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Investors Met With Slowing Returns on Capital At Alliant Energy (NASDAQ:LNT)

Investors Met With Slowing Returns on Capital At Alliant Energy (NASDAQ:LNT)

Alliant Energy(纳斯达克股票代码:LNT)的投资者面临资本回报放缓的情况
Simply Wall St ·  03/12 09:12

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at Alliant Energy (NASDAQ:LNT) and its ROCE trend, we weren't exactly thrilled.

你知道有一些财务指标可以为潜在的多袋装袋者提供线索吗?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。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。有鉴于此,当我们研究Alliant Energy(纳斯达克股票代码:LNT)及其投资回报率趋势时,我们并不十分兴奋。

Understanding Return On Capital Employed (ROCE)

了解资本使用回报率 (ROCE)

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 Alliant Energy is:

对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。在 Alliant Energy 上进行此计算的公式为:

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)

0.048 = US$917m ÷ (US$21b - US$2.3b) (Based on the trailing twelve months to December 2023).

0.048 = 9.17亿美元 ÷(210亿美元-23亿美元) (基于截至2023年12月的过去十二个月)

Thus, Alliant Energy has an ROCE of 4.8%. On its own that's a low return on capital but it's in line with the industry's average returns of 4.6%.

因此,Alliant Energy的投资回报率为4.8%。这本身就是很低的资本回报率,但与该行业4.6%的平均回报率一致。

roce
NasdaqGS:LNT Return on Capital Employed March 12th 2024
纳斯达克GS: LNT 2024年3月12日动用资本回报率

In the above chart we have measured Alliant Energy'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 analyst report for Alliant Energy .

在上图中,我们将Alliant Energy先前的投资回报率与之前的表现进行了对比,但可以说,未来更为重要。如果你想了解分析师对未来的预测,你应该查看我们为Alliant Energy提供的免费分析师报告。

What The Trend Of ROCE Can Tell Us

ROCE 的趋势能告诉我们什么

The returns on capital haven't changed much for Alliant Energy in recent years. The company has employed 37% more capital in the last five years, and the returns on that capital have remained stable at 4.8%. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital.

近年来,Alliant Energy的资本回报率没有太大变化。在过去五年中,该公司雇用的资本增加了37%,该资本的回报率一直稳定在4.8%。鉴于该公司增加了动用资本金额,看来已经进行的投资根本无法提供很高的资本回报率。

The Bottom Line On Alliant Energy's ROCE

Alliant Energy的投资回报率的底线

In conclusion, Alliant Energy has been investing more capital into the business, but returns on that capital haven't increased. Unsurprisingly, the stock has only gained 23% over the last five years, which potentially indicates that investors are accounting for this going forward. As a result, if you're hunting for a multi-bagger, we think you'd have more luck elsewhere.

总之,Alliant Energy一直在向该业务投资更多资本,但该资本的回报率并未增加。毫不奇怪,该股在过去五年中仅上涨了23%,这可能表明投资者正在考虑未来的情况。因此,如果你正在寻找一台多袋装机,我们认为你在其他地方会有更多的运气。

Alliant Energy does have some risks, we noticed 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

Alliant Energy确实存在一些风险,我们注意到两个警告信号(其中一个不太适合我们),我们认为你应该知道。

While Alliant Energy may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.

尽管Alliant Energy目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这个免费清单。

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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.

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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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