There's Been No Shortage Of Growth Recently For China Oil HBP Science & Technology's (SZSE:002554) Returns On Capital
There's Been No Shortage Of Growth Recently For China Oil HBP Science & Technology's (SZSE:002554) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing 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 China Oil HBP Science & Technology's (SZSE:002554) 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?一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 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,我们注意到中油汇丰科技(SZSE:002554)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 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 China Oil HBP Science & Technology, 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。要计算中油 HBP 科学与技术的这个指标,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)
0.028 = CN¥99m ÷ (CN¥5.6b - CN¥2.1b) (Based on the trailing twelve months to September 2023).
0.028 = 9900万元人民币 ÷(56亿元人民币-21亿元人民币) (基于截至2023年9月的过去十二个月)。
So, China Oil HBP Science & Technology has an ROCE of 2.8%. Ultimately, that's a low return and it under-performs the Energy Services industry average of 7.8%.
因此,中油HBP科学与技术的投资回报率为2.8%。归根结底,这是一个低回报,其表现低于能源服务行业7.8%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240404/0-8a097e53410395d815151df53699ee0d-0-6b3e51a873b315f3000a3db10f311502.png/big)
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you're interested in investigating China Oil HBP Science & Technology's past further, check out this free graph covering China Oil HBP Science & Technology's past earnings, revenue and cash flow.
虽然过去并不能代表未来,但了解一家公司的历史表现可能会有所帮助,这就是我们上面有这张图表的原因。如果你有兴趣进一步调查中油HBP Science & Technology的过去,请查看这张免费图表,该图表涵盖了中油HBP科学与技术过去的收益、收入和现金流。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 40% in that same time. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects.
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。更具体地说,尽管该公司在过去五年中一直保持相对平稳的资本使用率,但同期投资回报率增长了40%。基本上,该业务正在从相同数量的资本中获得更高的回报,这证明了公司的效率有所提高。从这个意义上讲,该公司表现良好,值得研究管理团队对长期增长前景的计划。
Our Take On China Oil HBP Science & Technology's ROCE
我们对中石油 HBP Sciece & Technology ROCE 的看法
In summary, we're delighted to see that China Oil HBP Science & Technology has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And since the stock has fallen 18% over the last five years, there might be an opportunity here. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
总之,我们很高兴看到中油HBP Science & Technology能够提高效率,并在相同金额的资本中获得更高的回报率。而且,由于该股在过去五年中下跌了18%,因此这里可能有机会。既然如此,对公司当前估值指标和未来前景的研究似乎很合适。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for 002554 that compares the share price and estimated value.
但是,在得出任何结论之前,我们需要知道当前股价将获得什么价值。在这里,您可以查看我们对002554的免费内在价值估算,其中比较了股价和估计价值。
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。