Returns At Guangdong Great River Smarter Logistics (SZSE:002930) Appear To Be Weighed Down
Returns At Guangdong Great River Smarter Logistics (SZSE:002930) Appear To Be Weighed Down
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Guangdong Great River Smarter Logistics (SZSE:002930) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
如果你正在寻找一款多功能装袋机,有几件事需要注意。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。归根结底,这表明这是一家以更高的回报率对利润进行再投资的企业。话虽如此,乍一看广东长江智慧物流(SZSE:002930),我们并不是在忽视退货趋势,而是让我们更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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. The formula for this calculation on Guangdong Great River Smarter Logistics is:
对于那些不知道的人来说,投资回报率是衡量公司年度税前利润(其回报率)与企业所用资本的关系。广东长江智慧物流的计算公式为:
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)
0.084 = CN¥628m ÷ (CN¥8.8b - CN¥1.3b) (Based on the trailing twelve months to September 2023).
0.084 = CN¥628m ≤(CN¥8.8B-CN¥1.3b) (基于截至2023年9月的过去十二个月)。
Thus, Guangdong Great River Smarter Logistics has an ROCE of 8.4%. On its own that's a low return, but compared to the average of 4.9% generated by the Infrastructure industry, it's much better.
因此,广东长江智慧物流的投资回报率为8.4%。就其本身而言,回报率很低,但与基础设施行业平均产生的4.9%相比,要好得多。
See our latest analysis for Guangdong Great River Smarter Logistics
查看我们对广东长江智慧物流的最新分析
In the above chart we have measured Guangdong Great River Smarter Logistics' 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 Guangdong Great River Smarter Logistics.
在上面的图表中,我们对广东长江智慧物流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。如果你想了解分析师对未来的预测,你应该查看我们关于广东长江智慧物流的免费报告。
So How Is Guangdong Great River Smarter Logistics' ROCE Trending?
那么,广东长江智慧物流的投资回报率趋势如何?
In terms of Guangdong Great River Smarter Logistics' historical ROCE trend, it doesn't exactly demand attention. The company has consistently earned 8.4% for the last five years, and the capital employed within the business has risen 237% in that time. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
就广东长江智慧物流的历史投资回报率趋势而言,这并不完全值得关注。在过去五年中,该公司的收入持续为8.4%,在此期间,该业务中使用的资本增长了237%。这种糟糕的投资回报率目前并不能激发信心,随着所用资本的增加,很明显,该企业并没有将资金部署到高回报投资中。
Our Take On Guangdong Great River Smarter Logistics' ROCE
我们对广东的看法长江智慧物流的投资回报率
Long story short, while Guangdong Great River Smarter Logistics has been reinvesting its capital, the returns that it's generating haven't increased. Since the stock has gained an impressive 44% over the last five years, investors must think there's better things to come. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high.
长话短说,尽管广东长江智慧物流一直在进行资本再投资,但其产生的回报并未增加。由于该股在过去五年中上涨了令人印象深刻的44%,因此投资者必须认为未来会有更好的事情。但是,如果这些潜在趋势的轨迹继续下去,我们认为它从现在开始成为多管齐下的可能性并不高。
If you'd like to know more about Guangdong Great River Smarter Logistics, we've spotted 2 warning signs, and 1 of them shouldn't be ignored.
如果你想进一步了解广东长江智慧物流,我们发现了两个警告标志,其中一个不容忽视。
While Guangdong Great River Smarter Logistics may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
尽管广东长江智慧物流目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这个免费清单。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。