Returns On Capital At Anhui HeliLtd (SHSE:600761) Have Stalled
Returns On Capital At Anhui HeliLtd (SHSE:600761) Have Stalled
0.12 = CN¥1.5b ÷ (CN¥19b - CN¥6.2b) If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, the ROCE of Anhui HeliLtd (SHSE:600761) looks decent, right now, so lets see what the trend of returns can tell us.
如果我们想找到一个能够长期大幅增长的股票，我们应该关注哪些潜在趋势呢？通常，我们希望注意到资本雇用回报率(ROCE)不断增长的趋势，同时伴随着不断扩大的资本雇用基础。这向我们表明这是一个复利机器，能够持续将其收益再投资到业务中，并获得更高的回报。考虑到这一点，安徽叉车股份有限公司(SHSE:600761)目前的ROCE看起来不错，让我们看看回报趋势能告诉我们什么。
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。
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Anhui HeliLtd is:
对于那些不了解的人，ROCE是衡量公司每年税前利润(其回报)与业务中资本雇用关系的指标。这种计算在安徽叉车股份有限公司上的公式是：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资本利用率 = 利息和税前利润（EBIT） ÷ （总资产 - 流动负债）
0.12 = CN¥1.5b ÷ (CN¥19b - CN¥6.2b) (Based on the trailing twelve months to September 2024).
0.12 = 1500000000 人民币 ÷ (19000000000 人民币 - 6.2亿人民币) (截至2024年9月的过去十二个月)。
Thus, Anhui HeliLtd has an ROCE of 12%. On its own, that's a standard return, however it's much better than the 5.2% generated by the Machinery industry.
因此，安徽叉车股份有限公司的ROCE为12%。单独看来，这是一个标准的回报，但远远优于机械行业所创造的5.2%。
Above you can see how the current ROCE for Anhui HeliLtd 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 Anhui HeliLtd .
从上面你可以看到安徽汉利股份有限公司当前的资本回报率(ROCE)与其先前的资本回报率相比，但仅凭过去你能了解的有限。如果感兴趣，你可以查看我们免费的安徽汉利股份有限公司分析师报告中的分析师预测。
The Trend Of ROCE
ROCE趋势
While the current returns on capital are decent, they haven't changed much. The company has consistently earned 12% for the last five years, and the capital employed within the business has risen 127% in that time. Since 12% is a moderate ROCE though, it's good to see a business can continue to reinvest at these decent rates of return. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
虽然目前的资本回报率还算不错，但没有太大变化。公司在过去五年一直保持着12%的稳定赚钱，而业务中使用的资本在那段时间内增加了127%。鉴于12%是一个适度的ROCE，看到一家企业能够以这样可观的回报率继续重投资是好事。在这个范畴内稳定的回报可能不那么令人兴奋，但如果能够在长期内保持下去，通常会为股东带来丰厚回报。
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 the end, Anhui HeliLtd has proven its ability to adequately reinvest capital at good rates of return. On top of that, the stock has rewarded shareholders with a remarkable 118% return to those who've held over the last five years. So even though the stock might be more "expensive" than it was before, we think the strong fundamentals warrant this stock for further research.
最终，安徽汉利股份有限公司已经证明了其能够以良好的回报率适当地重新投资资本。此外，对于那些在过去五年持有的股东，该股票的回报率也达到了令人瞩目的118%。因此，即使这支股票可能比以前更"昂贵"，我们认为强劲的基本面值得进一步研究这支股票。
Anhui HeliLtd does have some risks, we noticed 3 warning signs (and 1 which is concerning) we think you should know about.
安徽汉利股份有限公司确实存在一些风险，我们注意到了3个警示信号（其中1个令人担忧），我们认为你应该知道。
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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