share_log

Investors Could Be Concerned With Inner Mongolia Dian Tou Energy's (SZSE:002128) Returns On Capital

Investors Could Be Concerned With Inner Mongolia Dian Tou Energy's (SZSE:002128) Returns On Capital

投資者可能會擔心內蒙古電投能源 (SZSE: 002128) 的資本回報率
Simply Wall St ·  2023/10/15 17:57

What are the early trends we should look for to identify a stock that could multiply in value over the long term? 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. However, after briefly looking over the numbers, we don't think Inner Mongolia Dian Tou Energy (SZSE:002128) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

我們應該尋找哪些早期趨勢來識別一隻可能在長期內成倍增值的股票?首先,我們想要確定一個不斷增長的退貨在已使用資本(ROCE)上,然後在此基礎上,不斷增加基地已動用資本的比例。簡而言之,這些類型的企業是複利機器,這意味著它們不斷地以越來越高的回報率對收益進行再投資。然而,在簡單地看了一下數位之後,我們認為內蒙古電頭能源(SZSE:002128)具備了未來實現多個袋子的條件,但讓我們來看看為什麼會這樣。

Understanding Return On Capital Employed (ROCE)

瞭解資本回報率(ROCE)

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Inner Mongolia Dian Tou Energy, this is the formula:

如果您不確定,只需澄清一下,ROCE是一種評估公司投資於其業務的資本獲得多少稅前收入(按百分比計算)的指標。要計算內蒙古電投能源的這一指標,公式如下:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已動用資本回報率=息稅前收益(EBIT)?(總資產-流動負債)

0.13 = CN¥5.5b ÷ (CN¥48b - CN¥6.8b) (Based on the trailing twelve months to June 2023).

0.13=CN元55億?(CN元48億-CN元68億)(根據截至2023年6月的往績12個月計算)

Therefore, Inner Mongolia Dian Tou Energy has an ROCE of 13%. That's a relatively normal return on capital, and it's around the 14% generated by the Oil and Gas industry.

所以呢,內蒙古電投能源的ROCE為13%。這是一個相對正常的資本回報率,大約是石油和天然氣行業14%的回報率。

View our latest analysis for Inner Mongolia Dian Tou Energy

查看我們對內蒙古電頭能源的最新分析

roce
SZSE:002128 Return on Capital Employed October 16th 2023
深圳證券交易所:002128 2023年10月16日的資本回報率

Above you can see how the current ROCE for Inner Mongolia Dian Tou Energy 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 report on analyst forecasts for the company.

在上圖中,你可以看到內蒙古電投能源目前的淨資產收益率與之前的資本回報率相比如何,但你只能從過去知道這麼多。如果您感興趣,您可以在我們的免費分析師對該公司的預測報告.

What Can We Tell From Inner Mongolia Dian Tou Energy's ROCE Trend?

從內蒙古電頭能源的ROCE趨勢中我們可以看出什麼?

In terms of Inner Mongolia Dian Tou Energy's historical ROCE movements, the trend isn't fantastic. Around five years ago the returns on capital were 22%, but since then they've fallen to 13%. However it looks like Inner Mongolia Dian Tou Energy might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.

就內蒙古電頭能源歷史上的ROCE運動而言,這一趨勢並不美妙。大約五年前,資本回報率為22%,但自那以來已降至13%。然而,看起來內蒙古電投能源可能正在進行再投資,以實現長期增長,因為儘管已動用資本有所增加,但該公司的銷售額在過去12個月裡沒有太大變化。從現在開始,值得密切關注該公司的收益,看看這些投資最終是否真的為利潤做出了貢獻。

The Key Takeaway

關鍵的外賣

In summary, Inner Mongolia Dian Tou Energy is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 111% gain to shareholders who have held over the last five years. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.

總而言之,內蒙古電投能源正在將資金重新投資到業務中,以實現增長,但不幸的是,銷售看起來還沒有太大增長。投資者一定認為未來會有更好的事情發生,因為該公司的股票已經走出了困境,為過去五年持有的股東帶來了111%的收益。然而,除非這些潛在趨勢變得更加積極,否則我們不會抱太大希望。

Inner Mongolia Dian Tou Energy does have some risks though, and we've spotted 2 warning signs for Inner Mongolia Dian Tou Energy that you might be interested in.

不過,內蒙古滇頭能源確實存在一些風險,我們已經發現內蒙古電頭能源的2個警示標誌你可能會感興趣的。

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.

如果你想尋找收入豐厚的可靠公司,看看這個免費擁有良好資產負債表和可觀股本回報率的公司名單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論