Abatshalizimali bavame ukuqhutshwa umqondo wokuthola "into enkulu elandelayo", noma ngabe kusho ukuthenga "izitoko zomlando" ezingakhiqizi noma iyiphi imali, ingasaphathwa inzuzo. Kodwa, njengoba uPeter Lynch esho ku-One Up On Wall Street, “Umbono cishe awuzuzi lutho.”
Ngakho-ke, uma lo mbono onobungozi obukhulu, womvuzo ophezulu ungewona owakho, ungase ube nentshisekelo engaphezulu enkampanini enenzuzo, ekhulayo njengeMarriott Vacations Worldwide (NYSE:VAC). Ngisho noma inkampani ithola inani lemakethe elifanelekile, abatshalizimali bazovuma ukuthi amaholo aqhubekayo azoqhubeka nokuhlinzeka uMarriott ngezindlela zokuletha inani lesikhathi eside labanikazi bamasheya.
Abatshalizimali kanye nezikhwama zokutshalwa kwezimali zijaha amaholo, okusho ukuthi izintengo zesitoko zivame ukukhuphuka ngenzuzo enhle ngesheya ngalinye (EPS). Yingakho i-EPS inamandla kakhulu. I-Marriott International inyuse iholo layo ngesheya ngalinye lisuka ku-$3.16 laya ku-$11.41 ngonyaka owodwa nje vo, okuwumsebenzi omkhulu. Nakuba leli zinga lokukhula lingase lingaphindi, libukeka njengempumelelo.
Kuyasiza kakhulu ukubheka amaholo ngaphambi kwenzalo nezintela (EBIT) kanye nokukhula kwemali engenayo ukuze uthole okunye ukubheka izinga lokukhula kwenkampani. Ukuhlaziya kwethu kubonisa ukuthi imali engenayo yokusebenza kwe-Marriott International ayifaki yonke imali engenayo kulezi zinyanga eziyi-12 ezidlule, ngakho ukuhlaziya kwethu amamajini ayo kungase kungabonisi ngokunembile ibhizinisi layo eliyinhloko. Okujabulisa abanikazi bamasheya bomhlaba wonke be-Marriott Vacations, amamajini e-EBIT anyuke esuka ku-20% aya ku-24% kulezi zinyanga eziyi-12 ezidlule, futhi imali engenayo iyanda futhi. Kuzo zombili izimo, kuhle ukubona lokho.
Ungabheka imali engenayo yenkampani namathrendi okukhula kweholo njengoba kukhonjisiwe eshadini elingezansi. Ukuze ubone izinombolo zangempela, chofoza kugrafu.
Ngenhlanhla, siyakwazi ukufinyelela izibikezelo zomhlaziyi wezinzuzo zesikhathi esizayo ze-Marriott Vacations Worldwide. Ungenza isibikezelo ngokwakho ngaphandle kokubheka, noma ungabheka izibikezelo zochwepheshe.
Abatshalizimali bazizwa bephephile uma abangaphakathi nabo bengamasheya enkampani, ngaleyo ndlela baqondanise izintshisekelo zabo. Abaninimasheya bazojabula ngokuthi abangaphakathi banenani elikhulu lesitoko seMarriott Vacations Worldwide. Eqinisweni, batshale ingcebo enkulu okwamanje emi ku-$103 million. Abatshalizimali bazokwazisa ukuthi abaphathi banentshisekelo enkulu emdlalweni njengoba kukhombisa ukuzibophezela kwabo ekusaseni lenkampani.
Kuhle ukubona abangaphakathi betshala imali enkampanini, kodwa ingabe amazinga okukhokha anengqondo? Ukuhlaziya kwethu kafushane umholo we-CEO kubonakala kuphakamisa ukuthi kunjalo. Ezinkampanini ezinemali yemakethe ephakathi kuka-$200 wezigidi kanye no-$6.4 wezigidigidi, njengeMarriott Vacations Worldwide, isinxephezelo se-CEO esimaphakathi silinganiselwa ku-$6.8 million.
NgoDisemba 2022, i-CEO ye-Marriott Vacations Worldwide ithole iphakethe lesinxephezelo elifinyelela ku-$4.1 million. Lokhu kungaphansi kwesilinganiso sezinkampani ezinosayizi ofanayo futhi kubonakala kunengqondo impela. Nakuba izinga lomholo we-CEO kungafanele libe yisici esikhulu esithonya isithombe senkampani, iholo elincane liyinto enhle, njengoba libonisa ukuthi ibhodi labaqondisi liyayikhathalela intshisekelo yabanikazi bamasheya. Ngokuvamile, izinga elizwakalayo lomholo lingathethelela ukwenza izinqumo ezinhle.
