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Investors Will Want Foryou's (SZSE:002906) Growth In ROCE To Persist

Investors Will Want Foryou's (SZSE:002906) Growth In ROCE To Persist

投資者希望Foryou(深圳證券交易所:002906)的投資回報率持續增長
Simply Wall St ·  03/09 19:55

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. Speaking of which, we noticed some great changes in Foryou's (SZSE:002906) returns on capital, so let's have a look.

尋找具有大幅增長潛力的企業並不容易,但如果我們看幾個關鍵的財務指標,這是可能的。理想情況下,企業將表現出兩種趨勢;首先是增長 返回 論資本使用率(ROCE),其次是增加 金額 所用資本的比例。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。說到這裏,我們注意到Foryou(深圳證券交易所:002906)的資本回報率發生了一些重大變化,所以讓我們來看看吧。

Return On Capital Employed (ROCE): What Is It?

資本使用回報率(ROCE):這是什麼?

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 Foryou is:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。在 Foryou 上進行此計算的公式爲:

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)

0.058 = CN¥351m ÷ (CN¥8.9b - CN¥2.9b) (Based on the trailing twelve months to September 2023).

0.058 = 人民幣 3.51 億元 ≤(CN¥8.9b-CN¥2.9b) (基於截至2023年9月的過去十二個月)

Therefore, Foryou has an ROCE of 5.8%. Even though it's in line with the industry average of 5.8%, it's still a low return by itself.

因此,Foryou的投資回報率爲5.8%。儘管它與5.8%的行業平均水平一致,但它本身的回報率仍然很低。

roce
SZSE:002906 Return on Capital Employed March 10th 2024
SZSE: 002906 2024 年 3 月 10 日動用資本回報率

In the above chart we have measured Foryou's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Foryou .

在上圖中,我們將Foryou之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。如果您有興趣,可以在我們爲Foryou提供的免費分析師報告中查看分析師的預測。

What Can We Tell From Foryou's ROCE Trend?

我們可以從Foryou的投資回報率趨勢中得出什麼?

Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 5.8%. Basically the business is earning more per dollar of capital invested and in addition to that, 75% more capital is being employed now too. So we're very much inspired by what we're seeing at Foryou thanks to its ability to profitably reinvest capital.

儘管投資回報率的絕對值仍然很低,但很高興看到它正朝着正確的方向前進。數據顯示,在過去五年中,資本回報率大幅上升至5.8%。基本上,企業每投資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75%。因此,我們在Foryou所看到的情況給我們帶來了極大的啓發,這要歸功於它能夠盈利地進行資本再投資。

The Bottom Line On Foryou's ROCE

Foryou's ROCE 的底線

All in all, it's terrific to see that Foryou is reaping the rewards from prior investments and is growing its capital base. And a remarkable 123% 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,看到Foryou從先前的投資中獲得回報並擴大其資本基礎真是太棒了。過去五年中驚人的123%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。

Like most companies, Foryou does come with some risks, and we've found 2 warning signs that you should be aware of.

像大多數公司一樣,Foryou確實存在一些風險,我們發現了兩個你應該注意的警告信號。

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.

對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。

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.

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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。

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
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