Return Trends At Guangdong Baolihua New Energy Stock (SZSE:000690) Aren't Appealing
Return Trends At Guangdong Baolihua New Energy Stock (SZSE:000690) Aren't Appealing
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. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Guangdong Baolihua New Energy Stock (SZSE:000690), we don't think it's current trends fit the mold of a multi-bagger.
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。首先,我们想找一个正在成长的 返回 关于已用资本(ROCE),然后除此之外,还不断增加 基础 所用资本的比例。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。但是,在调查了广东宝利华新能源股票(深交所股票代码:000690)之后,我们认为目前的趋势不符合多袋机的模式。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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. To calculate this metric for Guangdong Baolihua New Energy Stock, this is the formula:
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。要计算广东宝利华新能源股票的这个指标,公式如下:
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)
0.045 = CN¥762m ÷ (CN¥21b - CN¥4.0b) (Based on the trailing twelve months to September 2023).
0.045 = 7.62亿元人民币 ÷(21亿元人民币-4.0亿元人民币) (基于截至2023年9月的过去十二个月)。
So, Guangdong Baolihua New Energy Stock has an ROCE of 4.5%. In absolute terms, that's a low return and it also under-performs the Renewable Energy industry average of 5.8%.
因此,广东宝利华新能源股票的投资回报率为4.5%。从绝对值来看,这是一个低回报,其表现也低于可再生能源行业5.8%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240326/0-66677d92cba9185d07663518504e39aa-0-2115dabe7d36c16289b1f561a78da76b.png/big)
In the above chart we have measured Guangdong Baolihua New Energy Stock'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 analyst report for Guangdong Baolihua New Energy Stock .
在上图中,我们将广东宝利华新能源股票先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。如果你想了解分析师对未来的预测,你应该查看我们对广东宝利华新能源股票的免费分析师报告。
How Are Returns Trending?
退货趋势如何?
Over the past five years, Guangdong Baolihua New Energy Stock's ROCE and capital employed have both remained mostly flat. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. So don't be surprised if Guangdong Baolihua New Energy Stock doesn't end up being a multi-bagger in a few years time.
在过去的五年中,广东宝利华新能源股票的投资回报率和所用资本均基本持平。在研究一家成熟稳定的企业时,这种情况并不少见,因为该企业可能已经过了商业周期的这一阶段,因此不进行收益再投资。因此,如果广东宝利华新能源股票在几年内没有成为多头股票,也不要感到惊讶。
Another point to note, we noticed the company has increased current liabilities over the last five years. This is intriguing because if current liabilities hadn't increased to 19% of total assets, this reported ROCE would probably be less than4.5% because total capital employed would be higher.The 4.5% ROCE could be even lower if current liabilities weren't 19% of total assets, because the the formula would show a larger base of total capital employed. So while current liabilities isn't high right now, keep an eye out in case it increases further, because this can introduce some elements of risk.
需要注意的另一点是,我们注意到该公司的流动负债在过去五年中有所增加。这很有趣,因为如果流动负债没有增加到总资产的19%,则报告的投资回报率可能低于4.5%,因为所使用的总资本会更高。如果流动负债不占总资产的19%,4.5%的投资回报率可能会更低,因为该公式将显示动用总资本的基数更大。因此,尽管目前的流动负债并不高,但要注意以防其进一步增加,因为这可能会带来一些风险因素。
The Key Takeaway
关键要点
We can conclude that in regards to Guangdong Baolihua New Energy Stock's returns on capital employed and the trends, there isn't much change to report on. Since the stock has declined 35% over the last five years, investors may not be too optimistic on this trend improving either. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
我们可以得出结论,就广东宝利华新能源股票的动用资本回报率和趋势而言,没有太大的变化可以报告。由于该股在过去五年中下跌了35%,因此投资者对这一趋势的改善可能也不太乐观。无论如何,该股票不具有上面讨论的多袋装股票的特征,因此,如果您正在寻找这种特征,我们认为您在其他地方会更幸运。
On a separate note, we've found 1 warning sign for Guangdong Baolihua New Energy Stock you'll probably want to know about.
另一方面,我们发现了你可能想知道的广东宝利华新能源股票的1个警告信号。
While Guangdong Baolihua New Energy Stock 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.
尽管广东宝利华新能源股票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。
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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。