Ukukhula kweholo ngesheya ngalinye leMarriott Vacations Worldwide kuyancomeka. Ibhonasi eyengeziwe kulabo abanentshisekelo ukuthi abaphathi banenani elikhulu lamasheya futhi i-CEO ithola iholo elihle, elibonisa ukuphathwa kahle kwemali. Ukweqa okukhulu kweholo kungase kubonise umfutho omuhle webhizinisi. Ukukhula okukhulu kungaholela kwabaphumelele kakhulu, yingakho amabika esitshela ukuthi iMarriott Resorts International idinga ukunakwa ngokucophelela. Kodwa-ke, ngaphambi kokuthi ujabule kakhulu, sibone izimpawu eziyisixwayiso ezingu-2 (esi-1 sazo esithe ukuba kude!) Ezindaweni zokungcebeleka ze-Marriott International okufanele uziqaphele.
Ubuhle bokutshala imali ukuthi ungatshala cishe kunoma iyiphi inkampani. Kodwa uma ukhetha ukugxila esitokweni esibonise ukuziphatha kwangaphakathi, nalu uhlu lwezinkampani ezithenge ngaphakathi ezinyangeni ezintathu ezedlule.
Sicela uqaphele ukuthi ukuhweba kwangaphakathi okuxoxwe ngakho kulesi sihloko kubhekisela emisebenzini engaphansi kokubhaliswa ezindaweni ezifanele.
I-Marriott Vacations Worldwide Inc. yinkampani ephethe iholide ethuthukisa, imakethe, idayise futhi iphathe impahla yeholide kanye nemikhiqizo ehlobene.bonisa okwengeziwe
Ikhona yini impendulo kulesi sihloko? Ukhathazekile ngokuqukethwe? Xhumana nathi ngokuqondile. Noma, thumela i-imeyili kubahleli ku-(at) Simplywallst.com. Lesi sihloko seSimply Wall St sijwayelekile. Sisebenzisa indlela engachemi kuphela ukuze sinikeze izibuyekezo ezisekelwe kudatha yomlando nezibikezelo zomhlaziyi, futhi izindatshana zethu azihloselwe ukunikeza iseluleko sezezimali. Akusona isincomo ukuthenga noma ukuthengisa noma yisiphi isitoko futhi akunaki imigomo yakho noma isimo sakho sezezimali. Umgomo wethu uwukukunikeza ukuhlaziya okugxilile kwesikhathi eside okusekelwe kudatha eyisisekelo. Sicela uqaphele ukuthi ukuhlaziya kwethu kungase kungacabangeli izimemezelo zakamuva zezinkampani ezizwela amanani noma izinto zekhwalithi. I-Simply Wall St ayinazo izikhundla kunoma yiziphi izitoko ezishiwo ngenhla.
I-Marriott Vacations Worldwide Inc. yinkampani ephethe iholide ethuthukisa, imakethe, idayise futhi iphathe impahla yeholide kanye nemikhiqizo ehlobene.
I-Simply Wall Street Pty Ltd (ACN 600 056 611) ingummeleli webhizinisi ogunyaziwe we-Sanlam Private Wealth Pty Ltd (AFSL No. 337927) (Inombolo Yokumela Ogunyaziwe: 467183). Noma isiphi iseluleko esiqukethwe kule webhusayithi sivamile ngokwemvelo futhi asizange sibhalwe ngokuphathelene nezinhloso zakho, isimo sakho sezezimali noma izidingo zakho. Akufanele uthembele kunoma yisiphi iseluleko kanye/noma ulwazi oluqukethwe kule webhusayithi futhi ngaphambi kokwenza noma yisiphi isinqumo sokutshala izimali sincoma ukuthi ucabangele ukuthi sivumelana yini nezimo zakho futhi ufune iseluleko esifanele sezezimali, intela nezomthetho. Sicela ufunde umhlahlandlela wethu wezinkonzo zezezimali ngaphambi kokuthatha isinqumo sokuthi uzozithola yini izinsiza zezezimali kithi.
Isikhathi sokuthumela: Jun-30-2023