Here's What To Make Of Stryker's (NYSE:SYK) Decelerating Rates Of Return
Here's What To Make Of Stryker's (NYSE:SYK) Decelerating Rates Of Return
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 Stryker's (NYSE:SYK) trend of ROCE, we liked what we saw.
如果你正在尋找多倍增長的公司,那麼有幾件事情需要特別留意。首先,一家公司應該表現出兩個趨勢;首先是資本回報率不斷增長,其次是投資資本數量的增加。這表明它是一個複利機器,能夠不斷地將其收益重新投資於企業中併產生更高的回報。因此,當我們觀察紐交所上Stryker (NYSE: SYK) 的資本回報率趨勢時,我們對其情況感到滿意。
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. Analysts use this formula to calculate it for Stryker:
只是爲了澄清,如果您不確定,ROCE是一種衡量公司在其業務中投入的資本所獲得的稅前收益百分比的指標。分析師使用此公式來計算Stryker的ROCE:
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。
0.14 = US$4.4b ÷ (US$39b - US$7.0b) (Based on the trailing twelve months to March 2024).
0.14 = 44000000000美元÷(39000000000美元-70億美元)(根據截至2024年3月的過去十二個月計算)。
Therefore, Stryker has an ROCE of 14%. In absolute terms, that's a satisfactory return, but compared to the Medical Equipment industry average of 10% it's much better.
因此,Stryker的ROCE爲14%。在絕對值上,這是一個令人滿意的回報,但與醫療設備行業平均水平的10%相比要好得多。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240726/0-f2a5dad24f8319a4839c58e4a9ff14bc-0-5d9081af234654396da124a37ec405b0.png/big)
In the above chart we have measured Stryker's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Stryker .
在上圖中,我們測量了Stryker以前的ROCE與其以前的表現,但未來可能更爲重要。如果您感興趣,您可以在我們的免費分析師報告中查看分析師的預測。
What Can We Tell From Stryker's ROCE Trend?
從Stryker的ROCE趨勢中我們可以看出什麼?
The trend of ROCE doesn't stand out much, but returns on a whole are decent. Over the past five years, ROCE has remained relatively flat at around 14% and the business has deployed 46% more capital into its operations. 14% is a pretty standard return, and it provides some comfort knowing that Stryker has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
ROCE的趨勢並不突出,但總體回報還是不錯的。在過去的五年中,ROCE保持相對穩定,約爲14%,且業務已將其資本投入運營的資本增加了46%。14%是一個相當標準的回報率,知道Stryker一直能持續地賺到這些錢也提供了一些安慰。長時間以來,這樣的回報率可能不會太令人興奮,但是通過穩定地賺錢,最終還是會產生股價回報。
Our Take On Stryker's ROCE
我們對Stryker的ROCE的看法
To sum it up, Stryker has simply been reinvesting capital steadily, at those decent rates of return. And since the stock has risen strongly over the last five years, it appears the market might expect this trend to continue. So while investors seem to be recognizing these promising trends, we still believe the stock deserves further research.
總之,Stryker僅僅是以穩定的回報率持續地再投資資本。而且,由於過去五年該股上漲強勁,市場可能預計這一趨勢會繼續。因此,儘管投資者似乎認識到這些有前途的趨勢,我們仍然認爲該股值得進一步研究。
On a separate note, we've found 2 warning signs for Stryker you'll probably want to know about.
另外,我們發現Stryker有2個警告信號,您可能想知道。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
Hao Tian International Construction Investment Group確實存在一些風險,我們已經發現了一條警示標誌,你可能會感興趣。對於那些喜歡投資於實力雄厚的公司的人,可以查看這個由財務狀況強大、股本回報率高的公司組成的免費列表。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。