Dollar General (NYSE:DG) Will Want To Turn Around Its Return Trends
Dollar General (NYSE:DG) Will Want To Turn Around Its Return Trends
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. However, after investigating Dollar General (NYSE:DG), we don't think it's current trends fit the mold of a multi-bagger.
寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。理想情况下,企业将表现出两种趋势;首先是增长 返回 论资本使用率(ROCE),其次是增加 金额 所用资本的百分比。基本上,这意味着一家公司有可以继续进行再投资的盈利计划,这是复合机的一个特征。但是,经过调查 美元将军 (纽约证券交易所代码:DG),我们认为目前的趋势不符合多袋机的模式。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Dollar General is:
对于那些不知道的人来说,投资回报率是衡量公司相对于企业所用资本的年度税前利润(回报率)的指标。Dollar General 的计算公式为:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用资本回报率 = 利息和税前收益 (EBIT) ÷(总资产-流动负债)
0.14 = US$3.3b ÷ (US$29b - US$5.9b) (Based on the trailing twelve months to February 2023).
0.14 = 33 亿美元 ≥(290 亿美元至 59 亿美元) (基于截至2023年2月的过去十二个月)。
Therefore, Dollar General has an ROCE of 14%. On its own, that's a standard return, however it's much better than the 11% generated by the Consumer Retailing industry.
因此, Dollar General的投资回报率为14%。 就其本身而言,这是标准回报,但要比消费零售行业产生的11%要好得多。
Check out our latest analysis for Dollar General
看看我们对 Dollar General 的最新分析
In the above chart we have measured Dollar General's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Dollar General.
在上图中,我们将Dollar General之前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果你想看看分析师对未来的预测,你应该看看我们的 免费的 Dollar General 的报告。
So How Is Dollar General's ROCE Trending?
那么 Dollar General 的 ROCE 趋势如何?
In terms of Dollar General's historical ROCE movements, the trend isn't fantastic. Over the last five years, returns on capital have decreased to 14% from 21% five years ago. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. If these investments prove successful, this can bode very well for long term stock performance.
就Dollar General的历史回报率走势而言,这种趋势并不理想。在过去五年中,资本回报率从五年前的21%下降到14%。但是,鉴于收入和业务中使用的资产数量均有所增加,这可能表明该公司正在投资增长,而额外的资本导致了投资回报率的短期下降。如果这些投资证明是成功的,这对于股票的长期表现来说是个好兆头。
Our Take On Dollar General's ROCE
我们对 Dollar General ROCE 的看法
Even though returns on capital have fallen in the short term, we find it promising that revenue and capital employed have both increased for Dollar General. And long term investors must be optimistic going forward because the stock has returned a huge 131% to shareholders in the last five years. So while investors seem to be recognizing these promising trends, we would look further into this stock to make sure the other metrics justify the positive view.
尽管短期内资本回报率有所下降,但我们发现Dollar General的收入和资本使用量都有所增加,这很有希望。长期投资者必须对未来持乐观态度,因为该股在过去五年中为股东带来了131%的巨额回报。因此,尽管投资者似乎意识到了这些令人鼓舞的趋势,但我们将进一步研究这只股票,以确保其他指标证明积极看法是合理的。
On a final note, we've found 1 warning sign for Dollar General that we think you should be aware of.
最后一点,我们发现 Dollar General 有 1 个警告 我们认为你应该意识到这一点。
While Dollar General isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然 Dollar General 的回报率不高,但看看这个 免费的 资产负债表稳健且股本回报率高的公司名单。
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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,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面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公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。
译文内容由第三方软件翻译。