The Return Trends At JinkoSolar Holding (NYSE:JKS) Look Promising
The Return Trends At JinkoSolar Holding (NYSE:JKS) Look Promising
If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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. 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 JinkoSolar Holding's (NYSE:JKS) returns on capital, so let's have a look.
如果你正在寻找一只多赚几倍的股票,那么有几件事情需要注意。在完美的世界里,我们希望看到一家公司将更多资本投入其业务中,理想情况下,从资本中获得的回报也在增加。如果你看到这一点,通常意味着这是一家具有出色业务模式和丰富盈利再投资机会的公司。说到这里,我们发现晶科能源(NYSE:JKS)资本回报率发生了巨大变化,所以让我们来看看。
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。
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 JinkoSolar Holding is:
如果您不确定,ROCE是衡量公司在其业务中投入的资本上获得的税前收入(以百分比形式)的指标。针对晶科能源的计算公式为:
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。
0.091 = CN¥5.2b ÷ (CN¥137b - CN¥80b) (Based on the trailing twelve months to March 2024).
0.091 = CN¥52亿 ÷ (CN¥1370亿 - CN¥80b)(基于截至2024年3月的过去12个月)。因此,晶科能源的ROCE为9.1%。单独看来,这是一个低回报率,但它与行业平均回报率9.0%相符。
Thus, JinkoSolar Holding has an ROCE of 9.1%. On its own that's a low return on capital but it's in line with the industry's average returns of 9.0%.
以上这张图显示了晶科能源的当前资本回报率与其过去的回报率相比,但过去能告诉我们的有限。如果您有兴趣,您可以免费查看我们为晶科能源准备的分析师报告中的分析师预测。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240814/0-e89ec01a757495bf9302a15154ba183e-0-62bbcd0ad2440dd8266b9c9e75672c2c.png/big)
Above you can see how the current ROCE for JinkoSolar Holding compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for JinkoSolar Holding .
上面您可以看到晶科能源的当前资本回报率与其先前的回报率相比的情况,但过去只能说明一部分问题。如果您有兴趣,我们免费为您提供了晶科能源的自由分析师报告,以查看分析师的预测。
What Does the ROCE Trend For JinkoSolar Holding Tell Us?
晶科能源的资本回报率趋势告诉我们什么?
We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 9.1%. The amount of capital employed has increased too, by 379%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
我们很高兴看到资本回报率正在朝着正确的方向发展,即使目前仍然较低。数字显示,在过去的五年中,所雇用资本获得的收益大幅增长到9.1%。受雇用的资本也增加了379%。这可以表明,存在大量内部投资资本的机会,并以更高的利率投资,这是多赚几倍的公司常见的组合。
On a related note, the company's ratio of current liabilities to total assets has decreased to 58%, which basically reduces it's funding from the likes of short-term creditors or suppliers. So shareholders would be pleased that the growth in returns has mostly come from underlying business performance. Nevertheless, there are some potential risks the company is bearing with current liabilities that high, so just keep that in mind.
有关公司的流动负债占总资产的比率已降至58%,这基本上减少了来自短期债权人或供应商等人的资金。因此,股东会高兴地看到,回报增长大多来自基础业务绩效。然而,随着流动负债如此之高,公司承担着一些潜在风险,请记住这一点。
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。
All in all, it's terrific to see that JinkoSolar Holding is reaping the rewards from prior investments and is growing its capital base. Considering the stock has delivered 8.7% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So with that in mind, we think the stock deserves further research.
总体而言,看到晶科能源正在从之前的投资中获得回报并不断扩大其资本基础是很棒的。考虑到该股票在过去五年中为其股东带来了8.7%的回报,可以认为投资者还没有完全意识到这些有前途的趋势。因此,考虑到这一点,我们认为这只股票值得进一步研究。
On a separate note, we've found 3 warning signs for JinkoSolar Holding you'll probably want to know about.
另外,我们发现晶科能源有3个警告信号,您可能想了解一下。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想寻找财务状况良好、回报卓越的实力强企业,可以免费查看以下公司列表。
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