The Return Trends At Sonic Automotive (NYSE:SAH) Look Promising
The Return Trends At Sonic Automotive (NYSE:SAH) Look Promising
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, Sonic Automotive (NYSE:SAH) looks quite promising in regards to its trends of return on capital.
如果我們想確定下一個多功能裝袋機,有一些關鍵趨勢需要關注。首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 所用資本的比例。歸根結底,這表明這是一家以不斷提高的回報率對利潤進行再投資的企業。因此,從這個角度來看,索尼克汽車(紐約證券交易所代碼:SAH)的資本回報率趨勢看起來相當樂觀。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Sonic Automotive is:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。在 Sonic Automotive 上進行此計算的公式爲:
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)
0.19 = US$571m ÷ (US$5.1b - US$2.0b) (Based on the trailing twelve months to September 2023).
0.19 = 5.71 億美元 ¥(51 億美元-20 億美元) (基於截至2023年9月的過去十二個月)。
Therefore, Sonic Automotive has an ROCE of 19%. In absolute terms, that's a satisfactory return, but compared to the Specialty Retail industry average of 12% it's much better.
因此,索尼克汽車的投資回報率爲19%。從絕對值來看,這是一個令人滿意的回報,但與專業零售行業平均水平的12%相比,回報要好得多。
View our latest analysis for Sonic Automotive
查看我們對 Sonic Automotive 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231108/0-7071ae93ca12be50a0e540292e3130cf-0-b8cd02723c9e8fb2f7f8af07e093e508.png/big)
In the above chart we have measured Sonic Automotive'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 Sonic Automotive here for free.
在上面的圖表中,我們對Sonic Automotive之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,你可以在這裏免費查看分析師對Sonic Automotive的預測。
What Does the ROCE Trend For Sonic Automotive Tell Us?
索尼克汽車的ROCE趨勢告訴我們什麼?
Investors would be pleased with what's happening at Sonic Automotive. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 19%. 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 61%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
投資者會對索尼克汽車公司發生的事情感到滿意。數字顯示,在過去五年中,所用資本的回報率已大幅增長至19%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了61%。越來越多的資本所帶來的回報率不斷增加在多袋公司中很常見,這就是爲什麼我們印象深刻的原因。
What We Can Learn From Sonic Automotive's ROCE
我們可以從 Sonic Automotive 的 ROCE 中學到什麼
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Sonic Automotive has. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. In light of that, we think it's worth looking further into this stock because if Sonic Automotive can keep these trends up, it could have a bright future ahead.
一家不斷提高資本回報率並能夠持續進行自我再投資的公司是一個備受追捧的特徵,而這正是Sonic Automotive所擁有的特徵。而且,由於該股在過去五年中表現異常出色,投資者正在考慮這些模式。有鑑於此,我們認爲值得進一步研究這隻股票,因爲如果Sonic Automotive能夠保持這些趨勢,它可能會有光明的前景。
One more thing, we've spotted 2 warning signs facing Sonic Automotive that you might find interesting.
還有一件事,我們發現了 Sonic Automotive 面臨的 2 個警告標誌,你可能會覺得很有趣。
While Sonic Automotive 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Sonic Automotive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。在這裏查看這份免費清單。
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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.
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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。