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Skechers U.S.A (NYSE:SKX) Has More To Do To Multiply In Value Going Forward

Skechers U.S.A (NYSE:SKX) Has More To Do To Multiply In Value Going Forward

斯凱奇美國公司(紐交所:SKX)在未來還有更多的事情需要做以增加其價值。
Simply Wall St ·  12/22 08:48

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, the ROCE of Skechers U.S.A (NYSE:SKX) looks decent, right now, so lets see what the trend of returns can tell us.

要找到一隻多袋股票,我們應該在企業中尋找哪些潛在趨勢?通常,我們會注意到已動用資本回報率(ROCE)的增長趨勢,與此同時,使用的資本基礎也在擴大。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。考慮到這一點,美國斯凱奇(紐約證券交易所代碼:SKX)的投資回報率目前看起來不錯,所以讓我們看看回報趨勢能告訴我們什麼。

What Is Return On Capital Employed (ROCE)?

什麼是已動用資本回報率(ROCE)?

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. Analysts use this formula to calculate it for Skechers U.S.A:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。分析師使用以下公式來計算美國斯凱奇的計算公式:

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)

0.14 = US$869m ÷ (US$8.6b - US$2.4b) (Based on the trailing twelve months to September 2024).

0.14 = 8.69億美元 ÷(86億美元至24億美元)(基於截至2024年9月的過去十二個月)。

Thus, Skechers U.S.A has an ROCE of 14%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Luxury industry average of 13%.

因此,斯凱奇美國的投資回報率爲14%。從絕對值來看,這是相當正常的回報,略接近奢侈品行業13%的平均水平。

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NYSE:SKX Return on Capital Employed December 22nd 2024
紐約證券交易所:SKX 2024年12月22日動用資本回報率

In the above chart we have measured Skechers U.S.A's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Skechers U.S.A for free.

在上圖中,我們將斯凱奇美國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。如果你願意,你可以免費查看報道斯凱奇美國的分析師的預測。

So How Is Skechers U.S.A's ROCE Trending?

那麼斯凱奇美國的投資回報率如何走勢呢?

While the returns on capital are good, they haven't moved much. The company has employed 81% more capital in the last five years, and the returns on that capital have remained stable at 14%. Since 14% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.

儘管資本回報率不錯,但變化不大。在過去五年中,該公司僱用的資本增加了81%,該資本的回報率一直穩定在14%。但是,由於14%的投資回報率適中,因此很高興看到企業能夠繼續以如此可觀的回報率進行再投資。這個大概的穩定回報可能並不令人興奮,但如果能夠長期維持這些回報,它們通常會爲股東提供豐厚的回報。

Our Take On Skechers U.S.A's ROCE

我們對美國斯凱奇的ROCE的看法

The main thing to remember is that Skechers U.S.A has proven its ability to continually reinvest at respectable rates of return. And the stock has followed suit returning a meaningful 55% to shareholders over the last five years. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.

要記住的主要事情是,美國斯凱奇已經證明了其持續以可觀的回報率進行再投資的能力。在過去的五年中,該股緊隨其後,向股東回報了55%的可觀回報。因此,儘管積極的潛在趨勢可能由投資者解釋,但我們仍然認爲該股值得進一步研究。

If you're still interested in Skechers U.S.A it's worth checking out our FREE intrinsic value approximation for SKX to see if it's trading at an attractive price in other respects.

如果您仍然對Skechers U.S.A感興趣,那麼值得查看我們的免費SKX內在價值近似值,看看它在其他方面的交易價格是否具有吸引力。

While Skechers U.S.A 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.

儘管斯凱奇美國公司目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。

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.

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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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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