The Return Trends At Jilin Expressway (SHSE:601518) Look Promising
The Return Trends At Jilin Expressway (SHSE:601518) Look Promising
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, Jilin Expressway (SHSE:601518) looks quite promising in regards to its trends of return on capital.
我们应该寻找什么样的趋势,我们想要找出能够长期成倍增值的股票?在一个完美的世界里,我们希望看到一家公司向其业务投入更多资本,理想情况下,从这些资本中赚取的回报也在增加。这向我们表明,它是一台复合机器,能够不断地将其收益再投资于企业,并产生更高的回报。所以在这个音符上,吉林高速公路(上交所:601518)在资本回报率趋势方面看起来相当有希望。
What Is Return On Capital Employed (ROCE)?
什么是资本回报率(ROCE)?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Jilin Expressway, this is the formula:
对于那些不知道的人来说,ROCE是一家公司的年度税前利润(其回报)相对于业务资本的衡量标准。要计算吉林高速公路的这一指标,公式如下:
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)
0.13 = CN¥645m ÷ (CN¥5.9b - CN¥828m) (Based on the trailing twelve months to June 2023).
0.13=CN元6.45亿?(CN元59亿-CN元8.28亿)(根据截至2023年6月的往绩12个月计算)。
Therefore, Jilin Expressway has an ROCE of 13%. On its own, that's a standard return, however it's much better than the 4.7% generated by the Infrastructure industry.
所以呢,吉林高速公路ROCE为13%。就其本身而言,这是一个标准的回报率,但它比基础设施行业4.7%的回报率要好得多。
Check out our latest analysis for Jilin Expressway
查看我们对吉林高速公路的最新分析
Historical performance is a great place to start when researching a stock so above you can see the gauge for Jilin Expressway's ROCE against it's prior returns. If you're interested in investigating Jilin Expressway's past further, check out this free graph of past earnings, revenue and cash flow.
在研究一只股票时,历史表现是一个很好的起点,因为在历史表现上方,你可以看到吉林高速公路ROCE与其先前回报的指标。如果你有兴趣进一步调查吉林高速公路的过去,请查看以下内容免费过去收益、收入和现金流的图表。
What Can We Tell From Jilin Expressway's ROCE Trend?
从吉林高速公路的ROCE趋势中我们可以看出什么?
Jilin Expressway's ROCE growth is quite impressive. The figures show that over the last five years, ROCE has grown 62% whilst employing roughly the same amount of capital. 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.
吉林高速公路的ROCE增长令人印象深刻。数据显示,在过去五年中,ROCE增长了62%,同时雇佣了大致相同数量的资本。基本上,这项业务从相同数额的资本中产生了更高的回报,这证明了公司的效率有所提高。从这个意义上讲,该公司的表现很好,值得研究一下管理团队对长期增长前景的规划。
The Key Takeaway
关键的外卖
To sum it up, Jilin Expressway is collecting higher returns from the same amount of capital, and that's impressive. Since the stock has only returned 31% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. Given that, we'd look further into this stock in case it has more traits that could make it multiply in the long term.
综上所述,吉林高速公路正在从相同的资本中获得更高的回报,这是令人印象深刻的。由于该股在过去五年中只向股东回报了31%,因此前景看好的基本面可能还没有得到投资者的认可。有鉴于此,我们会进一步研究这只股票,以防它有更多的特征,使其在长期内成倍增长。
While Jilin Expressway looks impressive, no company is worth an infinite price. The intrinsic value infographic in our free research report helps visualize whether 601518 is currently trading for a fair price.
虽然吉林高速公路看起来令人印象深刻,但没有一家公司值无限的价格。我们的内部价值信息图免费研究报告有助于直观地了解601518目前的交易价格是否合理。
While Jilin Expressway isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然吉林高速公路并没有获得最高的回报,但看看这个免费资产负债表稳健、股本回报率高的公司名单。
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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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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。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。Simply Wall St.对上述任何一只股票都没有持仓。