Here's What's Concerning About Binjiang Service Group's (HKG:3316) Returns On Capital
Here's What's Concerning About Binjiang Service Group's (HKG:3316) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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. Looking at Binjiang Service Group (HKG:3316), it does have a high ROCE right now, but lets see how returns are trending.
你知道有一些财务指标可以为潜在的多袋装袋者提供线索吗?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 已动用资本的百分比。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。纵观滨江服务集团(HKG: 3316),它目前的投资回报率确实很高,但让我们看看回报的趋势如何。
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 Binjiang Service Group:
如果您不确定,可以澄清一下,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。分析师使用以下公式为滨江服务集团计算:
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)
0.43 = CN¥554m ÷ (CN¥3.9b - CN¥2.6b) (Based on the trailing twelve months to June 2023).
0.43 = CN¥5.54 亿元 ≤(CN¥3.9b-CN¥2.6b) (基于截至 2023 年 6 月的过去十二个月)。
Therefore, Binjiang Service Group has an ROCE of 43%. That's a fantastic return and not only that, it outpaces the average of 8.2% earned by companies in a similar industry.
因此,滨江服务集团的投资回报率为43%。这是一个不错的回报,不仅如此,它还超过了同类行业公司8.2%的平均收入。
View our latest analysis for Binjiang Service Group
查看我们对滨江服务集团的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231113/0-4849c45aa8ce042049d669f341208c7a-0-0d6a5a6358a4f0e9e710c4df97733445.png/big)
In the above chart we have measured Binjiang Service Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Binjiang Service Group.
在上面的图表中,我们对滨江服务集团之前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果您想了解分析师对未来的预测,则应查看我们为滨江服务集团提供的免费报告。
How Are Returns Trending?
退货趋势如何?
In terms of Binjiang Service Group's historical ROCE movements, the trend isn't fantastic. To be more specific, while the ROCE is still high, it's fallen from 56% where it was five years ago. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. If these investments prove successful, this can bode very well for long term stock performance.
就滨江服务集团的历史投资回报率走势而言,这种趋势并不理想。更具体地说,尽管投资回报率仍然很高,但已从五年前的56%有所下降。但是,鉴于资本使用量和收入均有所增加,由于短期回报,该业务目前似乎正在追求增长。如果这些投资被证明是成功的,那么这对于股票的长期表现来说是个好兆头。
On a side note, Binjiang Service Group's current liabilities are still rather high at 67% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
顺便说一句,滨江服务集团的流动负债仍然相当高,占总资产的67%。这可能会带来一些风险,因为该公司的运营基本上相当依赖其供应商或其他类型的短期债权人。虽然这不一定是一件坏事,但如果这个比率较低,可能会有好处。
The Key Takeaway
关键要点
While returns have fallen for Binjiang Service Group in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. In light of this, the stock has only gained 17% over the last three years. So this stock may still be an appealing investment opportunity, if other fundamentals prove to be sound.
尽管近期滨江服务集团的回报率有所下降,但我们欣慰地看到,销售额在增长,业务正在对其运营进行再投资。有鉴于此,该股在过去三年中仅上涨了17%。因此,如果其他基本面被证明是健全的,那么这只股票可能仍然是一个有吸引力的投资机会。
On a separate note, we've found 1 warning sign for Binjiang Service Group you'll probably want to know about.
在另一份说明中,我们为滨江服务集团找到了一个警告信号,你可能想知道。
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.
高回报是强劲表现的关键因素,因此请查看我们的免费股本回报率高且资产负债表稳健的股票清单。
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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。