Be Wary Of Cec Environmental ProtectionLtd (SZSE:300172) And Its Returns On Capital
Be Wary Of Cec Environmental ProtectionLtd (SZSE:300172) And Its Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Cec Environmental ProtectionLtd (SZSE:300172) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 所用資本的比例。歸根結底,這表明這是一家以不斷提高的回報率對利潤進行再投資的企業。話雖如此,乍一看Cec環境保護有限公司(深圳證券交易所股票代碼:300172),我們並不是對回報趨勢不屑一顧,但讓我們更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
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. The formula for this calculation on Cec Environmental ProtectionLtd is:
爲了澄清一下你是否不確定,ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入(按百分比計算)的指標。Cec環境保護有限公司的計算公式爲:
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)
0.04 = CN¥84m ÷ (CN¥2.9b - CN¥816m) (Based on the trailing twelve months to December 2023).
0.04 = 8400萬元人民幣 ÷(29億元人民幣-8.16億元人民幣) (基於截至2023年12月的過去十二個月)。
Thus, Cec Environmental ProtectionLtd has an ROCE of 4.0%. Ultimately, that's a low return and it under-performs the Commercial Services industry average of 5.6%.
因此,Cec環境保護有限公司的投資回報率爲4.0%。歸根結底,這是一個低迴報,其表現低於商業服務行業5.6%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240414/0-e1e9444de02c1affb510a0960eb4bae2-0-e0bad55ce30612671600850f5bceffa8.png/big)
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you're interested in investigating Cec Environmental ProtectionLtd's past further, check out this free graph covering Cec Environmental ProtectionLtd's past earnings, revenue and cash flow.
雖然過去並不能代表未來,但了解一家公司的歷史表現可能會有所幫助,這就是我們上面有這張圖表的原因。如果你有興趣進一步調查Cec環境保護有限公司的過去,請查看這張涵蓋Cec環境保護有限公司過去的收益、收入和現金流的免費圖表。
What The Trend Of ROCE Can Tell Us
ROCE 的趨勢能告訴我們什麼
In terms of Cec Environmental ProtectionLtd's historical ROCE movements, the trend isn't fantastic. Over the last five years, returns on capital have decreased to 4.0% from 6.9% five years ago. However it looks like Cec Environmental ProtectionLtd 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Cec環境保護有限公司的歷史ROCE走勢而言,這一趨勢並不理想。在過去五年中,資本回報率從五年前的6.9%降至4.0%。但是,看來Cec Environmental ProtectionLtd可能正在進行再投資以實現長期增長,因爲儘管動用資本有所增加,但該公司的銷售額在過去12個月中沒有太大變化。從現在起,值得關注公司的收益,看看這些投資最終是否確實爲利潤做出了貢獻。
In Conclusion...
總之...
In summary, Cec Environmental ProtectionLtd is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And with the stock having returned a mere 29% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
總而言之,Cec環境保護有限公司正在將資金再投資到該業務中以實現增長,但不幸的是,銷售額似乎還沒有太大增長。而且,由於該股在過去五年中僅向股東回報了29%,你可以說他們意識到這些乏善可陳的趨勢。因此,如果您正在尋找多袋機,我們建議您考慮其他選項。
On a final note, we found 2 warning signs for Cec Environmental ProtectionLtd (1 is a bit unpleasant) you should be aware of.
最後,我們發現了Cec環境保護有限公司的兩個警告信號(其中一個有點不愉快),你應該注意。
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.
如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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。