Returns At Hess (NYSE:HES) Are On The Way Up
Returns At Hess (NYSE:HES) Are On The Way Up
0.19 = US$4.4b ÷ (US$26b - US$3.0b) What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. With that in mind, we've noticed some promising trends at Hess (NYSE:HES) so let's look a bit deeper.
我们应该关注哪些早期趋势，以确定一个股票是否有潜力长期增值？理想情况下，一个企业将呈现两种趋势；首先是不断增长的资本利润率（ROCE），其次是不断增加的资本利用率。这向我们表明这是一个复利机器，能够不断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，我们已经注意到在Hess（纽交所:HES）有一些有希望的趋势，所以让我们深入了解一下。
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 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. To calculate this metric for Hess, this is the formula:
对于那些不清楚什么是ROCE的人，ROCE衡量的是公司能从其业务中使用的资本产生的税前利润量。要为Hess计算这个指标，这是公式：
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。
0.19 = US$4.4b ÷ (US$26b - US$3.0b) (Based on the trailing twelve months to June 2024).
0.19 = 440亿美元 ÷ （260亿美元 - 30亿美元）（基于截至2024年6月的过去十二个月）。
So, Hess has an ROCE of 19%. On its own, that's a standard return, however it's much better than the 12% generated by the Oil and Gas industry.
因此，Hess的ROCE为19%。单独看，这是一个标准的回报率，但比石油和天然气行业创造的12%要好得多。
In the above chart we have measured Hess' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Hess .
在上面的图表中，我们已经测量了Hess之前的ROCE与其之前的表现，但未来可以说更重要。如果您感兴趣，您可以查看我们为Hess提供的免费分析师报告中的分析师预测。
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。
Hess is showing promise given that its ROCE is trending up and to the right. The figures show that over the last five years, ROCE has grown 294% whilst employing roughly the same amount of capital. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.
Hess显示出潜力，因为其ROCE正在上升并向右趋势。数字显示，在过去的五年中，ROCE增长了294%，同时使用的资本大致相同。因此，很可能业务现在正从过去的投资中获得充分利益，因为所使用的资本并没有发生显著变化。在这方面，情况看起来很好，所以值得探究管理层对未来增长计划的看法。
In Conclusion...
最后，同等资本下回报率较低的趋势通常不是我们关注创业板股票的最佳信号。由于这些发展进行良好，因此投资者不太可能表现友好。自五年前以来，该股下跌了32%。除非这些指标朝着更积极的轨迹转变，否则我们将继续寻找其他股票。
To bring it all together, Hess has done well to increase the returns it's generating from its capital employed. And a remarkable 133% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.
综合起来，Hess在增加其所使用资本产生的回报方面表现不错。在过去五年中，总回报率达到了惊人的133%，告诉我们投资者期待未来会有更多好事发生。因此，我们认为值得您花时间去核实这些趋势是否将继续。
On a final note, we've found 2 warning signs for Hess that we think you should be aware of.
最后，我们发现了Hess的2个警示信号，我们认为您应该注意。
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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