Luyang Energy-Saving Materials' (SZSE:002088) Returns Have Hit A Wall
Luyang Energy-Saving Materials' (SZSE:002088) Returns Have Hit A Wall
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. 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. With that in mind, the ROCE of Luyang Energy-Saving Materials (SZSE:002088) looks decent, right now, so lets see what the trend of returns can tell us.
如果你在寻找下一款多袋装机时不确定从哪里开始,那么你应该注意一些关键趋势。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。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。考虑到这一点,鲁阳节能材料(SZSE:002088)的投资回报率目前看起来不错,所以让我们看看回报趋势能告诉我们什么。
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. The formula for this calculation on Luyang Energy-Saving Materials is:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。鲁阳节能材料的计算公式为:
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)
0.19 = CN¥555m ÷ (CN¥3.7b - CN¥852m) (Based on the trailing twelve months to September 2023).
0.19 = 5.55亿元人民币 ÷(37亿元人民币-8.52亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Luyang Energy-Saving Materials has an ROCE of 19%. In absolute terms, that's a satisfactory return, but compared to the Chemicals industry average of 5.7% it's much better.
因此,陆洋节能材料的投资回报率为19%。从绝对值来看,这是一个令人满意的回报,但与化工行业平均水平的5.7%相比,回报要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240229/0-3adcc5628915029b74a8daeef8f20e60-0-e30c2f936b5ae1d0ee9a638ffbaa120d.png/big)
Above you can see how the current ROCE for Luyang Energy-Saving Materials 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 analyst report for Luyang Energy-Saving Materials .
上面你可以看到陆洋节能材料当前的投资回报率与之前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果您有兴趣,可以在我们的免费鲁阳节能材料分析师报告中查看分析师的预测。
How Are Returns Trending?
退货趋势如何?
While the current returns on capital are decent, they haven't changed much. Over the past five years, ROCE has remained relatively flat at around 19% and the business has deployed 46% more capital into its operations. 19% is a pretty standard return, and it provides some comfort knowing that Luyang Energy-Saving Materials has consistently earned this amount. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
尽管目前的资本回报率不错,但变化不大。在过去的五年中,ROCE一直保持相对平稳,约为19%,该业务在运营中投入的资本增加了46%。19%的回报率相当标准,得知陆阳节能材料一直赚到这笔钱,这让人感到欣慰。这个大概的稳定回报可能并不令人兴奋,但如果能够长期维持这些回报,它们通常会为股东提供丰厚的回报。
What We Can Learn From Luyang Energy-Saving Materials' ROCE
我们可以从陆洋节能材料的ROCE中学到什么
To sum it up, Luyang Energy-Saving Materials has simply been reinvesting capital steadily, at those decent rates of return. And the stock has done incredibly well with a 120% return over the last five years, so long term investors are no doubt ecstatic with that result. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.
总而言之,陆阳节能材料一直在稳步进行资本再投资,回报率不错。在过去五年中,该股表现非常出色,回报率为120%,因此,长期投资者无疑对这一结果欣喜若狂。因此,尽管积极的潜在趋势可能由投资者解释,但我们仍然认为该股值得进一步研究。
If you want to continue researching Luyang Energy-Saving Materials, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果你想继续研究陆洋节能材料,你可能有兴趣了解我们的分析发现的1个警告信号。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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