Suzhou Douson Drilling & Production EquipmentLtd (SHSE:603800) Shareholders Will Want The ROCE Trajectory To Continue
Suzhou Douson Drilling & Production EquipmentLtd (SHSE:603800) Shareholders Will Want The ROCE Trajectory To Continue
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Suzhou Douson Drilling & Production EquipmentLtd (SHSE:603800) looks quite promising in regards to its trends of return on capital.
如果我們想確定下一個多功能裝袋機,有一些關鍵趨勢需要關注。理想情況下,企業將表現出兩種趨勢;首先是增長 返回 論資本使用率(ROCE),其次是增加 金額 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。因此,就資本回報率趨勢而言,蘇州道森鑽探與生產設備有限公司(SHSE: 603800)看起來相當樂觀。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Suzhou Douson Drilling & Production EquipmentLtd, this is the formula:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。要計算蘇州道森鑽探與生產設備有限公司的這一指標,公式如下:
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)
0.16 = CN¥244m ÷ (CN¥3.7b - CN¥2.2b) (Based on the trailing twelve months to March 2024).
0.16 = 24400萬元人民幣 ÷(37元人民幣-22億元人民幣) (基於截至2024年3月的過去十二個月)。
So, Suzhou Douson Drilling & Production EquipmentLtd has an ROCE of 16%. On its own, that's a standard return, however it's much better than the 6.5% generated by the Energy Services industry.
因此,蘇州道森鑽探與生產設備有限公司的投資回報率爲16%。就其本身而言,這是標準回報,但要比能源服務行業產生的6.5%好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240529/0-488d229671bd9becb424d85d89656441-0-8ec1870ed6aaf524b30c77e63f507854.png/big)
In the above chart we have measured Suzhou Douson Drilling & Production EquipmentLtd'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 Suzhou Douson Drilling & Production EquipmentLtd for free.
在上圖中,我們將蘇州道森鑽採設備有限公司之前的投資回報率與之前的業績進行了對比,但可以說,未來更爲重要。如果你願意,你可以免費查看報道蘇州道森鑽探與生產設備有限公司的分析師的預測。
The Trend Of ROCE
ROCE 的趨勢
Investors would be pleased with what's happening at Suzhou Douson Drilling & Production EquipmentLtd. Over the last five years, returns on capital employed have risen substantially to 16%. Basically the business is earning more per dollar of capital invested and in addition to that, 49% 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.
投資者會對蘇州道森鑽探與生產設備有限公司發生的事情感到滿意。在過去五年中,已動用資本回報率大幅上升至16%。基本上,企業每投資1美元的資本就能獲得更多的收入,除此之外,現在使用的資本也增加了49%。越來越多的資本所帶來的回報率不斷增加在多袋公司中很常見,這就是爲什麼我們印象深刻的原因。
For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. Essentially the business now has suppliers or short-term creditors funding about 59% of its operations, which isn't ideal. And with current liabilities at those levels, that's pretty high.
但是,記錄在案的是,在此期間,該公司的流動負債明顯增加,因此我們將部分投資回報率的增長歸因於此。從本質上講,該企業現在有供應商或短期債權人爲其業務的59%提供資金,這並不理想。在流動負債處於這些水平的情況下,這相當高。
The Bottom Line On Suzhou Douson Drilling & Production EquipmentLtd's ROCE
蘇州道森鑽採設備有限公司 ROCE 的底線
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 Suzhou Douson Drilling & Production EquipmentLtd has. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 95% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.
一家資本回報率不斷提高且能夠持續進行自我再投資的公司是一個備受追捧的特徵,而這正是蘇州道森鑽探與生產設備有限公司所擁有的。投資者似乎對未來有更多期望,因爲該股在過去五年中爲股東提供了95%的回報。因此,我們認爲值得您花時間檢查這些趨勢是否會持續下去。
If you'd like to know about the risks facing Suzhou Douson Drilling & Production EquipmentLtd, we've discovered 3 warning signs that you should be aware of.
如果你想了解蘇州道森鑽探與生產設備有限公司面臨的風險,我們發現了3個警告信號,你應該注意。
While Suzhou Douson Drilling & Production EquipmentLtd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管蘇州道森鑽探與生產設備有限公司的回報率並不高,但請查看這份免費清單,列出了資產負債表穩健的股本回報率高的公司。
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