Qianhe Condiment and Food (SHSE:603027) Might Have The Makings Of A Multi-Bagger
Qianhe Condiment and Food (SHSE:603027) Might Have The Makings Of A Multi-Bagger
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'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Qianhe Condiment and Food (SHSE:603027) and its trend of ROCE, we really liked what we saw.
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,我们希望看到经过验证的 返回 关于正在增加的资本使用率(ROCE),其次是扩大 基础 所用资本的比例。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。因此,当我们研究千和调味品(SHSE: 603027)及其投资回报率的趋势时,我们真的很喜欢我们所看到的。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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 Qianhe Condiment and Food, 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)。要计算千和调味品和食品的这个指标,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)
0.17 = CN¥610m ÷ (CN¥4.1b - CN¥554m) (Based on the trailing twelve months to September 2023).
0.17 = 6.1亿元人民币 ÷(41亿元人民币-5.54亿元人民币) (基于截至2023年9月的过去十二个月)。
Thus, Qianhe Condiment and Food has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Food industry average of 7.6% it's much better.
因此,千和调味品的投资回报率为17%。从绝对值来看,这是一个令人满意的回报,但与食品行业的平均水平7.6%相比,回报要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240404/0-7edde5862b107c8e91ba957c615f057c-0-c2f0b5d23f783a31e7b22ad63db29d8f.png/big)
In the above chart we have measured Qianhe Condiment and Food's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Qianhe Condiment and Food for free.
在上图中,我们将千和调味品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。如果你愿意,你可以免费查看分析师对千和调味品和食品的预测。
How Are Returns Trending?
退货趋势如何?
Qianhe Condiment and Food is displaying some positive trends. Over the last five years, returns on capital employed have risen substantially to 17%. Basically the business is earning more per dollar of capital invested and in addition to that, 124% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
千和调味品显示出一些积极的趋势。在过去五年中,已动用资本回报率大幅上升至17%。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124%。越来越多的资本所带来的回报率不断增加在多袋公司中很常见,这就是为什么我们印象深刻的原因。
What We Can Learn From Qianhe Condiment and Food's ROCE
我们可以从千和调味品的ROCE中学到什么
To sum it up, Qianhe Condiment and Food has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
总而言之,千和调味食品已经证明,它可以对业务进行再投资,并从所使用的资本中获得更高的回报,这太棒了。而且,由于该股在过去五年中表现异常出色,投资者正在考虑这些模式。话虽如此,我们仍然认为前景良好的基本面意味着公司值得进一步的尽职调查。
Qianhe Condiment and Food does have some risks though, and we've spotted 2 warning signs for Qianhe Condiment and Food that you might be interested in.
但是,千和调味品确实存在一些风险,我们已经发现了两个你可能会感兴趣的千和调味品和食品的警告信号。
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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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。