There's Been No Shortage Of Growth Recently For Bestway Marine & Energy TechnologyLtd's (SZSE:300008) Returns On Capital
There's Been No Shortage Of Growth Recently For Bestway Marine & Energy TechnologyLtd's (SZSE:300008) Returns On Capital
0.079 = CN¥173m ÷ (CN¥4.4b - CN¥2.2b) (Based on the trailing twelve months to March 2024).Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at Bestway Marine & Energy TechnologyLtd (SZSE:300008) and its trend of ROCE, we really liked what we saw.
您知道有一些财务指标可以提供潜在成倍收益的线索吗？首先，我们希望找到一个持续增长的行业板块。如果你看到这个，通常意味着公司有一个很好的商业模式和充足的有利可图的再投资机会。然而，在调查北斗星信息科技（SZSE：002987）后，我们认为它目前的趋势并不符合成倍收益模式。资产回报率：它是什么？资本雇用回报率 (ROCE) 是一种早期趋势，可以用来识别有可能在长期内翻倍增值的股票，然后在此基础上，要寻找一个不断增长的业务板块和行业板块。这告诉我们这是一台复利机器，能够不断地将其收益再投入业务，从而产生更高的回报。因此，在这点上，Materialise (纳斯达克:MTLS) 看起来相当有前途，因为它在资本回报方面的趋势相当不错。资产回报率 = 利息和所得税前收益（EBIT）÷（总资产-流动负债）基本上这意味着公司有盈利的举措，可以继续投资，这是复利机器的特点。因此，当我们看到百盛海工 (SZSE:300008) 的 ROCE 趋势时，我们真的很喜欢我们看到的。
Return On Capital Employed (ROCE): What Is It?
资本雇用回报率（ROCE）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 Bestway Marine & Energy TechnologyLtd, this is the formula:
对于那些不确定 ROCE 是什么的人来说，它衡量的是公司能够从其业务中使用的资本所产生的税前利润。为了计算百盛海工的这个指标，这是公式：
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。
0.079 = CN¥173m ÷ (CN¥4.4b - CN¥2.2b) (Based on the trailing twelve months to March 2024).
0.079 = CN¥17300万 ÷ (CN¥44亿 - CN¥2.2b)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。.
Thus, Bestway Marine & Energy TechnologyLtd has an ROCE of 7.9%. In absolute terms, that's a low return, but it's much better than the Construction industry average of 6.5%.
因此，百盛海工的 ROCE 为 7.9%。绝对而言，这是一个低回报，但它比建造业行业平均水平的 6.5% 要好得多。
Above you can see how the current ROCE for Bestway Marine & Energy TechnologyLtd 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 Bestway Marine & Energy TechnologyLtd .
您可以看到百盛海工目前的 ROCE 如何与其以往的资本回报率相比，但是从过去能够得出的结论有限。如果您想了解分析师未来的预测，您应该查看我们为百盛海工编写的免费分析师报告。
How Are Returns Trending?
综合上述，Cimpress非常有效地提高了其资本利用率所产生的回报。考虑到股票过去五年保持稳定，如果其他指标也不错，则可能存在机会。因此，进一步研究这家公司并确定这些趋势是否会持续是合理的。
Bestway Marine & Energy TechnologyLtd has recently broken into profitability so their prior investments seem to be paying off. About five years ago the company was generating losses but things have turned around because it's now earning 7.9% on its capital. In addition to that, Bestway Marine & Energy TechnologyLtd is employing 185% more capital than previously which is expected of a company that's trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
百盛海工最近实现了盈利，所以他们以前的投资似乎正在产生回报。大约五年前，该公司正在损失中，但现在它的资本收益率达到了7.9%。此外，百盛海工比以前多使用了 185% 的资本，这是一家试图实现盈利的公司所期望的。这可以告诉我们，公司有很多再投资的机会，可以产生更高的回报。
In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 50%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. So this improvement in ROCE has come from the business' underlying economics, which is great to see. Nevertheless, there are some potential risks the company is bearing with current liabilities that high, so just keep that in mind.
在我们分析的另一个部分中，我们注意到该公司的流动负债与总资产的比率降至 50%，这基本上意味着企业不再依赖供应商或短期债权人来为其经营活动提供资金。因此，这种 ROCE 的改善来自于企业的基本经济情况，这是非常好的。不过，该公司目前负债较高，存在一些潜在的风险，需要留意。
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 Bestway Marine & Energy TechnologyLtd has managed to break into profitability and is continuing to reinvest in its business. And given the stock has remained rather flat over the last five years, there might be an opportunity here if other metrics are strong. So researching this company further and determining whether or not these trends will continue seems justified.
总之，看到百盛海工成功实现盈利并继续进行业务投资非常令人高兴。鉴于该股票在过去的五年中表现相当平稳，如果其他指标强劲，可能会存在机会。因此，研究该公司的进一步情况并确定这些趋势是否会继续似乎是有道理的。
If you'd like to know about the risks facing Bestway Marine & Energy TechnologyLtd, we've discovered 1 warning sign that you should be aware of.
如果您想了解百盛海工面临的风险，我们已经发现了 1 条警告信息，您应该注意。
While Bestway Marine & Energy TechnologyLtd may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
虽然百盛海工目前的回报率可能不是最高的，但我们已经编制了一份目前 ROE 超过 25% 的公司名单。在这里查看免费列表。
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