Zhejiang Yilida VentilatorLtd's (SZSE:002686) Returns On Capital Are Heading Higher
Zhejiang Yilida VentilatorLtd's (SZSE:002686) Returns On Capital Are Heading Higher
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at Zhejiang Yilida VentilatorLtd (SZSE:002686) and its trend of ROCE, we really liked what we saw.
如果我们想识别下一个多倍收益股,有几个关键趋势需要关注。首先,我们要识别一个不断增长的资本回报率 (ROCE),同时又要有一个不断增加的使用资本基数。简单来说,这类企业是复利机器,这意味着它们不断以更高的回报率再投资他们的盈利。所以,当我们查看 浙江亿力达通风器有限公司 (SZSE:002686) 及其 ROCE 的趋势时,我们非常喜欢我们所看到的。
What Is Return On Capital Employed (ROCE)?
什么是资本回报率(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 Zhejiang Yilida VentilatorLtd is:
对于那些不确定什么是 ROCE 的人,它衡量的是公司从其业务中使用的资本所能产生的税前利润。浙江亿力达通风器有限公司的计算公式为:
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)
0.021 = CN¥39m ÷ (CN¥3.0b - CN¥1.1b) (Based on the trailing twelve months to September 2024).
0.021 = CN¥3900万 ÷ (CN¥30亿 - CN¥11亿) (基于截至2024年9月的过去12个月数据)。
So, Zhejiang Yilida VentilatorLtd has an ROCE of 2.1%. Ultimately, that's a low return and it under-performs the Building industry average of 7.3%.
所以,浙江亿力达通风器有限公司的 ROCE 为 2.1%。最终,这是一个较低的回报,低于建筑行业的平均水平 7.3%。
Historical performance is a great place to start when researching a stock so above you can see the gauge for Zhejiang Yilida VentilatorLtd's ROCE against it's prior returns. If you'd like to look at how Zhejiang Yilida VentilatorLtd has performed in the past in other metrics, you can view this free graph of Zhejiang Yilida VentilatorLtd's past earnings, revenue and cash flow.
历史表现是研究股票的一个好起点,因此在上面您可以看到浙江宜利达通风设备有限公司的资本回报率与其以前回报的比较。如果您想查看浙江宜利达通风设备有限公司在其他指标上的过去表现,可以查看这个免费的浙江宜利达通风设备有限公司过去收益、营业收入和现金流的图表。
What Does the ROCE Trend For Zhejiang Yilida VentilatorLtd Tell Us?
浙江宜利达通风设备有限公司的资本回报率趋势告诉我们什么?
Shareholders will be relieved that Zhejiang Yilida VentilatorLtd has broken into profitability. While the business was unprofitable in the past, it's now turned things around and is earning 2.1% on its capital. While returns have increased, the amount of capital employed by Zhejiang Yilida VentilatorLtd 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.
股东们会松一口气,因为浙江宜利达通风设备有限公司已经实现了盈利。虽然该业务在过去并不盈利,但现在已经好转,并且资本回报率达到了2.1%。虽然回报有所增加,但浙江宜利达通风设备有限公司在此期间使用的资本量保持不变。由于使用的资本没有明显增加,了解公司在未来如何重新投资和发展业务是很重要的。因此,如果您在寻找高增长,您会希望看到企业的资本使用量也在增加。
In Conclusion...
结论...
As discussed above, Zhejiang Yilida VentilatorLtd appears to be getting more proficient at generating returns since capital employed has remained flat but earnings (before interest and tax) are up. And given the stock has remained rather flat over the last five years, there might be an opportunity here if other metrics are strong. So researching this company further and determining whether or not these trends will continue seems justified.
正如上面所讨论的,浙江宜利达通风设备有限公司似乎在产生回报方面变得更加高效,因为所用资本保持不变,但收益(税前和利息前)却在上升。考虑到该股票在过去五年中相对平稳,如果其他指标强劲,这里可能存在机会。因此,更深入地研究这家公司并确定这些趋势是否会继续似乎是有必要的。
Zhejiang Yilida VentilatorLtd does have some risks though, and we've spotted 2 warning signs for Zhejiang Yilida VentilatorLtd that you might be interested in.
不过,浙江宜利达通风设备有限公司确实存在一些风险,我们发现了2个您可能感兴趣的警告信号。
While Zhejiang Yilida VentilatorLtd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然浙江宜利达通风设备有限公司的回报率并不是最高的,但请查看这份免费的公司名单,这些公司在股本回报率方面表现强劲,并且资产负债表良好。
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