Williams Companies (NYSE:WMB) Is Doing The Right Things To Multiply Its Share Price
Williams Companies (NYSE:WMB) Is Doing The Right Things To Multiply Its Share Price
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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 looked at Williams Companies (NYSE:WMB) and its trend of ROCE, we really liked what we saw.
要找到一個有潛力大幅增長的企業並不容易,但只要我們看幾個重要的財務指標,就有可能實現。在完美的世界裏,我們希望看到一家公司將更多的資本投入到業務中,並且理想情況下,資本的回報也在增加。這表明它是一個複利機器,能夠持續將盈利再投資到業務中並獲得更高的回報。因此,當我們看威廉姆斯公司(紐交所:WMB)及其ROCE的趨勢時,我們真的很喜歡我們看到的。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Williams Companies:
如果你之前沒有使用過ROCE,它是用來衡量公司從業務中投入的資本所產生的「回報」(稅前利潤)的。分析師使用這個公式爲威廉姆斯公司計算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。
0.077 = US$3.7b ÷ (US$52b - US$4.7b) (Based on the trailing twelve months to June 2024).
0.077 = 37億美元 ÷ (520億美元 - 4.7億美元)(基於截至2024年6月的過去12個月)。
Therefore, Williams Companies has an ROCE of 7.7%. Ultimately, that's a low return and it under-performs the Oil and Gas industry average of 12%.
因此,威廉姆斯公司的ROCE爲7.7%。最終,這是一個較低的回報率,低於石油和天然氣行業平均水平12%。
![1724673341702](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240826/42875329-0-604dc38181dbefec5eda16eb5a9b726d.webp/bigjpg)
In the above chart we have measured Williams Companies' 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 Williams Companies .
在上面的圖表中,我們對威廉姆斯公司的以往ROCE進行了測量,並且未來可能更重要。如果您感興趣,可以在我們的免費分析師報告中查看分析師的預測。
So How Is Williams Companies' ROCE Trending?
威廉姆斯公司的ROCE趨勢如何?
Williams Companies is showing promise given that its ROCE is trending up and to the right. 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 56% over the last five years. 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.
威廉姆斯公司顯示出了希望,因爲它的ROCE正在向上和向右趨勢。通過觀察數據,我們可以看到,儘管業務中使用的資本保持相對穩定,但過去五年的ROCE增長了56%。基本上,業務從相同的資本中獲得了更高的回報,這證明了公司效率的提高。在這方面,情況看起來不錯,所以值得探索管理層對未來增長計劃的表態。
The Key Takeaway
重要提示
In summary, we're delighted to see that Williams Companies has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And a remarkable 161% total return over the last five years tells us that investors are expecting more good things to come in the future. In light of that, we think it's worth looking further into this stock because if Williams Companies can keep these trends up, it could have a bright future ahead.
總之,我們很高興看到威廉姆斯公司能夠提高效率,並在相同的資本量上獲得更高的回報。在過去的五年中,令人矚目的161%總回報告訴我們投資者預計未來將有更多好事發生。鑑於這一點,我們認爲值得進一步研究這支股票,因爲如果威廉姆斯公司能夠持續保持這些趨勢,它可能會有一個輝煌的未來。
Like most companies, Williams Companies does come with some risks, and we've found 2 warning signs that you should be aware of.
像大多數公司一樣,威廉姆斯公司也存在一些風險,我們發現了2個警告信號,您應該知道。
While Williams Companies 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.
儘管威廉姆斯公司當前的回報率不是最高的,但我們編制了一個目前回報率超過25%的公司清單。在這裏查看這個免費清單。
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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。