Return Trends At Republic Services (NYSE:RSG) Aren't Appealing
Return Trends At Republic Services (NYSE:RSG) Aren't Appealing
If you're looking for a multi-bagger, there's a few things to 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, when we ran our eye over Republic Services' (NYSE:RSG) trend of ROCE, we liked what we saw.
如果你正在尋找一款多功能裝袋機,有幾件事需要注意。理想情況下,企業將呈現出兩種趨勢;首先是增長 返回 論資本使用率(ROCE),其次是增加 金額 所用資本的比例。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資到業務中併產生更高的回報。因此,當我們關注共和國服務公司(紐約證券交易所代碼:RSG)的投資回報率趨勢時,我們喜歡我們所看到的。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
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 Republic Services, this is the formula:
爲了澄清一下你是否不確定,ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入(按百分比計算)的指標。要計算 Republic Services 的此指標,公式如下:
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)
0.10 = US$2.7b ÷ (US$30b - US$4.1b) (Based on the trailing twelve months to September 2023).
0.10 = 27億美元 ÷(300億美元-41億美元) (基於截至2023年9月的過去十二個月)。
Therefore, Republic Services has an ROCE of 10%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Commercial Services industry average of 9.1%.
因此,共和國服務的投資回報率爲10%。從絕對值來看,這是一個相當正常的回報,略接近商業服務行業9.1%的平均水平。
See our latest analysis for Republic Services
查看我們對共和國服務的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240114/0-4aa8da5e33c104b8ba803d8a087e4369-0-000e8d3db260340f3886fdf1bdb6dd6e.png/big)
In the above chart we have measured Republic Services' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Republic Services.
在上圖中,我們將Republic Services先前的投資回報率與之前的表現進行了比較,但可以說,未來更爲重要。如果您想了解分析師對未來的預測,則應查看我們的Republic Services免費報告。
So How Is Republic Services' ROCE Trending?
那麼 Republic Services 的投資回報率如何呢?
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has consistently earned 10% for the last five years, and the capital employed within the business has risen 39% in that time. Since 10% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
ROCE的趨勢並不突出,但總體回報還是不錯的。在過去五年中,該公司的收入一直保持在10%,在此期間,公司內部使用的資本增長了39%。但是,由於10%的投資回報率適中,因此很高興看到企業能夠繼續以如此可觀的回報率進行再投資。這個大概的穩定回報可能並不令人興奮,但如果能夠長期維持這些回報,它們通常會爲股東提供豐厚的回報。
In Conclusion...
總之...
In the end, Republic Services has proven its ability to adequately reinvest capital at good rates of return. And long term investors would be thrilled with the 136% return they've received over the last five years. So even though the stock might be more "expensive" than it was before, we think the strong fundamentals warrant this stock for further research.
最終,Republic Services證明了其以良好的回報率對資本進行充分再投資的能力。長期投資者會對他們在過去五年中獲得的136%的回報感到興奮。因此,儘管該股可能比以前更 “昂貴”,但我們認爲強勁的基本面值得該股進行進一步研究。
One more thing to note, we've identified 1 warning sign with Republic Services and understanding it should be part of your investment process.
還有一件事需要注意,我們已經向Republic Services確定了1個警告信號,並知道這應該是您投資過程的一部分。
While Republic Services 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.
儘管Republic Services目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。
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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.
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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。