Returns At Jinzai Food GroupLtd (SZSE:003000) Appear To Be Weighed Down
Returns At Jinzai Food GroupLtd (SZSE:003000) Appear To Be Weighed Down
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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. That's why when we briefly looked at Jinzai Food GroupLtd's (SZSE:003000) ROCE trend, we were pretty happy with what we saw.
您知道有些财务指标可以提供可能成倍增长的线索吗?除此之外,我们还想看到两件事:首先,资本利用率增长;简而言之,这些类型的企业是复合机器,这意味着它们不断以越来越高的回报率重新投资其收益。尽管当我们看了Triumph Science & Technology Ltd (SHSE:600552)时,它似乎没有全部符合这些条件。资产回报率:它是什么?如果您不确定ROCE是什么,它可以衡量公司能够从其业务所雇用的资本产生多少税前利润。为了计算V2X的这个指数,使用以下公式:0.054 = 1.24亿美元÷(31亿美元 - 8.53亿美元)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。如果你看到这个,通常意味着它是一个拥有优秀业务模型和丰富盈利再投资机会的公司。所以,当我们简要看一下金在食品集团股份有限公司(深证证券交易所:003000)的ROCE趋势时,我们对所看到的内容非常满意。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源现行ROCE与之前资本回报的比较,但过去只能知道这么多。如果您感兴趣,可以查看我们免费的蒙托克可再生能源分析师报告,了解分析师的预测。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Jinzai Food GroupLtd, this is the formula:
如果你之前没有接触过ROCE,它衡量的是公司在其业务中投入的资本所产生的“回报”(税前利润)。为了计算金在食品集团股份有限公司的这个指标,可以使用如下公式:
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。
0.17 = CN¥240m ÷ (CN¥1.8b - CN¥360m) (Based on the trailing twelve months to March 2024).
所以,金在食品集团股份有限公司的ROCE为17%。从绝对数值上来看,这是一个令人满意的回报,但与食品行业平均水平7.6%相比,这要好得多。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, Jinzai Food GroupLtd has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Food industry average of 7.6% it's much better.
在上面的图表中,我们比较了金在食品集团股份有限公司之前的ROCE与之前的表现,但未来的表现或许更加重要。如果你愿意,可以免费查看涵盖金在食品集团股份有限公司的分析师预测。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240702/0-6fcd41ee6a1fbb62416b463a590389cd-0-de70001f70508b76ac8d308261786147.png/big)
In the above chart we have measured Jinzai Food 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 Jinzai Food GroupLtd for free.
ROCE的趋势并不明显,但总体上回报还是不错的。在过去的五年中,该公司的回报率一直保持在17%左右,业务中使用的资本在此期间内上升了127%。虽然17%算不上高 ROCE,但是能看到一个公司能够持续以这样的回报率进行再投资是很好的。长期视角来看,这样的回报可能不会太令人激动,但是坚定性能够带来股票回报。
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。
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has consistently earned 17% for the last five years, and the capital employed within the business has risen 127% in that time. Since 17% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
简而言之,金在食品集团股份有限公司一直稳定地进行资本再投资,以这些持续不断的回报率。不过,在过去三年中,该股票只为在此期间持有的股东提供了1.9%的回报率。因此,我们建议进一步了解这只股票,以确定它是否具有多重收益的潜质。
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。
To sum it up, Jinzai Food GroupLtd has simply been reinvesting capital steadily, at those decent rates of return. However, over the last three years, the stock has only delivered a 1.9% return to shareholders who held over that period. So because of the trends we're seeing, we'd recommend looking further into this stock to see if it has the makings of a multi-bagger.
由于几乎所有公司都面临一些风险,因此了解这些风险是值得的。我们已经发现金在食品集团股份有限公司存在2个警告信号(其中1个令我们有些不安!),你应该了解这些信号。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Jinzai Food GroupLtd (of which 1 makes us a bit uncomfortable!) that you should know about.
虽然金在食品集团股份有限公司目前的收益并不是最高的,但我们已经编制了一份目前收益率超过25%的公司列表。点击此处以查看此免费列表。
While Jinzai Food GroupLtd 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.
尽管金在食品集团有限公司目前可能没有获得最高回报,但我们已经整理了一份目前回报率超过25%的公司名单。在这里免费查看此清单。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或电邮 editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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