Teekay Tankers (NYSE:TNK) Is Achieving High Returns On Its Capital
Teekay Tankers (NYSE:TNK) Is Achieving High Returns On Its Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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, the ROCE of Teekay Tankers (NYSE:TNK) looks great, so lets see what the trend can tell us.
如果我們想要識別可以在長期內增值的股票,應該關注哪些趨勢呢?在一個完美的世界中,我們希望看到公司將更多資本投入到業務中,而且最好是從資本投入中獲得的回報也在增加。簡而言之,這些類型的企業是複利機器,意味着它們不斷以越來越高的回報率重新投資其收益。考慮到這一點,Teekay Tankers(紐交所:TNK)的資本回報率(ROCE)看起來很不錯,讓我們看看趨勢能告訴我們什麼。
Return On Capital Employed (ROCE): What Is It?
資本利用率(ROCE)是什麼?
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. To calculate this metric for Teekay Tankers, this is the formula:
對於那些不了解的人,ROCE是衡量一家公司年度稅前利潤(其回報)與業務中使用的資本相關的指標。要爲Teekay Tankers計算這個指標,以下是公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)
0.22 = US$391m ÷ (US$1.9b - US$101m) (Based on the trailing twelve months to September 2024).
0.22 = 39100萬美元 ÷ (19億美元 - 1.01 億美元)(基於2024年9月前十二個月)。
Therefore, Teekay Tankers has an ROCE of 22%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 12%.
因此,Teekay Tankers的ROCE爲22%。從絕對值來看,這是一個很好的回報,甚至比石油和天然氣行業的平均12%還要好。
Above you can see how the current ROCE for Teekay Tankers 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 Teekay Tankers for free.
在這裏,您可以看到Teekay Tankers目前的ROCE與其以往資本回報率相比,但過去的數據只能告訴您有限的信息。如果您願意,您可以免費查看覆蓋Teekay Tankers的分析師的預測。
So How Is Teekay Tankers' ROCE Trending?
那麼Teekay Tankers的ROCE趨勢如何?
Teekay Tankers has not disappointed with their ROCE growth. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 449% in that same time. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
Teekay Tankers在ROCE增長方面表現不錯。具體來說,雖然公司在過去五年裏保持了相對穩定的資本運用,但ROCE在同一時間內上漲了449%。基本上,該業務從相同數量的資本中獲得了更高的回報,這證明了公司效率的改善。從這個意義上說,公司的表現不錯,值得進一步調查管理團隊對長期增長前景的規劃。
In Conclusion...
最後,同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好,因此投資者不太可能表現友好。自五年前以來,該股下跌了32%。除非這些指標朝着更積極的軌跡轉變,否則我們將繼續尋找其他股票。
As discussed above, Teekay Tankers appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And a remarkable 163% total return over the last five years tells us that investors are expecting more good things to come in the future. In light of that, we think it's worth looking further into this stock because if Teekay Tankers can keep these trends up, it could have a bright future ahead.
如上所述,Teekay Tankers似乎越來越擅長創造回報,因爲資本運用保持平穩,但收益(利息和稅前)卻在增長。在過去五年裏,驚人的163%總回報告訴我們投資者預期未來會有更多好事發生。鑑於此,我們認爲值得進一步研究這支股票,因爲如果Teekay Tankers能保持這些趨勢,它可能會有輝煌的未來。
Teekay Tankers does have some risks, we noticed 2 warning signs (and 1 which can't be ignored) we think you should know about.
Teekay Tankers確實存在一些風險,我們注意到了2個警告信號(還有1個不容忽視的),我們認爲您應該了解。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司獲得高回報,請在此查看我們免費的高回報、堅實財務狀況的公司列表。
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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?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。