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Returns On Capital At Quanta Services (NYSE:PWR) Have Hit The Brakes

Returns On Capital At Quanta Services (NYSE:PWR) Have Hit The Brakes

廣達服務(紐約證券交易所代碼:PWR)的資本回報率已經停滯不前
Simply Wall St ·  05/21 22:54

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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, the ROCE of Quanta Services (NYSE:PWR) looks decent, right now, so lets see what the trend of returns can tell us.

要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?首先,我們想找一個正在成長的 返回 關於已用資本(ROCE),然後除此之外,還不斷增加 基礎 所用資本的比例。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。考慮到這一點,廣達服務(紐約證券交易所代碼:PWR)的投資回報率目前看起來不錯,所以讓我們看看回報趨勢能告訴我們什麼。

Return On Capital Employed (ROCE): What Is It?

資本使用回報率(ROCE):這是什麼?

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. Analysts use this formula to calculate it for Quanta Services:

對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。分析師使用以下公式來計算廣達服務的金額:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)

0.10 = US$1.1b ÷ (US$16b - US$4.8b) (Based on the trailing twelve months to March 2024).

0.10 = 11億美元 ÷(160億美元-48億美元) (基於截至2024年3月的過去十二個月)

Thus, Quanta Services has an ROCE of 10%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Construction industry average of 12%.

因此,廣達服務的投資回報率爲10%。從絕對值來看,這是一個相當正常的回報,略接近建築業12%的平均水平。

roce
NYSE:PWR Return on Capital Employed May 21st 2024
紐約證券交易所:PWR 2024年5月21日動用資本回報率

Above you can see how the current ROCE for Quanta Services compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Quanta Services .

上面你可以看到廣達服務當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果您想了解分析師對未來的預測,則應查看我們的免費Quanta Services分析師報告。

The Trend Of ROCE

ROCE 的趨勢

The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has employed 82% more capital in the last five years, and the returns on that capital have remained stable at 10%. Since 10% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.

ROCE的趨勢並不突出,但總體回報還是不錯的。在過去五年中,該公司僱用的資本增加了82%,該資本的回報率一直穩定在10%。但是,由於10%的投資回報率適中,因此很高興看到企業能夠繼續以如此可觀的回報率進行再投資。在很長一段時間內,這樣的回報可能不會太令人興奮,但只要保持一致,它們可以在股價回報方面獲得回報。

Our Take On Quanta Services' ROCE

我們對廣達服務投資回報率的看法

In the end, Quanta Services has proven its ability to adequately reinvest capital at good rates of return. And long term investors would be thrilled with the 673% return they've received over the last five years. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.

最終,廣達服務已證明其有能力以良好的回報率對資本進行充分再投資。長期投資者會對他們在過去五年中獲得的673%的回報感到興奮。因此,儘管積極的潛在趨勢可能由投資者解釋,但我們仍然認爲該股值得進一步研究。

Quanta Services does have some risks though, and we've spotted 2 warning signs for Quanta Services that you might be interested in.

但是,Quanta Services確實存在一些風險,我們發現了兩個你可能會感興趣的廣達服務警告信號。

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.

如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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