Investors Will Want Zhongnongfa Seed Industry Group's (SHSE:600313) Growth In ROCE To Persist
Investors Will Want Zhongnongfa Seed Industry Group's (SHSE:600313) Growth In ROCE To Persist
If you're looking for a multi-bagger, there's a few things to keep an eye out 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. 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 Zhongnongfa Seed Industry Group's (SHSE:600313) returns on capital, so let's have a look.
如果您正在寻找一个多袋股,有几件事情需要密切关注。在其他事项中,我们将希望看到两件事;首先,资本运营回报率(ROCE)增长,其次,公司资本运营额的扩张。如果您看到这一点,通常意味着这是一家拥有出色业务模式并有大量盈利再投资机会的公司。说到这一点,我们注意到中农发种业(SHSE:600313)资本回报有一些很好的变化,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。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Zhongnongfa Seed Industry Group is:
如果您以前没有使用ROCE,它衡量公司从资本投入的业务中产生的“回报”(税前利润)。对于中农发种业集团进行此计算的公式是:
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)
0.02 = CN¥70m ÷ (CN¥5.2b - CN¥1.8b) (Based on the trailing twelve months to September 2024).
0.02 = 人民币7千万 ÷ (人民币52亿 - 人民币18亿)(截至2024年9月的过去十二个月)。
Therefore, Zhongnongfa Seed Industry Group has an ROCE of 2.0%. In absolute terms, that's a low return and it also under-performs the Chemicals industry average of 5.4%.
因此,中农发种业集团的资本回报率为2.0%。就绝对值而言,这是一个较低的回报,并且低于化学品行业平均水平5.4%。
Historical performance is a great place to start when researching a stock so above you can see the gauge for Zhongnongfa Seed Industry Group's ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Zhongnongfa Seed Industry Group.
历史表现是研究股票的绝佳起点,所以上面你可以看到农发种业的ROCE表现与其先前回报的比较。如果你想深入研究历史收入,可以查看这些免费的图表,详细展示农发种业的营业收入和现金流表现。
What Does the ROCE Trend For Zhongnongfa Seed Industry Group Tell Us?
农发种业的ROCE趋势告诉我们什么?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 2.0%. The amount of capital employed has increased too, by 55%. So we're very much inspired by what we're seeing at Zhongnongfa Seed Industry Group thanks to its ability to profitably reinvest capital.
尽管ROCE在绝对值上仍然偏低,但看到它朝着正确的方向发展是件好事。数据显示,在过去的五年里,资本利用率产生的回报大幅增长至2.0%。所使用的资本额也增加了55%。因此,农发种业能够盈利地再投资资本,这让我们深感鼓舞。
The Bottom Line On Zhongnongfa Seed Industry Group's ROCE
关于农发种业的ROCE结论
To sum it up, Zhongnongfa Seed Industry Group has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
总的来说,农发种业集团已经证明其能够在业务中再投资并获得更高的资本回报,这是非常棒的。在过去的五年里,股票表现出色,这些模式已被投资者考虑在内。因此,鉴于股票已经证明具有有前途的趋势,值得进一步研究该公司,以查看这些趋势是否可能持续。
Like most companies, Zhongnongfa Seed Industry Group does come with some risks, and we've found 2 warning signs that you should be aware of.
和大多数公司一样,农发种业也存在一些风险,我们发现了2个警示信号,你应该注意。
While Zhongnongfa Seed Industry Group 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.
尽管农发种业目前的收益率并不是最高的,我们已经整理了一份目前盈利率超过25%的公司名单。点击这里查看这份免费名单。
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