SFL (NYSE:SFL) Is Looking To Continue Growing Its Returns On Capital
SFL (NYSE:SFL) Is Looking To Continue Growing Its Returns On Capital
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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, SFL (NYSE:SFL) looks quite promising in regards to its trends of return on capital.
我们应该寻找哪些趋势?我们想确定可以长期价值成倍增长的股票?一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 所用资本的比例。如果你看到这一点,这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。因此,从这个角度来看,SFL(纽约证券交易所代码:SFL)的资本回报率趋势看起来相当乐观。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
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 SFL is:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。在 SFL 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)
0.078 = US$230m ÷ (US$3.7b - US$712m) (Based on the trailing twelve months to September 2023).
0.078 = 2.3亿美元 ÷(37亿美元-7.12亿美元) (基于截至2023年9月的过去十二个月)。
So, SFL has an ROCE of 7.8%. In absolute terms, that's a low return and it also under-performs the Oil and Gas industry average of 16%.
因此,SFL的投资回报率为7.8%。从绝对值来看,这是一个低回报,其表现也低于石油和天然气行业16%的平均水平。
Check out our latest analysis for SFL
查看我们对SFL的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240109/0-560a8d0199ca852bcc9d57dba7a37b37-0-de9f873ed80fcb9cd53c856348051a0b.png/big)
In the above chart we have measured SFL's 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 report on analyst forecasts for the company.
在上图中,我们将SFL先前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果您有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
SFL has not disappointed with their ROCE growth. 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 38% 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. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
SFL对他们的投资回报率增长并不令人失望。从数据来看,我们可以看到,尽管该业务中使用的资本保持相对平稳,但在过去五年中,产生的投资回报率增长了38%。基本上,该业务正在从相同数量的资本中获得更高的回报,这证明了公司的效率有所提高。从这个意义上讲,该公司表现良好,值得研究管理团队对长期增长前景的计划。
In Conclusion...
总之...
As discussed above, SFL appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 67% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.
如上所述,SFL似乎越来越擅长创造回报,因为资本利用率保持不变,但收益(不计利息和税收)有所增加。投资者似乎对未来有更多这样的期望,因为该股在过去五年中为股东提供了67%的回报。因此,我们认为值得您花时间检查这些趋势是否会持续下去。
SFL does have some risks, we noticed 3 warning signs (and 2 which are concerning) we think you should know about.
SFL 确实存在一些风险,我们注意到我们认为你应该知道的 3 个警告信号(以及 2 个令人担忧的)。
While SFL 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.
尽管SFL目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这个免费清单。
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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。