Here's What To Make Of SiteOne Landscape Supply's (NYSE:SITE) Decelerating Rates Of Return
Here's What To Make Of SiteOne Landscape Supply's (NYSE:SITE) Decelerating Rates Of Return
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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. With that in mind, the ROCE of SiteOne Landscape Supply (NYSE:SITE) looks decent, right now, so lets see what the trend of returns can tell us.
如果我们想找到一只可以长期成倍增长的股票,我们应该寻找哪些潜在趋势?首先,我们想找一个正在成长的 返回 关于已用资本(ROCE),然后除此之外,还不断增加 基础 所用资本的比例。归根结底,这表明这是一家以更高的回报率对利润进行再投资的企业。考虑到这一点,SiteOne景观供应公司(纽约证券交易所代码:SITE)的投资回报率目前看起来不错,所以让我们看看回报趋势能告诉我们什么。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(ROCE)?
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. To calculate this metric for SiteOne Landscape Supply, this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。要计算 SiteOne 景观供应的这个指标,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)
0.11 = US$250m ÷ (US$2.8b - US$578m) (Based on the trailing twelve months to December 2023).
0.11 = 2.5亿美元 ÷(28亿美元-5.78亿美元) (基于截至2023年12月的过去十二个月)。
Therefore, SiteOne Landscape Supply has an ROCE of 11%. That's a relatively normal return on capital, and it's around the 13% generated by the Trade Distributors industry.
因此,SiteOne景观供应的投资回报率为11%。这是相对正常的资本回报率,约为贸易分销商行业产生的13%。
Above you can see how the current ROCE for SiteOne Landscape Supply compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for SiteOne Landscape Supply .
在上方,您可以看到SiteOne Landscapy Supply当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果您有兴趣,可以在我们的SiteOne Landscape Supply免费分析师报告中查看分析师的预测。
What Does the ROCE Trend For SiteOne Landscape Supply Tell Us?
SiteOne景观供应的投资回报率趋势告诉我们什么?
The trend of ROCE doesn't stand out much, but returns on a whole are decent. Over the past five years, ROCE has remained relatively flat at around 11% and the business has deployed 153% more capital into its operations. 11% is a pretty standard return, and it provides some comfort knowing that SiteOne Landscape Supply has consistently earned this amount. 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的趋势并不突出,但总体回报还是不错的。在过去的五年中,投资回报率一直保持相对平稳,约为11%,该业务在运营中投入的资本增加了153%。11%的回报率相当标准,知道SiteOne Landscapy Supply一直赚取这笔钱,这让人感到欣慰。在很长一段时间内,这样的回报可能不会太令人兴奋,但只要保持一致,它们可以在股价回报方面获得回报。
What We Can Learn From SiteOne Landscape Supply's ROCE
我们可以从SiteOne景观供应公司的投资回报率中学到什么
The main thing to remember is that SiteOne Landscape Supply has proven its ability to continually reinvest at respectable rates of return. On top of that, the stock has rewarded shareholders with a remarkable 224% return to those who've held over the last five years. So even though the stock might be more "expensive" than it was before, we think the strong fundamentals warrant this stock for further research.
要记住的主要事情是,SiteOne景观供应已经证明了其持续以可观的回报率进行再投资的能力。最重要的是,该股为股东提供了在过去五年中持股的224%的惊人回报率。因此,尽管该股可能比以前更 “昂贵”,但我们认为强劲的基本面值得该股进行进一步研究。
One more thing to note, we've identified 1 warning sign with SiteOne Landscape Supply and understanding it should be part of your investment process.
还有一件事需要注意,我们已经向SiteOne Landscape Supply确定了1个警告标志,并知道它应该成为您投资过程的一部分。
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.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。