨勢如何?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 2.4%. Basically the business is earning more per dollar of capital invested and in addition to that, 48% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
儘管ROCE在絕對值上仍然較低,但很高興看到它正在朝着正確的方向發展。數據顯示,在過去的五年中,資本運作的回報率顯著增長至2.4%。基本上,企業每投資一美元的資本收益更多,此外,現在投入的資本也增加了48%。在增長的資本上獲得不斷增加的回報是衆多成功股票的共同特點,這也是我們印象深刻的原因。
The Key Takeaway
重要提示
In summary, it's great to see that TXNM Energy can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And given the stock has remained rather flat over the last five years, there might be an opportunity here if other metrics are strong. So researching this company further and determining whether or not these trends will continue seems justified.
總而言之,很高興看到TXNm能源以不斷增長的回報率持續重新投資資本,因爲這些是備受追捧的多倍投資機會的關鍵要素之一。鑑於該股在過去的五年中表現相對平穩,如果其他指標強勁,可能有機會。因此,進一步研究該公司並確定這些趨勢是否會持續似乎是合理的。
One final note, you should learn about the 5 warning signs we've spotted with TXNM Energy (including 2 which shouldn't be ignored) .
最後,您應該了解關於TXNm能源的5個警示信號(包括2個不容忽視的信號)。
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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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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