Returns On Capital Are Showing Encouraging Signs At Ningbo Sanxing Medical ElectricLtd (SHSE:601567)
Returns On Capital Are Showing Encouraging Signs At Ningbo Sanxing Medical ElectricLtd (SHSE:601567)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at Ningbo Sanxing Medical ElectricLtd (SHSE:601567) and its trend of ROCE, we really liked what we saw.
如果我们想找到潜在的多袋装货商,通常有潜在的趋势可以提供线索。在一个完美的世界中,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,从这些资本中获得的回报也在增加。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。因此,当我们查看宁波三星医疗电气有限公司(SHSE: 601567)及其投资回报率的趋势时,我们真的很喜欢我们所看到的。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(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 Ningbo Sanxing Medical ElectricLtd:
为了澄清一下你是否不确定,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。分析师使用这个公式来计算宁波三星医疗电气有限公司的值:
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¥1.6b ÷ (CN¥18b - CN¥5.8b) (Based on the trailing twelve months to September 2023).
0.13 = 16亿元人民币 ÷(18亿元人民币-5.8亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Ningbo Sanxing Medical ElectricLtd has an ROCE of 13%. On its own, that's a standard return, however it's much better than the 6.3% generated by the Electrical industry.
因此,宁波三星医疗电气有限公司的投资回报率为13%。就其本身而言,这是标准回报,但要比电气行业产生的6.3%好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240221/0-3ef3477fa8acd44846a38090f7bd8847-0-1f7b34d3bb7b48d352cb747a4524acf9.png/big)
In the above chart we have measured Ningbo Sanxing Medical ElectricLtd's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Ningbo Sanxing Medical ElectricLtd .
在上图中,我们将宁波三星医疗电气有限公司之前的投资回报率与之前的业绩进行了对比,但可以说,未来更为重要。如果您有兴趣,可以在我们为宁波三星医疗电气有限公司提供的免费分析师报告中查看分析师的预测。
So How Is Ningbo Sanxing Medical ElectricLtd's ROCE Trending?
那么,宁波三星医疗电气有限公司的投资回报率走势如何?
Investors would be pleased with what's happening at Ningbo Sanxing Medical ElectricLtd. Over the last five years, returns on capital employed have risen substantially to 13%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 21%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
投资者会对宁波三星医疗电气有限公司发生的事情感到满意。在过去五年中,已动用资本回报率大幅上升至13%。实际上,该公司每使用1美元资本就能赚更多的钱,值得注意的是,资本金额也增加了21%。这可能表明,内部有很多机会以更高的利率进行资本投资,这种组合在多袋公司中很常见。
The Key Takeaway
关键要点
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Ningbo Sanxing Medical ElectricLtd has. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
一家资本回报率不断提高且能够持续进行自我再投资的公司是一个备受追捧的特征,而这正是宁波三星医疗电气有限公司所拥有的。而且,由于该股在过去五年中表现异常出色,投资者正在考虑这些模式。话虽如此,我们仍然认为前景良好的基本面意味着公司值得进一步的尽职调查。
On a separate note, we've found 1 warning sign for Ningbo Sanxing Medical ElectricLtd you'll probably want to know about.
另一方面,我们发现了你可能想知道的宁波三星医疗电气有限公司的1个警告标志。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。
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