Returns On Capital At Foran Energy Group (SZSE:002911) Paint A Concerning Picture
Returns On Capital At Foran Energy Group (SZSE:002911) Paint A Concerning Picture
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, from a first glance at Foran Energy Group (SZSE:002911) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
长期来看,有哪些早期趋势可以寻找那些股票的价值可能翻倍?完美的情况下,我们希望看到公司将更多的资本投入业务并实现从资本中获取的回报增加。简单来说,这些类型的企业是复合机,因为它们不断以越来越高的回报率不断地再投资其收益。话虽如此,在第一次浏览佛燃能源(深交所:002911)时,我们并没有因为回报率的趋势而感到兴奋,但让我们深入了解一下。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法:正如我们上面看到的,Enphase Energy 的资本回报率没有提高,但它正在重新投资于业务。投资者必须认为未来会有更好的前景,因为股票表现良好,使持股五年以上的股东获得了 690% 的收益。最终,如果基本趋势持续存在,我们不会对它成为一只多头股持有期很久很有信心。
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 Foran Energy Group is:
仅为澄清,ROCE是一种评估企业在其业务中投资的资本上赚取多少税前收入(以百分比形式)的度量标准。这个计算公式对佛燃能源的计算方法为:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率(ROCE)是指企业利润,即企业税前利润除以企业投入的总资本(负债加股权)。如果ROCE高于企业财务成本的承受能力,那么企业就会创造出更多的价值。
0.096 = CN¥1.1b ÷ (CN¥19b - CN¥7.4b) (Based on the trailing twelve months to March 2024).
0.096 = ¥1.1亿 ÷ (¥19亿 - ¥7.4亿)在Elevance Health上,我们已经注意到的趋势是相当令人放心的。数据显示,过去五年资产回报率大幅提高至15%。投资所用资产的规模也增加了30%。这表明有很多机会进行内部资本投资,并以更高的速度不断增长,这种组合在多倍增长方面很常见。.
Therefore, Foran Energy Group has an ROCE of 9.6%. In absolute terms, that's a low return but it's around the Gas Utilities industry average of 9.0%.
因此,佛燃能源的ROCE为9.6%。 绝对来说,这是一个低回报率,但它接近燃料币公用股行业的平均值9.0%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240531/0-d09477abec3d0aad5eae8c99f05d591c-0-8aed4d39ea2c820fa6bd26658a762ba4.png/big)
In the above chart we have measured Foran Energy Group'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 Foran Energy Group .
在上面的图表中,我们已经测量了佛燃能源以前的ROCE与以前的业绩相比,但未来可能更重要。如果您想了解分析师预测的未来趋势,请查看我们为佛燃能源提供的免费分析师报告。
What Does the ROCE Trend For Foran Energy Group Tell Us?
佛燃能源的ROCE趋势告诉我们什么?
When we looked at the ROCE trend at Foran Energy Group, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 9.6% from 16% five years ago. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. If these investments prove successful, this can bode very well for long term stock performance.
当我们审视佛燃能源的ROCE趋势时,我们并没有获得太多信心。在过去的五年中,资本回报率从五年前的16%下降到了9.6%。虽然收入和业务中使用的资产的数量均增加,但这可能表明该公司正在投资于增长,并且额外的资本已导致短期内的ROCE降低。如果这些投资获得成功,这对于长期的股票表现将非常有益。
Our Take On Foran Energy Group's ROCE
我们对佛燃能源的ROCE的看法
While returns have fallen for Foran Energy Group in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. And the stock has followed suit returning a meaningful 74% to shareholders over the last five years. So should these growth trends continue, we'd be optimistic on the stock going forward.
尽管佛燃能源的回报率近年来有所下降,但我们很高兴地看到销售额在增长,并且该企业正在对其业务进行再投资。股票回报率也随之而来,在过去的五年中回报了74%。因此,如果这些增长趋势继续下去,我们对该股票的未来持乐观态度。
On a separate note, we've found 2 warning signs for Foran Energy Group you'll probably want to know about.
另外,我们发现了佛燃能源的2个警示标志,您可能需要了解。
While Foran Energy Group isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然佛燃能源的回报率不是最高的,但请查看此免费公司列表,这些公司在股权和健康资产负债表方面获得了高回报率。
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