Returns On Capital Are A Standout For Zangge Mining (SZSE:000408)
Returns On Capital Are A Standout For Zangge Mining (SZSE:000408)
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. 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 Zangge Mining's (SZSE:000408) returns on capital, so let's have a look.
如果你正在尋找一個倍增的股票,那麼需要注意以下幾點。首先,我們希望看到一個已經被證明的資產業務增長。基本上這意味着公司有盈利的計劃,可以繼續再投資,這是複利機器的特點。資產回報率:它是什麼?了解資本使用回報率(ROCE)如果你以前沒有接觸過ROCE,它衡量公司從資本使用中產生的「回報」(稅前利潤)。要爲洪恩計算此指標,這是公式:資產回報率 = 利息和所得稅前收益(EBIT)÷(總資產-流動負債) 就資本使用率而言,這些類型的企業是複利機器,意味着它們不斷以越來越高的回報率重新投資其收益。說到這裏,我們發現藏格礦業(SZSE:000408)回報率發生了很大變化,讓我們來看看。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Zangge Mining, this is the formula:
如果您以前沒有使用過ROCE,它衡量公司從其業務中使用的資本獲得的「回報」(稅前利潤)。“計算Zangge Mining的這一指標的公式如下:
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。
0.32 = CN¥4.0b ÷ (CN¥13b - CN¥953m) (Based on the trailing twelve months to September 2023).
0.32 = CN¥40億 ÷ (CN¥130億 - CN¥953m) 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。.
Therefore, Zangge Mining has an ROCE of 32%. In absolute terms that's a great return and it's even better than the Chemicals industry average of 6.0%.
因此,藏格礦業的ROCE爲32%。就絕對值而言,這是一個很好的回報,甚至比化學品行業的平均回報率6.0%還要好。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240321/0-49d77432a149c738b5a2b8aa70ef0085-0-fa5792f06343b5d50dad00d374ce35cf.png/big)
Above you can see how the current ROCE for Zangge Mining 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 Zangge Mining for free.
您可以看到上面的內容,當前Zangge Mining的ROCE與之前的資本回報相比如何,但過去只能了解到這麼多。如果您願意,您可以免費查看分析師關於Zangge Mining的預測。
How Are Returns Trending?
綜合上述,Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定,如果其他指標也不錯,則可能存在機會。因此,進一步研究這家公司並確定這些趨勢是否會持續是合理的。
The trends we've noticed at Zangge Mining are quite reassuring. The data shows that returns on capital have increased substantially over the last five years to 32%. Basically the business is earning more per dollar of capital invested and in addition to that, 69% 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.
我們注意到Zangge Mining的趨勢令人振奮。數據顯示,在過去五年中,資本回報率大幅提高到32%。基本上,企業的每一美元的資本投資都賺得更多,此外,使用的資本現在增加了69%。在多倍增長股票中,不斷增加的資本回報常見,這就是爲什麼我們印象深刻。
In Conclusion...
最後,同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好,因此投資者不太可能表現友好。自五年前以來,該股下跌了32%。除非這些指標朝着更積極的軌跡轉變,否則我們將繼續尋找其他股票。
To sum it up, Zangge Mining has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 194% 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.
總之,藏格礦業已經證明它可以重新投資業務並在該資本中獲得更高的回報率,這太棒了。由於該股在過去五年中爲股東帶來了驚人的194%回報,看起來投資者正在認識到這些變化。因此,我們認爲值得花時間檢查這些趨勢是否會持續。
On a separate note, we've found 1 warning sign for Zangge Mining you'll probably want to know about.
另外,我們發現藏格礦業有1個警告信號,您可能需要了解。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回報率是強勁表現的關鍵因素,因此請查看我們的免費股票列表,其中列出了盈利能力強、資產負債表堅實的股票。
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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。