Returns At Antero Midstream (NYSE:AM) Are On The Way Up
Returns At Antero Midstream (NYSE:AM) Are On The Way Up
What trends should we look for it we want to identify stocks that can multiply in value over the long term? 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, we've noticed some promising trends at Antero Midstream (NYSE:AM) so let's look a bit deeper.
如果我們想確定未來長期能夠增值的股票,那麼應該尋找什麼趨勢呢?一種常見的方法是尋找回報率隨着資本僱傭量增加而提高的公司。基本上這意味着該公司有盈利的新方案可以繼續投資,這是一種複利機器的特點。考慮到這一點,我們注意到 Antero Midstream(紐交所:AM)有一些很有前景的趨勢,那麼讓我們來深入一點。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Antero Midstream is:
對於那些不了解的人,ROCE 是公司每年稅前利潤(其回報)與業務所用資本相對比的一種衡量方式。在 Antero Midstream 上進行這種計算的公式爲:
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。
0.11 = US$639m ÷ (US$5.8b - US$116m) (Based on the trailing twelve months to June 2024).
0.11 = US$ 63.9 million ÷ (US$ 5.8 billion - US$ 116 million)(截至 2024 年 6 月的過去十二個月)。因此,Antero Midstream 的 ROCE 爲 11%。這是一個相對正常的資本回報率,並且與石油和天然氣行業產生的 12% 左右相當。
Therefore, Antero Midstream has an ROCE of 11%. That's a relatively normal return on capital, and it's around the 12% generated by the Oil and Gas industry.
在上圖中,我們比較了 Antero Midstream 的以往 ROCE 表現與其以往表現,但未來的趨勢可能更爲重要。如果您想了解分析師對未來的預測,您可以查看我們免費的 Antero Midstream 分析師報告。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-87ee6c5e7be2324bd3f3f0504dd0e310-0-0d105cdc6a4eae2477bf2f930689a381.png/big)
In the above chart we have measured Antero Midstream'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 analyst report for Antero Midstream .
在上圖中,我們比較了 Antero Midstream 的以往 ROCE 表現與其以往表現,但未來的趨勢可能更爲重要。如果您想了解分析師對未來的預測,您可以查看我們免費的 Antero Midstream 分析師報告。
What Does the ROCE Trend For Antero Midstream Tell Us?
Antero Midstream 的 ROCE 增長相當驚人。從數據來看,儘管業務所用資本量保持相對穩定,但過去五年中產生的 ROCE 增長了 539%。因此,很可能該公司正在充分利用過去的投資收益,因爲業務所用資本並未發生顯著變化。從這個角度來看,該公司運營良好,值得探究其管理團隊對長期增長前景的計劃。
Antero Midstream's ROCE growth is quite impressive. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 539% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
總之,Antero Midstream 已經成功地提高了其資本回報率。並且股票在過去五年中表現異常出色,這些積極的趨勢是由投資者考慮到的。因此,我們認爲值得花時間檢查這些趨勢是否會繼續。
What We Can Learn From Antero Midstream's ROCE
Antero Midstream 的 ROCE 可以告訴我們什麼?
To bring it all together, Antero Midstream has done well to increase the returns it's generating from its capital employed. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue.
總的來說,Antero Midstream 在增加其資本回報率方面做得很好。由於股票在過去五年中表現出色,這些趨勢已被投資者考慮在內。因此,我們認爲值得花時間檢查這些趨勢是否會繼續。
One more thing, we've spotted 2 warning signs facing Antero Midstream that you might find interesting.
還有一件事,我們發現了 Antero Midstream 面臨的 2 個警示信號,您可能會感興趣。
While Antero Midstream 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.
雖然 Antero Midstream 目前可能沒有最高回報率,但我們已經編制了一份收益率超過 25% 的公司列表。在此處查看免費列表。
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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.
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。