Investors Will Want Ningbo BirdLtd's (SHSE:600130) Growth In ROCE To Persist
Investors Will Want Ningbo BirdLtd's (SHSE:600130) Growth In ROCE To Persist
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing 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. With that in mind, we've noticed some promising trends at Ningbo BirdLtd (SHSE:600130) so let's look a bit deeper.
如果我們想找到一隻可以長期成倍增長的股票,我們應該尋找哪些潛在趨勢?一種常見的方法是嘗試找一家公司 回報 論資本使用率(ROCE)在增加的同時增長 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。考慮到這一點,我們注意到寧波鳥業有限公司(上海證券交易所代碼:600130)的一些令人鼓舞的趨勢,所以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?
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 Ningbo BirdLtd 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)。Ningbo BirdLtd 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)
0.005 = CN¥5.3m ÷ (CN¥1.2b - CN¥128m) (Based on the trailing twelve months to September 2023).
0.005 = 530萬元人民幣 ÷(12億元人民幣-1.28億元人民幣) (基於截至2023年9月的過去十二個月)。
So, Ningbo BirdLtd has an ROCE of 0.5%. Ultimately, that's a low return and it under-performs the Tech industry average of 6.0%.
因此,寧波鳥業有限公司的投資回報率爲0.5%。歸根結底,這是一個低迴報,其表現低於科技行業6.0%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240416/0-8731091dcdb03ede85dd9a118fdf9aa1-0-63df45ab1060c327559a0308cfb9ee93.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 Ningbo BirdLtd's past further, check out this free graph covering Ningbo BirdLtd'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寧波BirdLtd的過去,請查看這張涵蓋寧波BirdLtd過去的收益、收入和現金流的免費圖表。
So How Is Ningbo BirdLtd's ROCE Trending?
那麼,寧波鳥業有限公司的投資回報率走勢如何?
Ningbo BirdLtd has recently broken into profitability so their prior investments seem to be paying off. Shareholders would no doubt be pleased with this because the business was loss-making five years ago but is is now generating 0.5% on its capital. Not only that, but the company is utilizing 21% more capital than before, but that's to be expected from a company trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
Ningbo BirdLtd最近實現盈利,因此他們之前的投資似乎正在獲得回報。毫無疑問,股東們會對此感到滿意,因爲該企業在五年前虧損,但現在的資本收益爲0.5%。不僅如此,該公司使用的資本比以前增加了21%,對於一家試圖實現盈利的公司來說,這是意料之中的。這可以告訴我們,該公司有大量的再投資機會,能夠產生更高的回報。
The Bottom Line
底線
Overall, Ningbo BirdLtd gets a big tick from us thanks in most part to the fact that it is now profitable and is reinvesting in its business. Astute investors may have an opportunity here because the stock has declined 33% in the last five years. With that in mind, we believe the promising trends warrant this stock for further investigation.
總體而言,Ningbo BirdLt在很大程度上得到了我們的好評,這在很大程度上要歸功於它現在已經盈利並且正在對其業務進行再投資。精明的投資者可能在這裏有機會,因爲該股在過去五年中下跌了33%。考慮到這一點,我們認爲前景樂觀的趨勢值得對該股進行進一步調查。
If you'd like to know about the risks facing Ningbo BirdLtd, we've discovered 1 warning sign that you should be aware of.
如果你想了解寧波BirdLtd面臨的風險,我們發現了一個你應該注意的警告信號。
While Ningbo BirdLtd 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.
儘管寧波BirdLtd目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。
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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。