Returns At Digital China Information Service Group (SZSE:000555) Are On The Way Up
Returns At Digital China Information Service Group (SZSE:000555) Are On The Way Up
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. 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. 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 Digital China Information Service Group (SZSE:000555) and its trend of ROCE, we really liked what we saw.
如果我们想找到一个潜在的翻番股,通常会有一些潜在的趋势可以提供线索。一种常见的方法是尝试找到一个对资本的运用有所了解的公司。简单地说,这些类型的企业是复利机器,这意味着它们在不断地以越来越高的回报率重新投资其收益。考虑到这一点,我们注意到了墨菲石油(纽交所:MUR)的一些有希望的趋势,所以让我们深入了解一下。返回以上你可以看到,Enphase Energy 的当前资本雇用回报率与之前的回报率相比如何,但从过去只能知道这么多。如果你想看看分析师对未来的预测,你应该查看我们免费提供的 Enphase Energy 分析师报告。ROCE 趋势可以告诉我们什么?比起 Enphase Energy,有更好的资本回报率选择。在过去的五年中,该公司增加了 1,306% 的资本,而该资本的回报率保持稳定在 9.9%。这样差的回报率现在并不令人信服,而且随着资本的增加,很明显企业并没有将资金投入到高回报的投资中。 这表明神州信息是一台复利机器,能够不断将其收益再投入业务中,产生更高的回报。因此,当我们查看神州信息(SZSE:000555)及其ROCE趋势时,我们非常满意。
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。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Digital China Information Service Group:
如果您以前没有使用过ROCE,则可以用它来衡量公司从业务所用的资本中产生的“回报”(税前利润)。分析师使用这个公式来计算神州信息的ROCE:
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。
0.039 = CN¥246m ÷ (CN¥12b - CN¥5.3b) (Based on the trailing twelve months to March 2024).
0.039 = CN¥24600万 ÷ (CN¥120亿 - CN¥5.3亿) 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。.
So, Digital China Information Service Group has an ROCE of 3.9%. On its own that's a low return on capital but it's in line with the industry's average returns of 3.9%.
因此,神州信息的ROCE为3.9%。单独来看,这是一个低回报的资本,但符合行业平均回报率3.9%的水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240622/0-16edff7522a22e39d4b9f21cad0531c7-0-a4dcad59b6ddeed8636d3f4cd3944fbd.png/big)
Above you can see how the current ROCE for Digital China Information Service Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Digital China Information Service Group .
您可以看到神州信息目前的ROCE与其以前的资本回报率相比如何,但是过去只能了解这么多。如果您想了解分析师预测的未来走势,可以查看我们的免费分析师报告,了解神州信息。
What The Trend Of ROCE Can Tell Us
尽管如此,当我们看 enphase energy (纳斯达克股票代码:ENPH) 的时候,它似乎并没有完全符合这些要求。
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 3.9%. 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 26%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
尽管绝对ROCE仍然很低,但很高兴看到它朝着正确的方向发展。数字显示,在过去的五年中,资本运用的回报率已经大幅增长到3.9%。公司在每美元使用的资本上赚取了更多的利润,值得注意的是,使用的资本也增加了26%。资本使用增长产生的回报增长在多倍增利股中很常见,这就是我们印象深刻的原因。
Another thing to note, Digital China Information Service Group has a high ratio of current liabilities to total assets of 46%. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.
值得注意的另一点是,神州信息的流动负债与总资产的比率很高,达到46%。这可能会带来一些风险,因为公司基本上依赖其供应商或其他短期债权人进行经营。理想情况下,我们希望看到这种情况有所减少,因为这意味着承担风险的义务更少。
In Conclusion...
最后,同等资本下回报率较低的趋势通常不是我们关注创业板股票的最佳信号。由于这些发展进行良好,因此投资者不太可能表现友好。自五年前以来,该股下跌了32%。除非这些指标朝着更积极的轨迹转变,否则我们将继续寻找其他股票。
In summary, it's great to see that Digital China Information Service Group 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 given the stock has remained rather flat over the last five years, there might be an opportunity here if other metrics are strong. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
总之,很高兴看到神州信息可以通过持续地以不断增加的回报率不断再投资资本来复利,因为这些是那些高度追捧的多倍股的关键因素之一。鉴于股票在过去的五年中相当平稳,如果其他指标强劲,则可能存在机会。既然如此,研究公司的当前估值指标和未来前景似乎是合适的。
One more thing, we've spotted 1 warning sign facing Digital China Information Service Group that you might find interesting.
还有一件事,我们发现神州信息面临1项警示信号,您可能会感到有趣。
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.
Hao Tian International Construction Investment Group确实存在一些风险,我们已经发现了一条警示标志,你可能会感兴趣。对于那些喜欢投资于实力雄厚的公司的人,可以查看这个由财务状况强大、股本回报率高的公司组成的免费列表。
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