Inner Mongolia ERDOS ResourcesLtd (SHSE:900936) Is Achieving High Returns On Its Capital
Inner Mongolia ERDOS ResourcesLtd (SHSE:900936) Is Achieving High Returns On Its Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Inner Mongolia ERDOS ResourcesLtd's (SHSE:900936) returns on capital, so let's have a look.
如果你正在尋找一款多功能裝袋機,有幾件事需要注意。首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 所用資本的百分比。歸根結底,這表明這是一家以越來越高的回報率對利潤進行再投資的企業。說到這裏,我們注意到了一些很大的變化 內蒙古鄂爾多斯資源有限公司 (SHSE: 900936) 資本回報率,讓我們來看看。
What Is Return On Capital Employed (ROCE)?
甚麼是資本使用回報率(ROCE)?
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 Inner Mongolia ERDOS ResourcesLtd is:
如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。內蒙古鄂爾多斯資源有限公司的計算公式爲:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資本使用回報率 = 利息和稅前收益 (EBIT) ▲(總資產-流動負債)
0.28 = CN¥8.9b ÷ (CN¥48b - CN¥17b) (Based on the trailing twelve months to September 2022).
0.28 = cn¥89b ÷(cn¥48b-cn¥17b) (基於截至2022年9月的過去十二個月)。
Thus, Inner Mongolia ERDOS ResourcesLtd has an ROCE of 28%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 8.2%.
因此, 內蒙古鄂爾多斯資源有限公司的投資回報率爲28%。 從絕對值來看,這是一個不錯的回報,甚至超過了金屬和採礦業8.2%的平均水平。
Check out our latest analysis for Inner Mongolia ERDOS ResourcesLtd
看看我們對內蒙古鄂爾多斯資源有限公司的最新分析
![roce](https://usnewsfile.futunn.com/pic/0-20737687-0-46c29e38b78faaf7b6044e6b0258b862.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Inner Mongolia ERDOS ResourcesLtd's ROCE against it's prior returns. If you'd like to look at how Inner Mongolia ERDOS ResourcesLtd has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.
在研究股票時,歷史表現是一個很好的起點,因此您可以在上方看到內蒙古鄂爾多斯資源有限公司的投資回報率與先前回報率的比較。如果你想看看內蒙古鄂爾多斯資源有限公司過去在其他指標上的表現,你可以查看這個 免費的 過去的收益、收入和現金流圖。
So How Is Inner Mongolia ERDOS ResourcesLtd's ROCE Trending?
那麼,內蒙古鄂爾多斯資源有限公司的ROCE趨勢如何?
The trends we've noticed at Inner Mongolia ERDOS ResourcesLtd are quite reassuring. Over the last five years, returns on capital employed have risen substantially to 28%. Basically the business is earning more per dollar of capital invested and in addition to that, 54% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我們在內蒙古鄂爾多斯資源有限公司注意到的趨勢相當令人放心。在過去五年中,資本使用回報率已大幅上升至28%。基本上,企業每投入1美元的資本就能獲得更多的收入,除此之外,現在使用的資本也增加了54%。不斷增加的資本回報率在多袋投資者中很常見,這就是我們印象深刻的原因。
On a related note, the company's ratio of current liabilities to total assets has decreased to 35%, which basically reduces it's funding from the likes of short-term creditors or suppliers. This tells us that Inner Mongolia ERDOS ResourcesLtd has grown its returns without a reliance on increasing their current liabilities, which we're very happy with.
與此相關的是,該公司的流動負債與總資產的比率已降至35%,這基本上減少了其從短期債權人或供應商等機構獲得的資金。這告訴我們,內蒙古鄂爾多斯資源有限公司在不依賴增加流動負債的情況下增加了回報,我們對此感到非常滿意。
What We Can Learn From Inner Mongolia ERDOS ResourcesLtd's ROCE
我們可以從內蒙古鄂爾多斯資源有限公司的ROCE中學到甚麼
In summary, it's great to see that Inner Mongolia ERDOS ResourcesLtd can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. Since the stock has returned a staggering 230% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
總而言之,很高興看到內蒙古鄂爾多斯資源有限公司可以通過持續不斷地以更高的回報率進行資本再投資來複合回報,因爲這些是備受追捧的多袋企業的一些關鍵要素。由於該股在過去五年中爲股東帶來了驚人的230%的回報,看來投資者已經意識到了這些變化。因此,我們認爲值得您花時間檢查這些趨勢是否會持續下去。
One more thing, we've spotted 1 warning sign facing Inner Mongolia ERDOS ResourcesLtd that you might find interesting.
還有一件事,我們發現了 1 個警告標誌 面對內蒙古鄂爾多斯資源有限公司,你可能會感興趣。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果你想搜索更多獲得高回報的股票,可以看看這個 免費的 資產負債表穩健且股本回報率也很高的股票清單。
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Simply Wall St 的這篇文章本質上是一般性的。 我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章無意提供財務建議。 它不構成買入或賣出任何股票的建議,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面數據驅動的長期重點分析。請注意,我們的分析可能未將最新的價格敏感型公司公告或定性材料考慮在內。簡而言之,華爾街對上述任何股票都沒有頭寸。