Returns At Service Corporation International (NYSE:SCI) Appear To Be Weighed Down
Returns At Service Corporation International (NYSE:SCI) Appear To Be Weighed Down
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after investigating Service Corporation International (NYSE:SCI), we don't think it's current trends fit the mold of a multi-bagger.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。首先,我们希望看到经过验证的 返回 关于正在增加的资本使用率(ROCE),其次是扩大 基础 所用资本的比例。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。但是,在调查了国际服务公司(纽约证券交易所代码:SCI)之后,我们认为目前的趋势不符合多袋机的模式。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Service Corporation International:
如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。分析师使用以下公式来计算国际服务公司的计算公式:
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)
0.058 = US$921m ÷ (US$17b - US$726m) (Based on the trailing twelve months to March 2024).
0.058 = 9.21亿美元 ÷(170亿美元-7.26亿美元) (基于截至2024年3月的过去十二个月)。
Therefore, Service Corporation International has an ROCE of 5.8%. Ultimately, that's a low return and it under-performs the Consumer Services industry average of 7.6%.
因此,国际服务公司的投资回报率为5.8%。归根结底,这是一个低回报,其表现低于消费者服务行业7.6%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240523/0-5c9515eaac7bf127aac35acc7a85dced-0-38e92052bcf56f1f351e7c10106ca680.png/big)
Above you can see how the current ROCE for Service Corporation International 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 Service Corporation International .
上面你可以看到国际服务公司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。如果你有兴趣,可以在我们为国际服务公司提供的免费分析师报告中查看分析师的预测。
What Can We Tell From Service Corporation International's ROCE Trend?
我们可以从国际服务公司的投资回报率趋势中得出什么?
There are better returns on capital out there than what we're seeing at Service Corporation International. The company has employed 28% more capital in the last five years, and the returns on that capital have remained stable at 5.8%. 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.
那里的资本回报率比我们在国际服务公司看到的要好。在过去五年中,该公司雇用的资本增加了28%,该资本的回报率一直稳定在5.8%。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。
In Conclusion...
总之...
Long story short, while Service Corporation International has been reinvesting its capital, the returns that it's generating haven't increased. Although the market must be expecting these trends to improve because the stock has gained 80% over the last five years. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high.
长话短说,尽管国际服务公司一直在对其资本进行再投资,但其产生的回报并没有增加。尽管市场必须预期这些趋势会有所改善,因为该股在过去五年中上涨了80%。但是,如果这些潜在趋势的发展轨迹继续下去,我们认为从现在起它成为多股势力的可能性并不高。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Service Corporation International (of which 1 can't be ignored!) that you should know about.
由于几乎每家公司都面临一些风险,因此值得了解它们是什么,我们已经发现了国际服务公司的两个警告信号(其中一个不容忽视!)你应该知道的。
While Service Corporation International isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
尽管Service Corporation International的回报率并不高,但请查看这份免费清单,列出了资产负债表稳健的股本回报率高的公司。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。