EOG Resources (NYSE:EOG) Is Achieving High Returns On Its Capital
EOG Resources (NYSE:EOG) Is Achieving High Returns On Its Capital
0.23 = US$9.4b ÷ (US$45b - US$4.6b) What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. So when we looked at the ROCE trend of EOG Resources (NYSE:EOG) we really liked what we saw.
我們應該關注哪些早期趨勢，以確定哪些股票在長期內可能會增值？理想情況下，一家企業將展現兩種趨勢；首先是不斷增長的資本僱用回報率（ROCE），其次是日益增加的資本僱用量。如果您看到這一點，通常意味着這是一傢俱有出色商業模式和大量有利可圖的再投資機會的公司。所以當我們看到eog能源（紐交所：EOG）的ROCE趨勢時，我們真的很喜歡我們看到的。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for EOG Resources:
如果您不確定，ROCE是衡量公司在其業務中投資的資本所獲得的稅前收入（以百分比表示）的度量標準。分析師使用此公式爲eog能源計算ROCE：
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。
0.23 = US$9.4b ÷ (US$45b - US$4.6b) (Based on the trailing twelve months to June 2024).
0.23 = 94億美元 ÷ （450億美元 - 46億美元）（以2024年6月的過去十二個月爲基礎）。
Thus, EOG Resources has an ROCE of 23%. That's a fantastic return and not only that, it outpaces the average of 12% earned by companies in a similar industry.
因此，eog能源的ROCE爲23%。這是一個極好的回報，不僅如此，它還超過了同行業公司平均12%的水平。
Above you can see how the current ROCE for EOG Resources 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 EOG Resources for free.
在這裏，您可以看到 eog能源 目前的資本回報率（ROCE）與其之前的資本回報率相比如何，但從過去中能得出的信息有限。如果您願意，您可以免費查看覆蓋 eog能源 的分析師的預測。
What Can We Tell From EOG Resources' ROCE Trend?
我們從 eog能源 的ROCE趨勢中能得出什麼？
We like the trends that we're seeing from EOG Resources. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 23%. Basically the business is earning more per dollar of capital invested and in addition to that, 30% more capital is being employed now too. So we're very much inspired by what we're seeing at EOG Resources thanks to its ability to profitably reinvest capital.
我們喜歡從 eog能源 看到的趨勢。數字顯示，在過去的五年中，資本使用所創造的回報大幅增長至23%。基本上，企業每投資一美元就能賺更多，此外，現在使用的資本也增加了30%。因此，我們非常受到 eog能源 能夠有利可圖地重新投資資本的能力所啓發。
The Key Takeaway
重要提示
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 EOG Resources has. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if EOG Resources can keep these trends up, it could have a bright future ahead.
一家不斷增加資本回報率並能持續重新投資的公司是一種備受追捧的特質，而這正是 eog能源 所具備的。而且，在過去五年中，股價表現出色，這些模式正在被投資者所考慮。鑑於這一點，我們認爲值得進一步研究這支股票，因爲如果 eog能源 能夠繼續保持這種趨勢，它可能會有一個輝煌的未來。
EOG Resources does come with some risks though, we found 3 warning signs in our investment analysis, and 1 of those is a bit concerning...
然而， eog能源 確實存在一些風險，我們在投資分析中發現了3個警告信號，其中一個有點令人擔憂...
EOG Resources is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.
eog能源 不是唯一一家獲得高回報的公司。如果您想查看更多，請查看我們列出的那些擁有紮實基本面的股票公司名單。
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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。
譯文內容由第三人軟體翻譯。