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Investors Will Want Foryou's (SZSE:002906) Growth In ROCE To Persist

Investors Will Want Foryou's (SZSE:002906) Growth In ROCE To Persist

投资者希望Foryou(深圳证券交易所:002906)的投资回报率持续增长
Simply Wall St ·  03/09 18:55

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Speaking of which, we noticed some great changes in Foryou's (SZSE:002906) returns on capital, so let's have a look.

寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。理想情况下,企业将表现出两种趋势;首先是增长 返回 论资本使用率(ROCE),其次是增加 金额 所用资本的比例。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。说到这里,我们注意到Foryou(深圳证券交易所:002906)的资本回报率发生了一些重大变化,所以让我们来看看吧。

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 Foryou is:

对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。在 Foryou 上进行此计算的公式为:

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)

0.058 = CN¥351m ÷ (CN¥8.9b - CN¥2.9b) (Based on the trailing twelve months to September 2023).

0.058 = 人民币 3.51 亿元 ≤(CN¥8.9b-CN¥2.9b) (基于截至2023年9月的过去十二个月)

Therefore, Foryou has an ROCE of 5.8%. Even though it's in line with the industry average of 5.8%, it's still a low return by itself.

因此,Foryou的投资回报率为5.8%。尽管它与5.8%的行业平均水平一致,但它本身的回报率仍然很低。

roce
SZSE:002906 Return on Capital Employed March 10th 2024
SZSE: 002906 2024 年 3 月 10 日动用资本回报率

In the above chart we have measured Foryou'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 Foryou .

在上图中,我们将Foryou之前的投资回报率与之前的表现进行了对比,但可以说,未来更为重要。如果您有兴趣,可以在我们为Foryou提供的免费分析师报告中查看分析师的预测。

What Can We Tell From Foryou's ROCE Trend?

我们可以从Foryou的投资回报率趋势中得出什么?

Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 5.8%. Basically the business is earning more per dollar of capital invested and in addition to that, 75% more capital is being employed now too. So we're very much inspired by what we're seeing at Foryou thanks to its ability to profitably reinvest capital.

尽管投资回报率的绝对值仍然很低,但很高兴看到它正朝着正确的方向前进。数据显示,在过去五年中,资本回报率大幅上升至5.8%。基本上,企业每投资1美元的资本就能获得更多的收入,除此之外,现在使用的资本也增加了75%。因此,我们在Foryou所看到的情况给我们带来了极大的启发,这要归功于它能够盈利地进行资本再投资。

The Bottom Line On Foryou's ROCE

Foryou's ROCE 的底线

All in all, it's terrific to see that Foryou is reaping the rewards from prior investments and is growing its capital base. And a remarkable 123% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.

总而言之,看到Foryou从先前的投资中获得回报并扩大其资本基础真是太棒了。过去五年中惊人的123%总回报率告诉我们,投资者预计未来还会有更多好事发生。因此,我们认为值得您花时间检查这些趋势是否会持续下去。

Like most companies, Foryou does come with some risks, and we've found 2 warning signs that you should be aware of.

像大多数公司一样,Foryou确实存在一些风险,我们发现了两个你应该注意的警告信号。

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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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.

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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。

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