Investors Should Be Encouraged By Magnolia Oil & Gas' (NYSE:MGY) Returns On Capital
Investors Should Be Encouraged By Magnolia Oil & Gas' (NYSE:MGY) Returns On Capital
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. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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. So when we looked at the ROCE trend of Magnolia Oil & Gas (NYSE:MGY) we really liked what we saw.
如果你不确定下一个多倍赢家的选择从哪里开始,有几个关键趋势你应该密切关注。通常,我们会想要注意到回报率越来越高(ROCE),而在这个基础上,资本利用率的不断扩大。这向我们展示了它是一个复合机器,能够将其收益不断地再投资到业务中,实现更高的回报。因此,当我们研究磨棒石油公司(NYSE:MGY)的ROCE趋势时,我们真的很喜欢我们看到的。
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。
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. To calculate this metric for Magnolia Oil & Gas, this is the formula:
对于那些不知道的人,ROCE是衡量公司每年税前利润(回报率)与业务中使用的资本的相对值的标准。要为Magnolia Oil & Gas计算该指标,可以使用以下公式:
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。
0.22 = US$532m ÷ (US$2.8b - US$350m) (Based on the trailing twelve months to March 2024).
0.22 = US$53200万 ÷ (US$28亿 - US$350m)(基于过去12个月至2024年3月的数据)。
Thus, Magnolia Oil & Gas has an ROCE of 22%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 12%.
因此,磨棒石油公司的ROCE为22%。就绝对值而言,这是一个很好的回报,甚至比石油和天然气行业的平均值(12%)更好。
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Above you can see how the current ROCE for Magnolia Oil & Gas compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Magnolia Oil & Gas .
在上面的内容中,您可以看到磨棒石油公司当前的ROCE如何与以前的资本回报相比,但过去只能揭示有限的信息。如果您想了解分析师们未来的预测,请查看我们为磨棒石油公司提供的免费分析师报告。
So How Is Magnolia Oil & Gas' ROCE Trending?
磨棒石油公司ROCE的趋势如何?
You'd find it hard not to be impressed with the ROCE trend at Magnolia Oil & Gas. The data shows that returns on capital have increased by 151% over the trailing five years. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. Speaking of capital employed, the company is actually utilizing 24% less than it was five years ago, which can be indicative of a business that's improving its efficiency. Magnolia Oil & Gas may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.
你会很难不被磨棒石油公司ROCE趋势所影响。数据显示,过去五年中,资本回报增长了151%。这并不是坏事,因为这表明每投入一美元的资本利用率,该公司从中的利润也在增加。说到资本利用率,该公司实际上比五年前少用了24%,这可以表明业务正在提高效率。磨棒石油公司可能正在出售一些资产,因此值得调查一下该业务是否有计划未来投资以进一步增加回报。
Our Take On Magnolia Oil & Gas' ROCE
我们对磨棒石油公司的ROCE看法
In the end, Magnolia Oil & Gas has proven it's capital allocation skills are good with those higher returns from less amount of capital. Since the stock has returned a staggering 142% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
最终,磨棒石油公司证明了其资本配置技巧是好的,因为利用更少的资本获得了更高的回报。由于该股票在过去五年中回报了惊人的142%,看来投资者正在认识到这些变化。因此,我们认为值得您花费时间去了解这些趋势是否会继续。
If you'd like to know about the risks facing Magnolia Oil & Gas, we've discovered 2 warning signs that you should be aware of.
如果您想了解磨棒石油公司面临的风险,我们发现了2个警告信号,您应该注意一下。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司获得高回报,请在此查看我们免费的高回报、坚实财务状况的公司列表。
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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
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。