Investors Shouldn't Overlook Shanxi Lu'an Environmental Energy Development's (SHSE:601699) Impressive Returns On Capital
Investors Shouldn't Overlook Shanxi Lu'an Environmental Energy Development's (SHSE:601699) Impressive Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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 the ROCE trend of Shanxi Lu'an Environmental Energy Development (SHSE:601699) we really liked what we saw.
如果你正在尋找一款多功能裝袋機,有幾件事需要注意。通常,我們希望注意到增長的趨勢 返回 在資本使用率(ROCE)方面,除此之外,還在擴大 基礎 所用資本的比例。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資到業務中併產生更高的回報。因此,當我們查看山西六安環境能源開發(SHSE: 601699)的投資回報率趨勢時,我們真的很喜歡我們所看到的。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (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 Shanxi Lu'an Environmental Energy Development 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)。山西六安環境能源開發的計算公式爲:
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)
0.30 = CN¥17b ÷ (CN¥89b - CN¥32b) (Based on the trailing twelve months to September 2023).
0.30 = 17億元人民幣 ÷(89億元人民幣-32億元人民幣) (基於截至2023年9月的過去十二個月)。
Therefore, Shanxi Lu'an Environmental Energy Development has an ROCE of 30%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 12%.
因此,山西六安環境能源開發公司的投資回報率爲30%。從絕對值來看,這是一個不錯的回報,甚至比石油和天然氣行業平均水平的12%還要好。
See our latest analysis for Shanxi Lu'an Environmental Energy Development
查看我們對山西六安環境能源開發的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240104/0-d9f41ea9de21ea5add9d53a716af68a7-0-d2eb04206dbc533fa138abc4b1e0b7c2.png/big)
In the above chart we have measured Shanxi Lu'an Environmental Energy Development's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Shanxi Lu'an Environmental Energy Development.
在上圖中,我們將山西六安環境能源開發公司先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果你想了解分析師對未來的預測,你應該查看我們的山西六安環境能源開發免費報告。
What Can We Tell From Shanxi Lu'an Environmental Energy Development's ROCE Trend?
我們可以從山西六安環境能源開發的ROCE趨勢中得出什麼?
Shanxi Lu'an Environmental Energy Development is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 30%. The amount of capital employed has increased too, by 69%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
山西六安環境能源發展呈現出一些積極的趨勢。數字顯示,在過去五年中,所用資本的回報率已大幅增長至30%。使用的資本金額也增加了69%。這可能表明,內部有很多機會以更高的利率進行資本投資,這種組合在多袋公司中很常見。
On a related note, the company's ratio of current liabilities to total assets has decreased to 36%, which basically reduces it's funding from the likes of short-term creditors or suppliers. Therefore we can rest assured that the growth in ROCE is a result of the business' fundamental improvements, rather than a cooking class featuring this company's books.
與此相關的是,該公司的流動負債佔總資產的比率已降至36%,這基本上減少了來自短期債權人或供應商等機構的融資。因此,我們可以放心,ROCE的增長是業務基本改善的結果,而不是以該公司書籍爲特色的烹飪課。
In Conclusion...
總之...
In summary, it's great to see that Shanxi Lu'an Environmental Energy Development 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. And a remarkable 357% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.
總而言之,很高興看到山西六安環境能源開發公司能夠通過持續地以更高的回報率進行資本再投資來增加回報,因爲這些是那些備受追捧的多袋裝企業的一些關鍵要素。過去五年中驚人的357%總回報率告訴我們,投資者預計未來還會有更多好事發生。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 final note, you should learn about the 2 warning signs we've spotted with Shanxi Lu'an Environmental Energy Development (including 1 which is a bit unpleasant) .
最後一點,你應該了解一下我們在山西六安環境能源開發中發現的兩個警告標誌(包括一個有點不愉快的警示標誌)。
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,可以查看這份資產負債表穩健且淨資產回報率也很高的股票的免費清單。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。