Anhui Gujing Distillery (SZSE:000596) Looks To Prolong Its Impressive Returns
Anhui Gujing Distillery (SZSE:000596) Looks To Prolong Its Impressive Returns
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. That's why when we briefly looked at Anhui Gujing Distillery's (SZSE:000596) ROCE trend, we were very happy with what we saw.
我们应该寻找哪些早期趋势来确定一只可能长期价值成倍增长的股票?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。归根结底,这表明这是一家以不断提高的回报率对利润进行再投资的企业。这就是为什么当我们简要查看安徽古井酒厂(SZSE: 000596)的ROCE趋势时,我们对所看到的情况感到非常满意。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (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. To calculate this metric for Anhui Gujing Distillery, this is the formula:
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。要计算安徽古井酒厂的这个指标,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)
0.26 = CN¥5.8b ÷ (CN¥35b - CN¥13b) (Based on the trailing twelve months to September 2023).
0.26 = 58亿元人民币 ÷(35亿元人民币-13亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Anhui Gujing Distillery has an ROCE of 26%. That's a fantastic return and not only that, it outpaces the average of 13% earned by companies in a similar industry.
因此,安徽古井酒厂的投资回报率为26%。这是一个了不起的回报,不仅如此,它还超过了同类行业公司13%的平均收入。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240401/0-20b3f20872f43e0195ce2f185f1c52ca-0-b79b49630109645c04f37235311fdd6e.png/big)
In the above chart we have measured Anhui Gujing Distillery'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 Anhui Gujing Distillery .
在上图中,我们将安徽古井酒厂先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。如果你想了解分析师对未来的预测,你应该查看我们的免费安徽古井酒厂分析师报告。
The Trend Of ROCE
ROCE 的趋势
It's hard not to be impressed by Anhui Gujing Distillery's returns on capital. Over the past five years, ROCE has remained relatively flat at around 26% and the business has deployed 186% more capital into its operations. With returns that high, it's great that the business can continually reinvest its money at such appealing rates of return. If these trends can continue, it wouldn't surprise us if the company became a multi-bagger.
安徽古井酒厂的资本回报率很难不给人留下深刻的印象。在过去的五年中,投资回报率一直保持相对平稳,约为26%,该业务在运营中投入的资金增加了186%。在回报如此之高的情况下,企业能够持续以如此诱人的回报率进行资金再投资真是太好了。如果这些趋势能够持续下去,那么如果公司成为一家多口袋公司,我们也就不足为奇了。
The Bottom Line On Anhui Gujing Distillery's ROCE
安徽古井酒厂投资回报率的底线
In summary, we're delighted to see that Anhui Gujing Distillery has been compounding returns by reinvesting at consistently high rates of return, as these are common traits of a multi-bagger. On top of that, the stock has rewarded shareholders with a remarkable 144% return to those who've held over the last five years. 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,我们很高兴看到安徽古井酒厂一直在以持续的高回报率进行再投资,从而增加复合回报,因为这些是多袋装酒厂的共同特征。最重要的是,该股为股东提供了在过去五年中持股的144%的惊人回报率。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。
One more thing: We've identified 2 warning signs with Anhui Gujing Distillery (at least 1 which is a bit unpleasant) , and understanding these would certainly be useful.
还有一件事:我们已经在安徽古井酒厂发现了两个警告标志(至少有一个有点不愉快),了解这些信号肯定会很有用。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司获得高回报,请在此处查看我们的免费高回报且资产负债表稳健的公司名单。
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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。