The Return Trends At Sunrise Group (SZSE:002752) Look Promising
The Return Trends At Sunrise Group (SZSE:002752) Look Promising
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Sunrise Group's (SZSE:002752) returns on capital, so let's have a look.
你知道有一些財務指標可以爲潛在的多袋裝袋者提供線索嗎?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。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。說到這裏,我們注意到日升集團(SZSE:002752)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?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Sunrise Group:
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)。分析師使用以下公式來計算日出集團的利潤:
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)
0.17 = CN¥649m ÷ (CN¥7.4b - CN¥3.6b) (Based on the trailing twelve months to March 2024).
0.17 = 6.49億元人民幣 ÷(74億元人民幣-36億元人民幣) (基於截至2024年3月的過去十二個月)。
Thus, Sunrise Group has an ROCE of 17%. In absolute terms, that's a satisfactory return, but compared to the Packaging industry average of 4.4% it's much better.
因此,日出集團的投資回報率爲17%。從絕對值來看,這是一個令人滿意的回報,但與包裝行業平均水平的4.4%相比,回報要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240512/0-c6e90998db4b1a903ceb5e6cc6efafe4-0-0b8a8d612ffe5cac0131e4cc88337dd2.png/big)
Above you can see how the current ROCE for Sunrise Group 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 Sunrise Group for free.
上面你可以看到Sunrise Group當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果你願意,你可以免費查看報道Sunrise Group的分析師的預測。
So How Is Sunrise Group's ROCE Trending?
那麼 Sunrise Group 的 ROCE 趨勢如何呢?
Sunrise Group is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 17%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 74%. So we're very much inspired by what we're seeing at Sunrise Group thanks to its ability to profitably reinvest capital.
日出集團顯示出一些積極的趨勢。數據顯示,在過去五年中,資本回報率大幅上升至17%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了74%。因此,我們在Sunrise Group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。
On a separate but related note, it's important to know that Sunrise Group has a current liabilities to total assets ratio of 49%, which we'd consider pretty high. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
另一方面,值得注意的是,Sunrise Group的流動負債與總資產的比率爲49%,我們認爲這個比率相當高。這可能會帶來一些風險,因爲該公司的運營基本上在很大程度上依賴其供應商或其他類型的短期債權人。雖然這不一定是壞事,但如果這個比率較低,可能會有好處。
What We Can Learn From Sunrise Group's ROCE
我們可以從日出集團的投資回報率中學到什麼
To sum it up, Sunrise Group has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Given the stock has declined 10% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
總而言之,Sunrise Group已經證明它可以對業務進行再投資,並從所使用的資本中獲得更高的回報,這太棒了。鑑於該股在過去五年中下跌了10%,如果估值和其他指標也具有吸引力,這可能是一項不錯的投資。既然如此,對公司當前估值指標和未來前景的研究似乎很合適。
If you'd like to know about the risks facing Sunrise Group, we've discovered 1 warning sign that you should be aware of.
如果您想了解Sunrise Group面臨的風險,我們發現了您應該注意的1個警告信號。
While Sunrise Group 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Sunrise Group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。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。