WEC Energy Group (NYSE:WEC) Is Looking To Continue Growing Its Returns On Capital
WEC Energy Group (NYSE:WEC) Is Looking To Continue Growing Its Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, WEC Energy Group (NYSE:WEC) looks quite promising in regards to its trends of return on capital.
要想找到潜在的大幅成长的企业并不容易,但如果我们关注一些关键的财务指标,这是可能的。理想情况下,一家企业将展现两种趋势:首先是资本使用增长。这向我们展示了它是一个复合机器,能够不断地将其盈利重新投入到业务中并产生更高的回报。考虑到这一点,河南玉光金铅股份有限公司(上交所:600531)的ROCE看起来不错,所以让我们看看回报的趋势能告诉我们些什么。资产回报率:它是什么?资本使用率回报(ROCE)是什么?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。基本上这意味着公司有盈利的举措可以持续再投资,这是一个复利机器的特质。 因此,在资本回报方面,威斯康星能源集团(纽交所:WEC)的趋势看起来非常有前途。
Return On Capital Employed (ROCE): What Is It?
资本雇用回报率(ROCE)是什么?
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. The formula for this calculation on WEC Energy Group is:
对于那些不确定ROCE是什么的人来说,它衡量的是公司从其业务中所使用的资本中能够产生的税前利润金额。在威斯康星能源集团的计算公式是:
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。
0.059 = US$2.3b ÷ (US$44b - US$4.7b) (Based on the trailing twelve months to March 2024).
0.059 = 23亿美元 ÷ (440亿美元 - 47亿美元)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。.
Therefore, WEC Energy Group has an ROCE of 5.9%. On its own, that's a low figure but it's around the 5.0% average generated by the Integrated Utilities industry.
因此,威斯康星能源集团的ROCE为5.9%。就其本身而言,这个数字较低,但它接近综合公用事业业平均水平5.0%所产生的利润。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240617/0-1f0e51fc0028755276af9eed85354739-0-854163eb3dfcb8b9bfa498ea2b662b45.png/big)
Above you can see how the current ROCE for WEC Energy Group 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 WEC Energy Group .
您可以看到WEC Energy Group目前的ROCE与以前的资本回报率相比如何,但从过去只能了解有限的信息。如果感兴趣,您可以查看我们针对WEC Energy Group的免费分析师报告中的分析师预测。
What Does the ROCE Trend For WEC Energy Group Tell Us?
威斯康星能源集团ROCE的趋势告诉我们什么?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 5.9%. The amount of capital employed has increased too, by 27%. So we're very much inspired by what we're seeing at WEC Energy Group thanks to its ability to profitably reinvest capital.
尽管ROCE在绝对数值上仍然较低,但很高兴看到它正朝着正确的方向发展。数据显示,在过去的五年中,资本回报率已经大幅增加到5.9%。所使用的资本也增加了27%。因此,我们非常赞赏威斯康星能源集团由于其能够盈利地再投资资本而所看到的情况。
The Bottom Line
还有一件事需要注意的是,我们已经确定了上海医药的2个警告信号,了解这些信号应该成为你的投资过程的一部分。
All in all, it's terrific to see that WEC Energy Group is reaping the rewards from prior investments and is growing its capital base. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 8.1% to shareholders. So with that in mind, we think the stock deserves further research.
总而言之,高兴地看到WEC Energy Group从之前的投资中获得回报并扩大其资本基础。投资者可能还没有对良好的基本趋势产生印象,因为在过去的五年中,该股票仅向股东提供了8.1%的回报。因此,我们认为这支股票值得进一步研究。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for WEC Energy Group (of which 1 shouldn't be ignored!) that you should know about.
由于几乎每家公司都面临一定的风险,因此了解这些风险是值得的。我们已经发现了有关威斯康星能源集团的2个警示信号(其中1个不应被忽视!),你必须了解。
While WEC Energy Group 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.
虽然WEC能源集团目前的收益率可能不是最高的,但我们已经编制了一份目前收益率超过25%的公司列表。在这里查看这个免费列表。
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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