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The Return Trends At Full Truck Alliance (NYSE:YMM) Look Promising

The Return Trends At Full Truck Alliance (NYSE:YMM) Look Promising

满帮(纽交所:YMM)的回报趋势看起来很有前途
Simply Wall St ·  10/27 10:58

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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. 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 Full Truck Alliance (NYSE:YMM) and its trend of ROCE, we really liked what we saw.

如果我们想找到一个股票,在长期内能够成倍增长,我们应该关注哪些潜在趋势? 其他方面,我们希望看到两件事情; 首先,资本运营回报率(ROCE)增长,其次,公司资本运营额的扩张。 基本上,这意味着公司有利润项目可以继续进行再投资,这是一个复利机器的特点。 因此,当我们看到满帮(纽交所:YMM)及其ROCE趋势时,我们真的很喜欢我们所看到的。

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 Full Truck Alliance, this is the formula:

如果您以前没有使用过ROCE,它衡量了公司从其业务中资本运营获取的“回报”(税前利润)。 要为满帮计算此指标,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。

0.04 = CN¥1.4b ÷ (CN¥40b - CN¥3.3b) (Based on the trailing twelve months to June 2024).

0.04 = 14亿人民币 ÷ (400亿人民币 - 33亿人民币)(截至2024年6月的过去十二个月)。

Therefore, Full Truck Alliance has an ROCE of 4.0%. Ultimately, that's a low return and it under-performs the Transportation industry average of 6.6%.

因此,满帮的ROCE为4.0%。 最终,那是一个较低的回报,低于运输行业平均6.6%。

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NYSE:YMM Return on Capital Employed October 27th 2024
纽交所:YMm资本运营回报率2024年10月27日

In the above chart we have measured Full Truck Alliance's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Full Truck Alliance .

在上面的图表中,我们已经衡量了满帮之前的ROCE和之前的业绩,但未来可能更重要。如果您感兴趣,可以查看我们为满帮提供的免费分析师报告中的分析师预测。

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。

We're delighted to see that Full Truck Alliance is reaping rewards from its investments and is now generating some pre-tax profits. Shareholders would no doubt be pleased with this because the business was loss-making four years ago but is is now generating 4.0% on its capital. And unsurprisingly, like most companies trying to break into the black, Full Truck Alliance is utilizing 153% more capital than it was four years ago. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.

我们很高兴看到满帮从其投资中获得回报,现在也开始产生一些税前利润。股东无疑会为此感到高兴,因为四年前企业还在亏损,而现在在资本上获得了4.0%的回报。并且像大多数试图扭亏为盈的公司一样,满帮比四年前利用的资本增加了153%。这告诉我们公司有很多能够带来更高回报的重新投资机会。

The Bottom Line On Full Truck Alliance's ROCE

满帮ROCE的核心观点

Long story short, we're delighted to see that Full Truck Alliance's reinvestment activities have paid off and the company is now profitable. Astute investors may have an opportunity here because the stock has declined 36% in the last three years. With that in mind, we believe the promising trends warrant this stock for further investigation.

长话短说,我们很高兴看到满帮的再投资活动取得了成功,公司现在盈利了。审慎的投资者可能有机会,因为该股在过去三年下跌了36%。考虑到这一点,我们认为有希望的趋势值得进一步调查该股。

On a separate note, we've found 1 warning sign for Full Truck Alliance you'll probably want to know about.

另外,我们发现满帮有1个警示信号,您可能希望了解。

While Full Truck Alliance 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.

虽然满帮目前可能没有获得最高回报,但我们已经整理了一份当前股本回报率超过25%的公司名单。在此处查看这份免费名单。

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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.

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