Asia-potash International Investment (Guangzhou)Co.Ltd (SZSE:000893) Might Have The Makings Of A Multi-Bagger
Asia-potash International Investment (Guangzhou)Co.Ltd (SZSE:000893) Might Have The Makings Of A Multi-Bagger
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. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing 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 Asia-potash International Investment (Guangzhou)Co.Ltd's (SZSE:000893) returns on capital, so let's have a look.
要找到一個有潛力大幅增長的業務並不容易，但如果我們看幾個關鍵的財務指標是可能的。首先，我們要確定一個不斷增長的資本僱用率。簡單地說，這些類型的企業是複合機器，這意味着它們不斷地以越來越高的回報率再投資其收益。說到這個，我們發現亞鉀國際（廣州）投資有很大的變化回報率，讓我們看看它。資產回報率：它是什麼？資本僱用回報率 (ROCE) 是一種早期趨勢，可以用來識別有可能在長期內翻倍增值的股票，然後在此基礎上，要尋找一個不斷增長的業務板塊和行業板塊。這告訴我們這是一臺複利機器，能夠不斷地將其收益再投入業務，從而產生更高的回報。因此，在這點上，Materialise (納斯達克:MTLS) 看起來相當有前途，因爲它在資本回報方面的趨勢相當不錯。資產回報率 = 利息和所得稅前收益（EBIT）÷（總資產-流動負債）資本僱用率的增加。簡單地說，這些類型的企業是複合機器，這意味着它們不斷地以越來越高的回報率再投資其收益。說到這個，我們發現亞鉀國際（廣州）投資有很大的變化回報率，讓我們看看它。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法：正如我們上面看到的，Enphase Energy 的資本回報率沒有提高，但它正在重新投資於業務。投資者必須認爲未來會有更好的前景，因爲股票表現良好，使持股五年以上的股東獲得了 690% 的收益。最終，如果基本趨勢持續存在，我們不會對它成爲一隻多頭股持有期很久很有信心。
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. To calculate this metric for Asia-potash International Investment (Guangzhou)Co.Ltd, this is the formula:
僅供澄清，ROCE是評估公司在其業務中投資的資本上獲得多少稅前收入（以百分比計）的度量標準。要爲亞鉀國際（廣州）投資計算此指標，可以使用以下公式：0.081 = CN¥1.2b ÷ (CN¥16b - CN¥2.1b) 。因此，亞鉀國際（廣州）投資的ROCE爲8.1%。單單這個數值雖然偏低，但與化學品行業平均值爲5.5%相比，要好得多。
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。
0.081 = CN¥1.2b ÷ (CN¥16b - CN¥2.1b) (Based on the trailing twelve months to March 2024).
SZSE:000893 Return on Capital Employed May 26th 2024在Elevance Health上，我們已經注意到的趨勢是相當令人放心的。數據顯示，過去五年資產回報率大幅提高至15％。投資所用資產的規模也增加了30％。這表明有很多機會進行內部資本投資，並以更高的速度不斷增長，這種組合在多倍增長方面很常見。.
Thus, Asia-potash International Investment (Guangzhou)Co.Ltd has an ROCE of 8.1%. On its own that's a low return, but compared to the average of 5.5% generated by the Chemicals industry, it's much better.
在上面的圖表中，我們測量了亞鉀國際（廣州）投資的之前的ROCE與其之前的表現，但未來更爲重要。如果您願意，您可以免費查看分析師對亞鉀國際（廣州）投資的預測。單看絕對數值，ROCE並不高，但看到它一直朝着正確的方向發展令人鼓舞。數字表明，在過去的五年中，資本僱用回報增長了相當多，達到了8.1%。資本僱用的金額也增長了270％。在不斷增長的資本中增加的回報在多倍增長者中很常見，這就是我們印象深刻的原因。
In the above chart we have measured Asia-potash International Investment (Guangzhou)Co.Ltd's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Asia-potash International Investment (Guangzhou)Co.Ltd for free.
在資本上增加回報並始終能夠穩健地再投資自身的公司是備受追捧的特徵，而亞鉀國際（廣州）投資擁有這種特徵。由於該股票在過去五年中給股東帶來了驚人的136％的回報，看起來投資者已經認識到這些變化。因此，我們認爲您值得花時間檢查這些趨勢是否將繼續。
What The Trend Of ROCE Can Tell Us
儘管如此，當我們看 enphase energy (納斯達克股票代碼：ENPH) 的時候，它似乎並沒有完全符合這些要求。
While in absolute terms it isn't a high ROCE, it's promising to see that it has been moving in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 8.1%. The amount of capital employed has increased too, by 270%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
亞鉀國際（廣州）投資有一些風險，我們注意到有2個警告信號（和1個有點不愉快的），我們認爲您應該知道。絕對數值雖然不高，但看到它一直朝着正確的方向發展令人鼓舞。數字表明，在過去的五年中，資本僱用所產生的回報已經大幅增長至8.1％。資本僱用所增加的回報在多倍增長者中很常見，這就是我們印象深刻的原因。
What We Can Learn From Asia-potash International Investment (Guangzhou)Co.Ltd's ROCE
從亞鉀國際（廣州）投資的ROCE中我們能學到什麼
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Asia-potash International Investment (Guangzhou)Co.Ltd has. Since the stock has returned a staggering 136% 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.
在資本上增加回報並始終能夠穩健地再投資自身的公司是備受追捧的特徵，而亞鉀國際（廣州）投資擁有這種特徵。由於該股票在過去五年中給股東帶來了驚人的136％的回報，看起來投資者已經認識到這些變化。因此，我們認爲您值得花時間檢查這些趨勢是否將繼續。
Asia-potash International Investment (Guangzhou)Co.Ltd does have some risks, we noticed 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.
亞鉀國際（廣州）投資有一些風險，我們注意到有2個警告信號（和1個有點不愉快的），我們認爲您應該知道。
While Asia-potash International Investment (Guangzhou)Co.Ltd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然亞鉀國際（廣州）投資的回報並不是最高的，但是可以查看這份高資本回報和堅實資產負債表公司的免費名單。
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