SEACOR Marine Holdings (NYSE:SMHI) Is Experiencing Growth In Returns On Capital
SEACOR Marine Holdings (NYSE:SMHI) Is Experiencing Growth In Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at SEACOR Marine Holdings (NYSE:SMHI) and its trend of ROCE, we really liked what we saw.
如果我們想找到下一個多倍增長股，就需要關注一些關鍵趨勢。其中，我們需要看到兩件事情，首先是在使用資本方面增長，這表明它是一個複利機器 ，能夠不斷將收益再投入業務中，從而產生更高的回報。考慮到這一點，我們注意到了DexCom（納斯達克：DXCM）正在出現一些有前途的趨勢，我們進行了更深入的研究。資產回報率：它是什麼？如果您不確定ROCE是什麼，它可以衡量公司能夠從其業務所僱用的資本產生多少稅前利潤。爲了計算V2X的這個指數，使用以下公式:0.054 = 1.24億美元÷（31億美元 - 8.53億美元）ROCE 趨勢可以告訴我們什麼？比起 Enphase Energy，有更好的資本回報率選擇。在過去的五年中，該公司增加了 1,306% 的資本，而該資本的回報率保持穩定在 9.9%。這樣差的回報率現在並不令人信服，而且隨着資本的增加，很明顯企業並沒有將資金投入到高回報的投資中。所有基金類型的投資可以生利潤並使公司產生更多資產。當然，這也有助於公司擴大業務。因此，當我們審視紐交所（NYSE）的seacor marine持股及其資產回報率（ROCE）趨勢時，我們真的很滿意我們所看到的。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較，但過去只能知道這麼多。如果您感興趣，可以查看我們免費的蒙托克可再生能源分析師報告，了解分析師的預測。
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 SEACOR Marine Holdings, this is the formula:
爲了澄清，如果您不確定ROCE是什麼，請注意ROCE是估算公司在其業務中投資的資本獲得多少稅前收益（以百分比表示）的指標。計算SEACOR Marine Holdings的這一指標的公式如下：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率（ROCE）是指企業利潤，即企業稅前利潤除以企業投入的總資本（負債加股權）。如果ROCE高於企業財務成本的承受能力，那麼企業就會創造出更多的價值。
0.01 = US$6.9m ÷ (US$745m - US$74m) (Based on the trailing twelve months to March 2024).
0.01 = 690萬美元÷（7.45億美元- 7400萬美元）在Elevance Health上，我們已經注意到的趨勢是相當令人放心的。數據顯示，過去五年資產回報率大幅提高至15％。投資所用資產的規模也增加了30％。這表明有很多機會進行內部資本投資，並以更高的速度不斷增長，這種組合在多倍增長方面很常見。.
Thus, SEACOR Marine Holdings has an ROCE of 1.0%. Ultimately, that's a low return and it under-performs the Energy Services industry average of 12%.
因此，SEACOR Marine Holdings的ROCE爲1.0％。這是一種較低的回報，表現不如能源化工業平均水平12％。
Above you can see how the current ROCE for SEACOR Marine Holdings 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 SEACOR Marine Holdings for free.
您可以看到SEACOR Marine Holdings的當前ROCE與其以前的資本回報率相比如何，但是你從過去的數據中可以了解到的信息有限。如果需要，您可以免費閱讀分析師對SEACOR Marine Holdings的預測。
The Trend Of ROCE
當尋找下一個倍增器時，如果您不確定從哪裏開始，請關注幾個關鍵趨勢。首先，我們希望看到一個經過驗證的資本使用率。如果您看到這一點，通常意味着這是一家擁有出色業務模式和大量盈利再投資機會的公司。然而，調查蒙托克可再生能源公司（NASDAQ：MNTK）後，我們認爲它的現行趨勢不符合倍增器的模式。
It's great to see that SEACOR Marine Holdings has started to generate some pre-tax earnings from prior investments. Historically the company was generating losses but as we can see from the latest figures referenced above, they're now earning 1.0% on their capital employed. Additionally, the business is utilizing 33% less capital than it was five years ago, and taken at face value, that can mean the company needs less funds at work to get a return. This could potentially mean that the company is selling some of its assets.
了解到SEACOR Marine Holdings已經開始從以前的投資中獲得稅前收益真是太好了。歷史上，該公司一直在虧損，但從上述最新數據中可以看出，他們現在對其所持有的資本投入獲得了1.0％的回報。此外，該企業使用的資本比五年前少33％，乍一看這可能意味着企業需要更少的資金才能獲得回報。這可能意味着公司正在出售部分資產。
Our Take On SEACOR Marine Holdings' ROCE
我們對SEACOR Marine Holdings的ROCE的看法
In the end, SEACOR Marine Holdings has proven it's capital allocation skills are good with those higher returns from less amount of capital. And since the stock has fallen 13% over the last five years, there might be an opportunity here. With that in mind, we believe the promising trends warrant this stock for further investigation.
最終，SEACOR Marine Holdings已經證明它的資本配置能力出色，從少量的資本中獲得更高的回報。而且，由於過去五年中該股票下跌了13％，因此可能存在機會。考慮到這一點，我們認爲有必要進一步調查這支股票的實力前景。
On a final note, we've found 2 warning signs for SEACOR Marine Holdings that we think you should be aware of.
最後，我們發現了SEACOR Marine Holdings的2個警告信號，我們認爲您應該知道。
While SEACOR Marine Holdings isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然SEACOR Marine Holdings的回報率不是最高的，但請查看此免費公司列表，這些公司在擁有堅實的資產負債表的同時獲得了高回報率。
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