Spark Infrastructure Group's (ASX:SKI) Returns On Capital Are Heading Higher
Spark Infrastructure Group's (ASX:SKI) Returns On Capital Are Heading Higher
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst other things, we'll want to see two things; firstly, a growingreturnon capital employed (ROCE) and secondly, an expansion in the company'samountof capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, we've noticed some promising trends atSpark Infrastructure Group(ASX:SKI) so let's look a bit deeper.Return On Capital Employed (ROCE): What is it?
我们应该寻找什么样的趋势,我们想找出能够长期成倍增值的股票?在其他方面,我们希望看到两件事:第一,增长的非使用资本(ROCE);第二,扩大公司使用的资本数量。简而言之,这些类型的企业是复合机器,这意味着它们不断地以越来越高的回报率对收益进行再投资。考虑到这一点,我们在以下方面注意到了一些有希望的趋势星火基础设施集团(ASX:SKI)那么让我们看得更深一点。资本回报率(ROCE):它是什么?
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. To calculate this metric for Spark Infrastructure Group, this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是一家公司可以从其业务中使用的资本产生的税前利润。要计算Spark Infrastructure Group的此指标,请使用以下公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) รท (Total Assets - Current Liabilities)
资本回报率=息税前收益รท(总资产-流动负债)
0.087 = AU$254m รท (AU$3.1b - AU$146m)(Based on the trailing twelve months to December 2020).
0.087澳元=2.54亿澳元รท(31亿澳元-1.46亿澳元)(基于截至2020年12月的12个月)。
So,Spark Infrastructure Group has an ROCE of 8.7%.In absolute terms, that's a low return, but it's much better than the Electric Utilities industry average of 5.7%.
所以,星火基础设施集团的净资产收益率为8.7%。按绝对值计算,这是一个很低的回报率,但比电力公用事业行业平均5.7%的回报率要好得多。
Check out our latest analysis for Spark Infrastructure GroupASX:SKI Return on Capital Employed April 15th 2021
请查看我们对星火基础设施集团(Spark Infrastructure GroupASX)的最新分析:2021年4月15日雇佣的滑雪资本回报率
Above you can see how the current ROCE for Spark Infrastructure Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Spark Infrastructure Group here forfree.What The Trend Of ROCE Can Tell Us
在上面,你可以看到星火基础设施集团目前的净资产收益率(ROCE)与之前的资本回报率相比如何,但你只能从过去了解到这么多。如果您愿意,您可以查看报道星火基础设施集团(Spark Infrastructure Group)的分析师对免费的。ROCE的走势告诉我们什么
Spark Infrastructure Group has not disappointed in regards to ROCE growth. The data shows that returns on capital have increased by 22% over the trailing five years. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. In regards to capital employed, Spark Infrastructure Group appears to been achieving more with less, since the business is using 20% less capital to run its operation. If this trend continues, the business might be getting more efficient but it's shrinking in terms of total assets.In Conclusion...
星火基础设施集团(Spark Infrastructure Group)在ROCE增长方面并未令人失望。数据显示,在过去的五年中,资本回报率增长了22%。这不是坏事,因为这说明公司每投入一美元(投入的资本),就会增加从这一美元赚到的钱。在资本投入方面,星火基础设施集团似乎正在用更少的资金取得更大的成就,因为该公司运营的资本减少了20%。如果这种趋势持续下去,业务可能会变得更有效率,但就总资产而言,它正在缩水。总而言之..。
From what we've seen above, Spark Infrastructure Group has managed to increase it's returns on capital all the while reducing it's capital base. Since the stock has returned a solid 44% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
从上面我们看到的情况来看,星火基础设施集团一直在设法提高资本回报率,同时降低资本基础。由于该股在过去五年中向股东的回报率稳定在44%,可以说投资者开始意识到这些变化。话虽如此,我们仍然认为,前景看好的基本面意味着该公司值得进行进一步的尽职调查。
On a final note, we've found3 warning signs for Spark Infrastructure Groupthat we think you should be aware of.
最后,我们发现星火基础设施集团的3个警告标志我们认为你应该意识到这一点。
If you want to search for solid companies with great earnings, check out thisfreelist of companies with good balance sheets and impressive returns on equity.
如果你想寻找收入丰厚的可靠公司,请看下面这篇文章免费拥有良好资产负债表和令人印象深刻的股本回报率的公司名单。
This article by Simply Wall St is general in nature. 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.
这篇由《华尔街日报》撰写的文章本质上是笼统的。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。简单地说,华尔街在提到的任何股票中都没有头寸。
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