Yihai International Holding (HKG:1579) Will Be Hoping To Turn Its Returns On Capital Around
Yihai International Holding (HKG:1579) Will Be Hoping To Turn Its Returns On Capital Around
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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 when we looked at Yihai International Holding (HKG:1579), they do have a high ROCE, but we weren't exactly elated from how returns are trending.
要找到一只多袋装箱的股票,我们应该在企业中寻找哪些潜在趋势?首先,我们希望看到经过验证的 返回 关于正在增加的资本使用率(ROCE),其次是扩大 基础 所用资本的百分比。如果你看到这一点,那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。所以当我们看的时候 艺海国际控股 (HKG: 1579),他们的投资回报率确实很高,但我们对回报趋势并不感到兴高采烈。
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. Analysts use this formula to calculate it for Yihai International Holding:
对于那些不确定ROCE是什么的人来说,它衡量的是公司从业务中使用的资本中可以产生的税前利润。分析师使用以下公式为艺海国际控股计算得出:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用资本回报率 = 利息和税前收益 (EBIT) ÷(总资产-流动负债)
0.25 = CN¥1.2b ÷ (CN¥5.3b - CN¥562m) (Based on the trailing twelve months to June 2023).
0.25 = CN¥1.2b ≤(CN¥5.3b-CN¥562m) (基于截至 2023 年 6 月的过去十二个月)。
So, Yihai International Holding has an ROCE of 25%. In absolute terms that's a great return and it's even better than the Food industry average of 9.3%.
所以, 艺海国际控股的投资回报率为25%。 从绝对值来看,这是一个不错的回报,甚至比食品行业9.3%的平均水平还要好。
View our latest analysis for Yihai International Holding
查看我们对怡海国际控股的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231025/0-631cf98f4e02af490e48f1b4c47ca927-0-9c32d6e8afdb233836d54f28386ae58b.png/big)
Above you can see how the current ROCE for Yihai International Holding compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上方你可以看到益海国际控股目前的投资回报率与其先前的资本回报率相比如何,但从过去你能看出来只有这么多。如果你有兴趣,可以在我们的网站上查看分析师的预测 免费的 分析师对公司的预测报告。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
On the surface, the trend of ROCE at Yihai International Holding doesn't inspire confidence. While it's comforting that the ROCE is high, five years ago it was 32%. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It may take some time before the company starts to see any change in earnings from these investments.
从表面上看,益海国际控股的ROCE趋势并不能激发信心。尽管投资回报率之高令人欣慰,但五年前为32%。另一方面,去年,该公司一直在使用更多资金,但销售额没有相应改善,这可能表明这些投资是长期投资。公司可能需要一段时间才能开始看到这些投资的收益发生任何变化。
Our Take On Yihai International Holding's ROCE
我们对益海国际控股的投资回报率的看法
Bringing it all together, while we're somewhat encouraged by Yihai International Holding's reinvestment in its own business, we're aware that returns are shrinking. Since the stock has declined 24% over the last five years, investors may not be too optimistic on this trend improving either. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
综上所述,尽管益海国际控股对自身业务的再投资令我们有些鼓舞,但我们意识到回报正在萎缩。由于该股在过去五年中下跌了24%,因此投资者也可能对这种改善趋势不太乐观。无论如何,这只股票不具有上面讨论的多袋股票的特征,因此,如果您要寻找的东西,我们认为您在其他地方运气会更好。
If you're still interested in Yihai International Holding it's worth checking out our FREE intrinsic value approximation to see if it's trading at an attractive price in other respects.
如果你仍然对艺海国际控股感兴趣,那么值得看看我们的 免费内在值近似值 看看它在其他方面是否以有吸引力的价格交易。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回报是实现强劲业绩的关键因素,所以请查看我们的 免费的 资产负债表稳健的股票清单,股本回报率高。
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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,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。