Investors Will Want Glarun TechnologyLtd's (SHSE:600562) Growth In ROCE To Persist
Investors Will Want Glarun TechnologyLtd's (SHSE:600562) Growth In ROCE To Persist
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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 Glarun TechnologyLtd's (SHSE:600562) returns on capital, so let's have a look.
您知道有些財務指標可以提供潛在倍增者的線索嗎?通常,我們會注意到資本利用率增長的趨勢。簡而言之,這些類型的企業是複利機器,意味着它們不斷以越來越高的回報率再投資其收益。然而,經過調查金德爾摩根(紐交所:KMI)後,我們認爲它目前的趨勢不符合倍增者的模式。資產回報率:它是什麼?對於那些不知道ROCE是什麼的人,ROCE是一個公司每年稅前利潤(回報)與企業用於投資的資本關係的度量。在Elevance Health的計算公式如下:資產回報率 = 利息和所得稅前收益(EBIT)÷(總資產-流動負債)基本上來說,這些類型的企業是複利機器,也就是說,它們在以越來越高的回報率不斷地重新投資其收益。就此而言,我們注意到格萊恩科技股份有限公司(SHSE:600562)的資本回報率有了很大的變化,讓我們來看看。
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。
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Glarun TechnologyLtd:
對於那些不知道ROCE是什麼的人來說,這是一種以企業所使用的資本爲基礎計算的年度稅前利潤率(收益),分析師使用這個公式來爲格萊恩科技股份有限公司計算:
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。
0.11 = CN¥640m ÷ (CN¥9.0b - CN¥3.3b) (Based on the trailing twelve months to March 2024).
0.11 = CN¥64000萬 ÷ (CN¥90億 - CN¥3.3b)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。.
Therefore, Glarun TechnologyLtd has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 3.9% generated by the Communications industry.
因此,格萊恩科技股份有限公司的ROCE爲11%。單獨看來,這是一個標準的回報,但它比通信行業產生的3.9%要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240626/0-89e5e51b13faabbd7e9404fabb22c066-0-8c7e1911b48e0745e257355b3c44d9ca.png/big)
Above you can see how the current ROCE for Glarun TechnologyLtd 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 Glarun TechnologyLtd for free.
以上是格萊恩科技股份有限公司目前的資本回報率與其先前回報率的對比,但過去只能說那麼多。如果您願意,您可以免費查看覆蓋格萊恩科技股份有限公司的分析師的預測。
What Does the ROCE Trend For Glarun TechnologyLtd Tell Us?
格萊恩科技股份有限公司的ROCE趨勢告訴我們什麼?
We like the trends that we're seeing from Glarun TechnologyLtd. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 11%. Basically the business is earning more per dollar of capital invested and in addition to that, 215% more capital is being employed now too. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
我們喜歡格萊恩科技股份有限公司正在出現的趨勢。數據表明,在過去的五年中,使用的資本回報率大幅增長至11%。基本上,該企業每投資一美元就可以獲得更多的回報率,而且現在使用的資本增加了215%。這可以表明,內部投資的機會非常多,而且回報率越來越高,這種組合在多頭行業中很常見。
What We Can Learn From Glarun TechnologyLtd's ROCE
我們可以從格萊恩科技股份有限公司的ROCE中學到什麼?
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 Glarun TechnologyLtd has. And since the stock has fallen 14% over the last five years, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified.
一個正在增長其資本回報率並且能夠持續地重新投資自身的企業是一個極其重要的特質,而這正是格萊恩科技股份有限公司具備的。而且,自過去五年以來,該股票已下跌14%,這可能是一個機會。因此,深入研究這家公司並確定這些趨勢是否會持續似乎是值得的。
One more thing to note, we've identified 1 warning sign with Glarun TechnologyLtd and understanding it should be part of your investment process.
還有一件事情要注意,我們已經發現格萊恩科技股份有限公司存在1個警告信號,了解它應該成爲您的投資過程的一部分。
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.
如果您想尋找財務狀況良好、回報卓越的實力強企業,可以免費查看以下公司列表。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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