share_log

There's Been No Shortage Of Growth Recently For American Eagle Outfitters' (NYSE:AEO) Returns On Capital

There's Been No Shortage Of Growth Recently For American Eagle Outfitters' (NYSE:AEO) Returns On Capital

最近,美国鹰服饰(纽交所:AEO)的资本回报率增长不乏。
Simply Wall St ·  2024/10/02 11:59

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. 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. So on that note, American Eagle Outfitters (NYSE:AEO) looks quite promising in regards to its trends of return on capital.

如果您不确定从哪里开始寻找下一个多倍股,有几个关键趋势您应该密切关注。理想情况下,一家企业会展现两种趋势;首先是不断增长的资本利用率(ROCE),其次是不断增加的资本利用额。这向我们表明这是一个复利机器,能够不断将其盈利再投资到业务中,并获得更高的回报。因此,美洲鹰服装专业零售商(纽交所:AEO)在资本利用率的趋势方面看起来相当有前景。

Return On Capital Employed (ROCE): What Is It?

资本雇用回报率(ROCE)是什么?

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 American Eagle Outfitters, this is the formula:

只是为了澄清,如果您不确定,ROCE是评估公司在其业务中投入的资本所获税前收入(以百分比形式)的指标。为了计算美洲鹰服装专业零售商的这一指标,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。

0.16 = US$449m ÷ (US$3.5b - US$794m) (Based on the trailing twelve months to August 2024).

0.16 = 44900万美元 ÷ ( 35亿美元 - 7.94亿美元)(基于截至2024年8月的过去十二个月)。

So, American Eagle Outfitters has an ROCE of 16%. On its own, that's a standard return, however it's much better than the 12% generated by the Specialty Retail industry.

因此,美洲鹰服装专业零售商的ROCE为16%。单独来看,这是一个标准的回报率,但是远远好于专业零售行业所产生的12%。

big
NYSE:AEO Return on Capital Employed October 2nd 2024
纽交所:AEO2024年10月2日资本利用率回报

Above you can see how the current ROCE for American Eagle Outfitters 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 American Eagle Outfitters for free.

您可以看到美国鹰服装的当前ROCE与其以往资本回报率相比,但过去能告诉你的也只有这么多。如果您愿意,您可以免费查看覆盖美国鹰服装的分析师的预测。

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。

American Eagle Outfitters is showing promise given that its ROCE is trending up and to the right. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 23% in that same time. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.

鉴于美国鹰服装的ROCE呈上升趋势且向右移动,显示出潜力。具体来说,公司在过去五年里保持了相对稳定的资本使用率,但在同期ROCE却增长了23%。因此,我们认为该业务已提高效率,实现了更高的回报,同时也无需进行额外投资。不过,值得深入研究,因为虽然业务更加高效是好事,但也可能意味着在未来内部投资促进有机增长的领域不足。

The Bottom Line On American Eagle Outfitters' ROCE

关于美国鹰服装的ROCE的要点

To sum it up, American Eagle Outfitters is collecting higher returns from the same amount of capital, and that's impressive. Since the stock has returned a solid 71% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.

总的来说,美国鹰服装从相同数量的资本中获得了更高的回报,令人印象深刻。由于该股票在过去五年里为股东带来稳固的71%回报,可以说投资者开始认识到这些变化。话虽如此,我们仍认为这些有希望的基本面意味着公司值得进一步的尽职调查。

On a final note, we've found 3 warning signs for American Eagle Outfitters that we think you should be aware of.

最后,我们发现了3个关于美国鹰服装的警告信号,我们认为您应该注意。

While American Eagle Outfitters 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.

尽管美国鹰服装目前的回报可能不是最高的,但我们已经整理出一份目前收益超过25%的股权回报的公司清单。在这里查看这份免费清单。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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。
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
评论 评论 · 浏览 288

热点推荐

抢沙发

声明

本页的译文内容由软件翻译。Moomoo将竭力但却不能保证翻译内容之准确和可靠,亦不会承担因任何不准确或遗漏而引起的任何损失或损害。