The Return Trends At CITIC Resources Holdings (HKG:1205) Look Promising
The Return Trends At CITIC Resources Holdings (HKG:1205) Look Promising
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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at CITIC Resources Holdings (HKG:1205) and its trend of ROCE, we really liked what we saw.
要确定一只可以长期成倍增长的股票,我们应该寻找哪些早期趋势?在一个完美的世界中,我们希望看到一家公司向其业务投入更多资本,理想情况下,从这些资本中获得的回报也在增加。归根结底,这表明这是一家以更高的回报率对利润进行再投资的企业。因此,当我们查看中信资源控股(HKG: 1205)及其投资回报率的趋势时,我们真的很喜欢我们所看到的。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
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. The formula for this calculation on CITIC Resources Holdings is:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。中信资源控股的计算公式为:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)
0.075 = HK$764m ÷ (HK$13b - HK$2.9b) (Based on the trailing twelve months to June 2024).
0.075 = 7.64亿港元 ÷(130亿港元至29亿港元)(基于截至2024年6月的过去十二个月)。
Thus, CITIC Resources Holdings has an ROCE of 7.5%. In absolute terms, that's a low return, but it's much better than the Industrials industry average of 3.3%.
因此,中信资源控股的投资回报率为7.5%。从绝对值来看,回报率很低,但比工业行业平均水平的3.3%要好得多。
Historical performance is a great place to start when researching a stock so above you can see the gauge for CITIC Resources Holdings' ROCE against it's prior returns. If you'd like to look at how CITIC Resources Holdings has performed in the past in other metrics, you can view this free graph of CITIC Resources Holdings' past earnings, revenue and cash flow.
历史表现是研究股票的绝佳起点,因此在上方您可以看到中信资源控股的投资回报率与先前回报对比的指标。如果你想在其他指标中查看中信资源控股过去的表现,你可以查看这张免费的中信资源控股过去收益、收入和现金流图表。
What Can We Tell From CITIC Resources Holdings' ROCE Trend?
我们可以从中信资源控股的投资回报率趋势中得出什么?
We're delighted to see that CITIC Resources Holdings is reaping rewards from its investments and has now broken into profitability. The company was generating losses five years ago, but has managed to turn it around and as we saw earlier is now earning 7.5%, which is always encouraging. While returns have increased, the amount of capital employed by CITIC Resources Holdings has remained flat over the period. With no noticeable increase in capital employed, it's worth knowing what the company plans on doing going forward in regards to reinvesting and growing the business. So if you're looking for high growth, you'll want to see a business's capital employed also increasing.
我们很高兴看到中信资源控股从其投资中获得回报,现已实现盈利。该公司在五年前出现了亏损,但已经设法扭转了局面,正如我们之前看到的那样,现在的盈利为7.5%,这始终令人鼓舞。尽管回报率有所增加,但中信资源控股所使用的资本金额在此期间保持不变。由于动用资本没有明显增加,因此值得了解的是,该公司未来在再投资和发展业务方面计划做什么。因此,如果您正在寻求高增长,则希望看到企业的资本也有所增加。
What We Can Learn From CITIC Resources Holdings' ROCE
我们可以从中信资源控股的投资回报率中学到什么
To bring it all together, CITIC Resources Holdings has done well to increase the returns it's generating from its capital employed. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 6.2% to shareholders. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.
综上所述,中信资源控股在提高其利用资本产生的回报方面做得很好。有利的潜在趋势可能还不会给投资者留下深刻的印象,因为在过去五年中,该股向股东的回报率仅为6.2%。因此,如果估值和其他指标相提并论,进一步探索这只股票可能会发现一个很好的机会。
If you'd like to know about the risks facing CITIC Resources Holdings, we've discovered 3 warning signs that you should be aware of.
如果您想了解中信资源控股面临的风险,我们发现了3个警告信号,您应该注意。
While CITIC Resources Holdings 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.
尽管中信资源控股目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这个免费清单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。