SEACOR Marine Holdings (NYSE:SMHI) Is Experiencing Growth In Returns On Capital
SEACOR Marine Holdings (NYSE:SMHI) Is Experiencing Growth In Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at SEACOR Marine Holdings (NYSE:SMHI) and its trend of ROCE, we really liked what we saw.
如果我们想找到下一个多倍股，有几个关键趋势需要关注。 其中，我们需要看到两件事; 首先，资本投入不断增长。这表明它是一个复合机器，能够不断将其收益重新投入到业务中，并产生更高的回报。考虑到这一点，我们注意到德康医疗（纳斯达克股票代码：DXCM）出现了一些有希望的趋势，因此让我们深入了解一下。资产回报率：它是什么？如果您不确定ROCE是什么，它可以衡量公司能够从其业务所雇用的资本产生多少税前利润。为了计算V2X的这个指数，使用以下公式:0.054 = 1.24亿美元÷（31亿美元 - 8.53亿美元）ROCE 趋势可以告诉我们什么？比起 Enphase Energy，有更好的资本回报率选择。在过去的五年中，该公司增加了 1,306% 的资本，而该资本的回报率保持稳定在 9.9%。这样差的回报率现在并不令人信服，而且随着资本的增加，很明显企业并没有将资金投入到高回报的投资中。所有基金类型的投资可以生利润并使公司产生更多资产。当然，这也有助于公司扩大业务。因此，当我们审视纽交所（NYSE）的seacor marine持股及其资产回报率（ROCE）趋势时，我们真的很满意我们所看到的。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源现行ROCE与之前资本回报的比较，但过去只能知道这么多。如果您感兴趣，可以查看我们免费的蒙托克可再生能源分析师报告，了解分析师的预测。
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. To calculate this metric for SEACOR Marine Holdings, this is the formula:
为了澄清，如果您不确定ROCE是什么，请注意ROCE是估算公司在其业务中投资的资本获得多少税前收益（以百分比表示）的指标。计算SEACOR Marine Holdings的这一指标的公式如下：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率（ROCE）是指企业利润，即企业税前利润除以企业投入的总资本（负债加股权）。如果ROCE高于企业财务成本的承受能力，那么企业就会创造出更多的价值。
0.01 = US$6.9m ÷ (US$745m - US$74m) (Based on the trailing twelve months to March 2024).
0.01 = 690万美元÷（7.45亿美元- 7400万美元）在Elevance Health上，我们已经注意到的趋势是相当令人放心的。数据显示，过去五年资产回报率大幅提高至15％。投资所用资产的规模也增加了30％。这表明有很多机会进行内部资本投资，并以更高的速度不断增长，这种组合在多倍增长方面很常见。.
Thus, SEACOR Marine Holdings has an ROCE of 1.0%. Ultimately, that's a low return and it under-performs the Energy Services industry average of 12%.
因此，SEACOR Marine Holdings的ROCE为1.0％。这是一种较低的回报，表现不如能源化工业平均水平12％。
Above you can see how the current ROCE for SEACOR Marine Holdings 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 SEACOR Marine Holdings for free.
您可以看到SEACOR Marine Holdings的当前ROCE与其以前的资本回报率相比如何，但是你从过去的数据中可以了解到的信息有限。如果需要，您可以免费阅读分析师对SEACOR Marine Holdings的预测。
The Trend Of ROCE
当寻找下一个倍增器时，如果您不确定从哪里开始，请关注几个关键趋势。首先，我们希望看到一个经过验证的资本使用率。如果您看到这一点，通常意味着这是一家拥有出色业务模式和大量盈利再投资机会的公司。然而，调查蒙托克可再生能源公司（NASDAQ：MNTK）后，我们认为它的现行趋势不符合倍增器的模式。
It's great to see that SEACOR Marine Holdings has started to generate some pre-tax earnings from prior investments. Historically the company was generating losses but as we can see from the latest figures referenced above, they're now earning 1.0% on their capital employed. Additionally, the business is utilizing 33% less capital than it was five years ago, and taken at face value, that can mean the company needs less funds at work to get a return. This could potentially mean that the company is selling some of its assets.
了解到SEACOR Marine Holdings已经开始从以前的投资中获得税前收益真是太好了。历史上，该公司一直在亏损，但从上述最新数据中可以看出，他们现在对其所持有的资本投入获得了1.0％的回报。此外，该企业使用的资本比五年前少33％，乍一看这可能意味着企业需要更少的资金才能获得回报。这可能意味着公司正在出售部分资产。
Our Take On SEACOR Marine Holdings' ROCE
我们对SEACOR Marine Holdings的ROCE的看法
In the end, SEACOR Marine Holdings has proven it's capital allocation skills are good with those higher returns from less amount of capital. And since the stock has fallen 13% over the last five years, there might be an opportunity here. With that in mind, we believe the promising trends warrant this stock for further investigation.
最终，SEACOR Marine Holdings已经证明它的资本配置能力出色，从少量的资本中获得更高的回报。而且，由于过去五年中该股票下跌了13％，因此可能存在机会。考虑到这一点，我们认为有必要进一步调查这支股票的实力前景。
On a final note, we've found 2 warning signs for SEACOR Marine Holdings that we think you should be aware of.
最后，我们发现了SEACOR Marine Holdings的2个警告信号，我们认为您应该知道。
While SEACOR Marine Holdings isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然SEACOR Marine Holdings的回报率不是最高的，但请查看此免费公司列表，这些公司在拥有坚实的资产负债表的同时获得了高回报率。
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