Shareholders Would Enjoy A Repeat Of Zhongman Petroleum and Natural Gas GroupLtd's (SHSE:603619) Recent Growth In Returns
Shareholders Would Enjoy A Repeat Of Zhongman Petroleum and Natural Gas GroupLtd's (SHSE:603619) Recent Growth In Returns
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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 Zhongman Petroleum and Natural Gas GroupLtd's (SHSE:603619) returns on capital, so let's have a look.
要找到一只多袋装箱的股票,我们应该在企业中寻找哪些潜在趋势?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,我们注意到中曼石油天然气集团有限公司(SHSE: 603619)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)
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. The formula for this calculation on Zhongman Petroleum and Natural Gas GroupLtd is:
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。中曼石油天然气集团有限公司的计算公式为:
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)
0.24 = CN¥1.2b ÷ (CN¥8.7b - CN¥3.4b) (Based on the trailing twelve months to September 2023).
0.24 = 12亿元人民币 ÷(8.7亿元人民币-3.4亿元人民币) (基于截至2023年9月的过去十二个月)。
Thus, Zhongman Petroleum and Natural Gas GroupLtd has an ROCE of 24%. In absolute terms that's a great return and it's even better than the Energy Services industry average of 7.3%.
因此,中曼石油天然气集团有限公司的投资回报率为24%。从绝对值来看,这是一个不错的回报,甚至比能源服务行业7.3%的平均水平还要好。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240427/0-2b8eeb48242a10ef1bb81f975f00235f-0-becb4526714d83d31dd200828552d96b.png/big)
In the above chart we have measured Zhongman Petroleum and Natural Gas GroupLtd'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 Zhongman Petroleum and Natural Gas GroupLtd for free.
在上图中,我们将中曼石油天然气集团有限公司之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,你可以免费查看报道中曼石油天然气集团有限公司的分析师的预测。
What Can We Tell From Zhongman Petroleum and Natural Gas GroupLtd's ROCE Trend?
我们可以从中曼石油天然气集团有限公司的ROCE趋势中得出什么?
Zhongman Petroleum and Natural Gas GroupLtd is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 24%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 106%. So we're very much inspired by what we're seeing at Zhongman Petroleum and Natural Gas GroupLtd thanks to its ability to profitably reinvest capital.
中曼石油天然气集团有限公司显示出一些积极的趋势。数据显示,在过去五年中,资本回报率大幅上升至24%。实际上,该公司每使用1美元资本就能赚更多的钱,值得注意的是,资本金额也增加了106%。因此,我们在中曼石油天然气集团有限公司所看到的情况给我们带来了极大的启发,这要归功于它能够盈利地进行资本再投资。
The Key Takeaway
关键要点
In summary, it's great to see that Zhongman Petroleum and Natural Gas GroupLtd can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with a respectable 57% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
总而言之,很高兴看到中曼石油天然气集团有限公司能够通过持续地以更高的回报率进行资本再投资来增加回报,因为这些是那些备受追捧的多袋装企业的一些关键要素。而且,在过去五年中持有该股票的人将获得可观的57%的奖励,你可以说这些发展已开始得到应有的关注。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。
If you want to know some of the risks facing Zhongman Petroleum and Natural Gas GroupLtd we've found 2 warning signs (1 is significant!) that you should be aware of before investing here.
如果你想了解中曼石油天然气集团有限公司面临的一些风险,我们发现了2个警告信号(1个很重要!)在这里投资之前,您应该注意这一点。
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。