Why We Like The Returns At Teekay Tankers (NYSE:TNK)
Why We Like The Returns At Teekay Tankers (NYSE:TNK)
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, the ROCE of Teekay Tankers (NYSE:TNK) looks great, so lets see what the trend can tell us.
如果我們想確定下一款多袋機,有一些關鍵的趨勢需要考慮。在一個完美的世界中,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中獲得的回報也在增加。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。考慮到這一點,Teekay Tankers(紐約證券交易所代碼:TNK)的投資回報率看起來不錯,所以讓我們看看趨勢能告訴我們什麼。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Teekay Tankers:
如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。分析師使用這個公式來計算 Teekay Tankers 的價格:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率 = 息稅前收益(EBIT)÷(總資產-流動負債)
0.35 = US$580m ÷ (US$1.8b - US$130m) (Based on the trailing twelve months to September 2023).
0.35 = 5.8 億美元 ¥(18 億美元-1.3 億美元) (基於截至2023年9月的過去十二個月)。
Therefore, Teekay Tankers has an ROCE of 35%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 18%.
因此,Teekay Tankers的投資回報率爲35%。從絕對值來看,這是一個不錯的回報,甚至比石油和天然氣行業18%的平均水平還要好。
View our latest analysis for Teekay Tankers
查看我們對 Teekay Tankers 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231106/0-eea5402d9a82c014b202d28cb6e1a8b3-0-5e05e8644f88adb7b508ba2137af226f.png/big)
Above you can see how the current ROCE for Teekay Tankers 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 report on analyst forecasts for the company.
在上面你可以看到Teekay Tankers當前的投資回報率與之前的資本回報率相比如何,但你能從過去看出的只有那麼多。如果您有興趣,可以在我們關於公司分析師預測的免費報告中查看分析師的預測。
So How Is Teekay Tankers' ROCE Trending?
那麼 Teekay Tankers 的 ROCE 趨勢如何?
We're delighted to see that Teekay Tankers is reaping rewards from its investments and has now broken into profitability. The company was generating losses five years ago, but has managed to turn it around and as we saw earlier is now earning 35%, which is always encouraging. Interestingly, the capital employed by the business has remained relatively flat, so these higher returns are either from prior investments paying off or increased efficiencies. So while we're happy that the business is more efficient, just keep in mind that could mean that going forward the business is lacking areas to invest internally for growth. So if you're looking for high growth, you'll want to see a business's capital employed also increasing.
我們很高興看到Teekay Tankers正在從其投資中獲得回報,現在已經實現盈利。該公司在五年前出現了虧損,但已經設法扭轉了局面,正如我們之前看到的那樣,現在的收入爲35%,這始終令人鼓舞。有趣的是,該企業使用的資本一直相對持平,因此這些更高的回報要麼來自先前投資的回報,要麼來自效率的提高。因此,儘管我們對業務效率提高感到高興,但請記住,這可能意味着未來該業務缺乏內部投資以促進增長的領域。因此,如果您正在尋求高增長,則希望看到企業的資本也有所增加。
The Key Takeaway
關鍵要點
To bring it all together, Teekay Tankers has done well to increase the returns it's generating from its capital employed. And a remarkable 503% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
綜上所述,Teekay Tankers在提高所用資本產生的回報方面做得很好。過去五年中驚人的總回報率爲503%,這告訴我們,投資者預計未來會有更多好處。話雖如此,我們仍然認爲良好的基本面意味着該公司值得進一步的盡職調查。
One final note, you should learn about the 2 warning signs we've spotted with Teekay Tankers (including 1 which doesn't sit too well with us) .
最後一點,你應該了解一下我們在Teekay Tankers上發現的兩個警告信號(包括一個對我們來說不太合適)。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回報是強勁表現的關鍵因素,因此請查看我們的免費股本回報率高且資產負債表穩健的股票清單。
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Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。