Returns At Mohawk Industries (NYSE:MHK) Appear To Be Weighed Down
Returns At Mohawk Industries (NYSE:MHK) Appear To Be Weighed Down
What trends should we look for it we want to identify stocks that can multiply in value over the long term? 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. In light of that, when we looked at Mohawk Industries (NYSE:MHK) and its ROCE trend, we weren't exactly thrilled.
如果我们想要找到能够长期增值的股票,我们应该关注哪些趋势?我们希望看到两个主要的因素:首先,资本使用回报率(ROCE)的增长;其次,公司使用的资本数量的扩大。这最终表明这是一个以递增的回报率重新投资利润的企业。考虑到这一点,当我们看莫霍克工业(纽交所:MHK)及其ROCE趋势时,并不是非常令人兴奋。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法:正如我们上面看到的,Enphase Energy 的资本回报率没有提高,但它正在重新投资于业务。投资者必须认为未来会有更好的前景,因为股票表现良好,使持股五年以上的股东获得了 690% 的收益。最终,如果基本趋势持续存在,我们不会对它成为一只多头股持有期很久很有信心。
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 Mohawk Industries, this is the formula:
对于那些不了解的人,ROCE是一个衡量公司年度税前利润(回报)与企业使用的资本相对关系的指标。要计算莫霍克工业的这个指标,使用如下公式:
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。
0.084 = US$871m ÷ (US$13b - US$2.9b) (Based on the trailing twelve months to June 2024).
0.084 = 87100 million美元 ÷ (130亿美元 - 2.9亿美元)(基于截至2024年6月的过去12个月)。
Thus, Mohawk Industries has an ROCE of 8.4%. Ultimately, that's a low return and it under-performs the Consumer Durables industry average of 14%.
因此,莫霍克工业的ROCE为8.4%。从长远来看,这是一个较低的回报率,低于耐用消费品行业平均水平14%。
![1724767552465](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240827/42950572-0-ab978c8aef33827a2e3ac7cb22cc3abb.webp/bigjpg)
Above you can see how the current ROCE for Mohawk Industries 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 Mohawk Industries .
您可以看到莫霍克工业公司当前的ROCE与其以往资本回报的比较情况,但从过去获得的信息有其局限性。如果您有兴趣,可以在我们为莫霍克工业公司提供的免费的分析师报告中查看分析师的预测。
How Are Returns Trending?
综合上述,Cimpress非常有效地提高了其资本利用率所产生的回报。考虑到股票过去五年保持稳定,如果其他指标也不错,则可能存在机会。因此,进一步研究这家公司并确定这些趋势是否会持续是合理的。
There hasn't been much to report for Mohawk Industries' returns and its level of capital employed because both metrics have been steady for the past five years. Businesses with these traits tend to be mature and steady operations because they're past the growth phase. With that in mind, unless investment picks up again in the future, we wouldn't expect Mohawk Industries to be a multi-bagger going forward.
莫霍克工业公司的回报和资本运用水平近五年来一直保持稳定,因此没有太多可报告的内容。拥有这些特点的企业往往是成熟且稳定的运营,因为它们已经过了增长阶段。考虑到这一点,除非未来投资再次增加,我们预计莫霍克工业公司在未来不会成为多赚几倍的股票。
The Key Takeaway
重要提示
We can conclude that in regards to Mohawk Industries' returns on capital employed and the trends, there isn't much change to report on. And with the stock having returned a mere 30% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
我们可以得出结论,就莫霍克工业公司的资本运用回报和趋势而言,没有太多变化值得报告。而且,过去五年股票仅为股东带来了30%的回报,你可以说他们已经意识到这些不尽如人意的趋势。因此,如果你正在寻找多赚几倍的股票,我们建议考虑其他选择。
One more thing, we've spotted 1 warning sign facing Mohawk Industries that you might find interesting.
还有一件事,我们发现莫霍克工业公司面临1个警示信号,你可能会感兴趣。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想寻找财务状况良好、回报卓越的实力强企业,可以免费查看以下公司列表。
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