Murphy Oil (NYSE:MUR) Shareholders Will Want The ROCE Trajectory To Continue
Murphy Oil (NYSE:MUR) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at Murphy Oil (NYSE:MUR) so let's look a bit deeper.
如果我們想找到一隻可以長期成倍增長的股票,我們應該尋找哪些潛在趨勢?一種常見的方法是嘗試找一家公司 回報 論資本使用率(ROCE)在增加的同時增長 金額 所用資本的比例。歸根結底,這表明這是一家以不斷提高的回報率對利潤進行再投資的企業。考慮到這一點,我們注意到墨菲石油公司(紐約證券交易所代碼:MUR)的一些令人鼓舞的趨勢,所以讓我們更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
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 Murphy Oil, 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。要計算墨菲石油公司的這個指標,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)
0.12 = US$1.0b ÷ (US$9.8b - US$847m) (Based on the trailing twelve months to December 2023).
0.12 = 10億美元 ÷(98億美元-8.47億美元) (基於截至2023年12月的過去十二個月)。
So, Murphy Oil has an ROCE of 12%. In absolute terms, that's a pretty standard return but compared to the Oil and Gas industry average it falls behind.
因此,墨菲石油的投資回報率爲12%。從絕對值來看,這是一個相當標準的回報,但與石油和天然氣行業的平均水平相比,它落後了。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240213/0-2200ca3eab2048ee313a3a223ae0e6df-0-183996923f987f02500133726f617e8c.png/big)
In the above chart we have measured Murphy Oil's 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 Murphy Oil.
在上圖中,我們將墨菲石油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。如果你想了解分析師對未來的預測,你應該查看我們的墨菲石油免費報告。
So How Is Murphy Oil's ROCE Trending?
那麼墨菲石油的投資回報率走勢如何?
Murphy Oil 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 478% whilst employing roughly the same amount of capital. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.
鑑於其投資回報率呈上升和向右趨勢,墨菲石油表現出希望。數字顯示,在過去五年中,ROCE增長了478%,同時僱用了大致相同數量的資本。基本上,該業務正在從相同數量的資本中獲得更高的回報,這證明了公司的效率有所提高。在這方面,情況看起來不錯,因此值得探討管理層對未來增長計劃的看法。
The Bottom Line On Murphy Oil's ROCE
墨菲石油投資回報率的底線
In summary, we're delighted to see that Murphy Oil has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with a respectable 54% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
總之,我們很高興看到墨菲石油能夠提高效率,並在相同金額的資本中獲得更高的回報率。而且,在過去五年中持有該股票的人將獲得可觀的54%獎勵,你可以說這些發展已開始得到應有的關注。話雖如此,我們仍然認爲前景良好的基本面意味着公司值得進一步的盡職調查。
Murphy Oil does have some risks though, and we've spotted 1 warning sign for Murphy Oil that you might be interested in.
不過,墨菲石油確實存在一些風險,我們發現了墨菲石油的一個警告信號,你可能會感興趣。
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.
如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。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,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。