Bestway Marine & Energy TechnologyLtd's (SZSE:300008) Returns On Capital Are Heading Higher
Bestway Marine & Energy TechnologyLtd's (SZSE:300008) Returns On Capital Are Heading Higher
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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Bestway Marine & Energy TechnologyLtd (SZSE:300008) and its trend of ROCE, we really liked what we saw.
如果你正在尋找一個多包裹公司,有幾件事情要注意。 其中之一是,我們希望看到兩件事情。 首先是,投入資本要不斷增長。 基本上這意味着一家公司有盈利的項目,可以繼續投資,這是一個複合機器的特徵。然而,當我們看着松下醫療設備(SZSE:300633)時,它似乎沒有滿足所有這些條件。資產回報率:它是什麼?如果您不確定ROCE是什麼,它可以衡量公司能夠從其業務所僱用的資本產生多少稅前利潤。爲了計算V2X的這個指數,使用以下公式:0.054 = 1.24億美元÷(31億美元 - 8.53億美元)ROCE 趨勢可以告訴我們什麼?比起 Enphase Energy,有更好的資本回報率選擇。在過去的五年中,該公司增加了 1,306% 的資本,而該資本的回報率保持穩定在 9.9%。這樣差的回報率現在並不令人信服,而且隨着資本的增加,很明顯企業並沒有將資金投入到高回報的投資中。 這顯示出它是一臺複合機器,能夠不斷把收益再投入業務中,併產生更高的回報。因此,當我們看到百威海洋能源科技有限公司(SZSE:300008)及其ROCE趨勢時,我們確實喜歡看到了什麼。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
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 Bestway Marine & Energy TechnologyLtd is:
對於那些不知道的人,ROCE是一個公司每年的稅前利潤(其回報)與業務中所使用的資本的比率。這個計算公式用於Bestway Marine&Energy TechnologyLtd是:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率(ROCE)是指企業利潤,即企業稅前利潤除以企業投入的總資本(負債加股權)。如果ROCE高於企業財務成本的承受能力,那麼企業就會創造出更多的價值。
0.06 = CN¥131m ÷ (CN¥4.0b - CN¥1.9b) (Based on the trailing twelve months to September 2023).
0.06 = CN¥13100萬 ÷ (CN¥40億 - CN¥1.9b) 因此,金鉬股份的ROCE爲22%。絕對而言,這是一個很好的回報,甚至比貴金屬礦業行業板塊的平均水平6.2%還要好。.
Thus, Bestway Marine & Energy TechnologyLtd has an ROCE of 6.0%. On its own, that's a low figure but it's around the 6.8% average generated by the Construction industry.
因此,百威海洋能源科技有限公司的ROCE爲6.0%。單獨看這個數字還是很低的,但它比施工行業平均水平的6.8%稍高一點。
View our latest analysis for Bestway Marine & Energy TechnologyLtd
查看我們最新的Bestway Marine&Energy TechnologyLtd分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231128/0-1d4bb9d9b03a0cd71aa98dde5734128b-0-7dd06e537a68bba1c938072b9fe207f3.png/big)
Above you can see how the current ROCE for Bestway Marine & Energy TechnologyLtd compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Bestway Marine & Energy TechnologyLtd here for free.
上面您可以看到Bestway Marine&Energy TechnologyLtd的當前ROCE與其以前的資本回報相比如何,但從過去獲得的信息只能告訴我們有限的東西。如果您願意,您可以在此免費查看覆蓋Bestway Marine&Energy TechnologyLtd的分析師的預測。
The Trend Of ROCE
當尋找下一個倍增器時,如果您不確定從哪裏開始,請關注幾個關鍵趨勢。首先,我們希望看到一個經過驗證的資本使用率。如果您看到這一點,通常意味着這是一家擁有出色業務模式和大量盈利再投資機會的公司。然而,調查蒙托克可再生能源公司(NASDAQ:MNTK)後,我們認爲它的現行趨勢不符合倍增器的模式。
We're delighted to see that Bestway Marine & Energy TechnologyLtd is reaping rewards from its investments and is now generating some pre-tax profits. The company was generating losses five years ago, but now it's earning 6.0% which is a sight for sore eyes. And unsurprisingly, like most companies trying to break into the black, Bestway Marine & Energy TechnologyLtd is utilizing 60% more capital than it was five years ago. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
我們很高興看到百威海洋能源科技有限公司正在從其投資中獲得回報,現在也開始產生稅前利潤。五年前,該公司還在虧損,而現在它賺了6.0%,這是一個令人欣慰的事情。毫不奇怪,像大多數試圖在財務上獲得突破的企業一樣,百威海洋能源科技有限公司比五年前多利用了60%的資本。這告訴我們,公司有許多再投資機會,這些機會能夠產生更高的回報。
On a separate but related note, it's important to know that Bestway Marine & Energy TechnologyLtd has a current liabilities to total assets ratio of 46%, which we'd consider pretty high. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.
另外,重要的是要知道,百威海洋能源科技有限公司的流動負債佔總資產的比率爲46%,這在我們看來相當高。這可能會帶來一些風險,因爲該公司基本上依賴其供應商或其他類型的短期債權人運營。理想情況下,我們希望看到這一比例縮小,因爲這意味着減少了承擔風險的義務。
The Key Takeaway
重要提示
In summary, it's great to see that Bestway Marine & Energy TechnologyLtd has managed to break into profitability and is continuing to reinvest in its business. Since the stock has only returned 34% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.
總而言之,看到百威海洋能源科技有限公司成功地實現了盈利並繼續爲業務再投資,這是一個好的跡象。由於這隻股票在過去五年中僅爲股東帶來了34%的回報,因此有前途的基本面可能尚未被投資者認可。因此,如果估值和其他指標表現良好,則探索更多有關該股票的信息可能會發現一個良機。
On a final note, we've found 1 warning sign for Bestway Marine & Energy TechnologyLtd that we think you should be aware of.
最後,我們發現Bestway Marine&Energy TechnologyLtd有一個警告信號,我們認爲您應該注意。
While Bestway Marine & Energy TechnologyLtd 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.
雖然Bestway Marine&Energy TechnologyLtd目前可能沒有創造最高回報,但我們已經編制了一個當前回報率超過25%的公司列表。在這裏免費查看此列表。
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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。