Returns On Capital Are A Standout For Nucor (NYSE:NUE)
Returns On Capital Are A Standout For Nucor (NYSE:NUE)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. Speaking of which, we noticed some great changes in Nucor's (NYSE:NUE) returns on capital, so let's have a look.
你知道有一些财务指标可以为潜在的多袋装袋者提供线索吗?通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 所用资本的比例。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。说到这里,我们注意到纽柯(纽约证券交易所代码:NUE)的资本回报率发生了一些重大变化,所以让我们来看看吧。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
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. The formula for this calculation on Nucor is:
为了澄清一下你是否不确定,ROCE是评估公司从投资于其业务的资本中获得多少税前收入(按百分比计算)的指标。在 Nucor 上进行此计算的公式为:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)
0.23 = US$6.8b ÷ (US$34b - US$4.3b) (Based on the trailing twelve months to September 2023).
0.23 = 68亿美元 ÷(340亿美元-43亿美元) (基于截至2023年9月的过去十二个月)。
Therefore, Nucor has an ROCE of 23%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 11%.
因此,纽柯的投资回报率为23%。从绝对值来看,这是一个不错的回报,甚至比金属和采矿业11%的平均水平还要好。
View our latest analysis for Nucor
查看我们对纽柯的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231028/0-ccf607774eabdc5104c8aff45e715753-0-244effbcf4d106f2c8466ec905d669fb.png/big)
In the above chart we have measured Nucor'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 report for Nucor.
在上图中,我们将纽柯先前的投资回报率与之前的表现进行了对比,但可以说,未来更为重要。如果你想了解分析师对未来的预测,你应该查看我们的纽柯免费报告。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
Nucor is displaying some positive trends. Over the last five years, returns on capital employed have risen substantially to 23%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 98%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
纽柯显示出一些积极的趋势。在过去五年中,已动用资本回报率大幅上升至23%。实际上,该公司每使用1美元资本就能赚更多的钱,值得注意的是,资本金额也增加了98%。越来越多的资本回报率不断增加是多包商的常见现象,这就是为什么我们印象深刻的原因。
Our Take On Nucor's ROCE
我们对纽柯投资回报率的看法
In summary, it's great to see that Nucor can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
总而言之,很高兴看到纽柯能够通过持续地以更高的回报率进行资本再投资来增加回报,因为这些是那些备受追捧的多袋包装商的一些关键要素。而且,由于该股在过去五年中表现异常出色,投资者正在考虑这些模式。话虽如此,我们仍然认为前景良好的基本面意味着公司值得进一步的尽职调查。
Nucor does have some risks, we noticed 3 warning signs (and 1 which is potentially serious) we think you should know about.
Nucor 确实存在一些风险,我们注意到了 3 个警告信号(其中一个可能很严重),我们认为你应该知道。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果你想搜索更多获得高回报的股票,可以查看这份资产负债表稳健且净资产回报率也很高的股票的免费清单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。