share_log

Returns On Capital At Portland General Electric (NYSE:POR) Have Stalled

Returns On Capital At Portland General Electric (NYSE:POR) Have Stalled

波特兰通用电气(纽约证券交易所代码:POR)的资本回报率停滞不前
Simply Wall St ·  04/28 10:46

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. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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. In light of that, when we looked at Portland General Electric (NYSE:POR) and its ROCE trend, we weren't exactly thrilled.

寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。除其他外,我们希望看到两件事;首先,成长 返回 论资本使用率(ROCE),其次是公司的扩张 金额 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。有鉴于此,当我们研究波特兰通用电气(纽约证券交易所代码:POR)及其投资回报率趋势时,我们并不十分兴奋。

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. Analysts use this formula to calculate it for Portland General Electric:

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。分析师使用这个公式来计算波特兰通用电气的值:

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)

0.043 = US$456m ÷ (US$12b - US$885m) (Based on the trailing twelve months to March 2024).

0.043 = 4.56亿美元 ÷(120亿美元-8.85亿美元) (基于截至2024年3月的过去十二个月)

Therefore, Portland General Electric has an ROCE of 4.3%. In absolute terms, that's a low return but it's around the Electric Utilities industry average of 4.6%.

因此,波特兰通用电气的投资回报率为4.3%。从绝对值来看,回报率很低,但约为电力公用事业行业的平均水平4.6%。

roce
NYSE:POR Return on Capital Employed April 28th 2024
纽约证券交易所:POR 2024年4月28日动用资本回报率

Above you can see how the current ROCE for Portland General Electric compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Portland General Electric .

在上面你可以看到波特兰通用电气当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果您想了解分析师对未来的预测,则应查看我们的波特兰通用电气免费分析师报告。

What The Trend Of ROCE Can Tell Us

ROCE 的趋势能告诉我们什么

In terms of Portland General Electric's historical ROCE trend, it doesn't exactly demand attention. The company has consistently earned 4.3% for the last five years, and the capital employed within the business has risen 48% in that time. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.

就波特兰通用电气的历史投资回报率趋势而言,这并不完全值得关注。在过去五年中,该公司的收入一直保持在4.3%,在此期间,公司内部使用的资本增长了48%。这种糟糕的投资回报率目前并不能激发信心,随着所用资本的增加,很明显,该企业没有将资金部署到高回报的投资中。

The Bottom Line On Portland General Electric's ROCE

波特兰通用电气投资回报率的底线

In conclusion, Portland General Electric has been investing more capital into the business, but returns on that capital haven't increased. Additionally, the stock's total return to shareholders over the last five years has been flat, which isn't too surprising. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.

总之,波特兰通用电气一直在向该业务投入更多资金,但该资本的回报率并未增加。此外,该股在过去五年中的股东总回报率一直持平,这并不奇怪。总的来说,我们对潜在趋势的启发不大,我们认为在其他地方找到多袋装机的可能性更大。

If you'd like to know more about Portland General Electric, we've spotted 3 warning signs, and 1 of them shouldn't be ignored.

如果您想进一步了解波特兰通用电气,我们发现了3个警告标志,其中1个不容忽视。

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。

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.

对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发