Returns Are Gaining Momentum At Asian Star Anchor Chain Jiangsu (SHSE:601890)
Returns Are Gaining Momentum At Asian Star Anchor Chain Jiangsu (SHSE:601890)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Asian Star Anchor Chain Jiangsu's (SHSE:601890) returns on capital, so let's have a look.
如果我们想找到一只可以长期成倍增长的股票,我们应该寻找哪些潜在趋势?通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 所用资本的比例。如果你看到这一点,这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。说到这里,我们注意到亚洲之星锚链江苏(SHSE: 601890)的资本回报率发生了一些重大变化,所以让我们来看看吧。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Asian Star Anchor Chain Jiangsu, this is the formula:
如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。要计算江苏亚洲之星锚链的这个指标,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)
0.049 = CN¥203m ÷ (CN¥5.0b - CN¥860m) (Based on the trailing twelve months to September 2023).
0.049 = 2.03亿元人民币 ≤(CN¥5.0b-8.60m CN¥860m) (基于截至2023年9月的过去十二个月)。
So, Asian Star Anchor Chain Jiangsu has an ROCE of 4.9%. In absolute terms, that's a low return but it's around the Machinery industry average of 6.0%.
因此,江苏亚洲之星锚链的投资回报率为4.9%。从绝对值来看,回报率很低,但约为机械行业的平均水平6.0%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240326/0-0677330186daf36ed05fb5aa14d17ad0-0-5f8ca6cf0aa31e2b11dc0c24a9795f55.png/big)
In the above chart we have measured Asian Star Anchor Chain Jiangsu'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 Asian Star Anchor Chain Jiangsu .
在上图中,我们将亚洲之星锚链江苏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。如果您有兴趣,可以在我们对江苏亚洲之星锚链的免费分析师报告中查看分析师的预测。
What Does the ROCE Trend For Asian Star Anchor Chain Jiangsu Tell Us?
亚洲明星锚链江苏的ROCE趋势告诉我们什么?
Asian Star Anchor Chain Jiangsu has recently broken into profitability so their prior investments seem to be paying off. About five years ago the company was generating losses but things have turned around because it's now earning 4.9% on its capital. And unsurprisingly, like most companies trying to break into the black, Asian Star Anchor Chain Jiangsu is utilizing 33% more capital than it was five years ago. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
江苏亚洲之星锚链公司最近实现盈利,因此他们先前的投资似乎正在获得回报。大约五年前,该公司出现了亏损,但情况已经好转,因为它现在的资本收益为4.9%。毫不奇怪,与大多数试图打入黑盘的公司一样,江苏亚洲之星锚链的资本使用量比五年前增加了33%。这可以告诉我们,该公司有大量的再投资机会,能够产生更高的回报。
Our Take On Asian Star Anchor Chain Jiangsu's ROCE
我们对亚洲之星锚链江苏ROCE的看法
Overall, Asian Star Anchor Chain Jiangsu gets a big tick from us thanks in most part to the fact that it is now profitable and is reinvesting in its business. Considering the stock has delivered 16% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So with that in mind, we think the stock deserves further research.
总体而言,江苏亚洲之星锚链大获成功,这在很大程度上要归功于它现在已经盈利并且正在对其业务进行再投资。考虑到该股在过去五年中已为股东带来了16%的收益,可以公平地认为,投资者尚未完全意识到前景的趋势。因此,考虑到这一点,我们认为该股值得进一步研究。
On a separate note, we've found 2 warning signs for Asian Star Anchor Chain Jiangsu you'll probably want to know about.
另一方面,我们发现了你可能想知道的两个江苏亚洲之星锚链的警告信号。
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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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。