Return Trends At Jiangyin Electrical AlloyLtd (SZSE:300697) Aren't Appealing
Return Trends At Jiangyin Electrical AlloyLtd (SZSE:300697) Aren't Appealing
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So, when we ran our eye over Jiangyin Electrical AlloyLtd's (SZSE:300697) trend of ROCE, we liked what we saw.
你知道有些財務指標可以提供潛在巨頭的線索嗎?在完美世界中,我們希望看到一家公司正在爲其業務投入更多的資本,理想情況下,從該資本獲得的回報也在增加。這最終表明,這是一家正在以不斷增加的回報率再投資利潤的公司。因此,我們審視江陰電合金股份有限公司(SZSE:300697)的ROCE趨勢時,我們喜歡我們看到的情況。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較,但過去只能知道這麼多。如果您感興趣,可以查看我們免費的蒙托克可再生能源分析師報告,了解分析師的預測。
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. The formula for this calculation on Jiangyin Electrical AlloyLtd is:
對於那些不確定 ROCE是什麼的人,它衡量了一家公司能夠從其業務中使用的資本創造多少稅前利潤。這個計算的公式是在江陰電合金股份有限公司上進行的:
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。
0.13 = CN¥146m ÷ (CN¥1.6b - CN¥492m) (Based on the trailing twelve months to March 2024).
0.13 = CN¥14600萬 ÷ (CN¥16億 - CN¥492m)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, Jiangyin Electrical AlloyLtd has an ROCE of 13%. In absolute terms, that's a satisfactory return, but compared to the Electrical industry average of 6.0% it's much better.
因此,江陰電合金股份有限公司的ROCE爲13%。絕對來說,這是一個令人滿意的回報,但與電氣行業平均水平6.0%相比,它要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240627/0-9c2db2803a2f3d78c4103bec5e4f1a87-0-681c256acc14dd9e3739f9c1eda2975b.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Jiangyin Electrical AlloyLtd's ROCE against it's prior returns. If you're interested in investigating Jiangyin Electrical AlloyLtd's past further, check out this free graph covering Jiangyin Electrical AlloyLtd's past earnings, revenue and cash flow.
歷史業績是研究股票的良好起點,因此,您可以看到江陰電合金股份有限公司的ROCE測量指標與其先前回報的比較。如果您有興趣進一步調查江陰電合金股份有限公司的過往業績,請查看這幅覆蓋江陰電合金股份有限公司過去收益、營業收入和現金流的免費圖表。
So How Is Jiangyin Electrical AlloyLtd's ROCE Trending?
江陰電合金股份有限公司的ROCE趨勢如何?
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has consistently earned 13% for the last five years, and the capital employed within the business has risen 41% in that time. 13% is a pretty standard return, and it provides some comfort knowing that Jiangyin Electrical AlloyLtd has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
ROCE的趨勢並不突出,但總體回報不錯。該公司在過去五年中始終保持13%的收益率,並且業務中使用的資本在此期間增長了41%。13%是一個相當標準的回報,這提供了一些安慰,因爲江陰電合金股份有限公司始終賺得這個數額。長時間的回報率可能並不會太令人興奮,但是通過穩定性,它們可以以股票價格回報的形式得到回報。
The Key Takeaway
重要提示
In the end, Jiangyin Electrical AlloyLtd has proven its ability to adequately reinvest capital at good rates of return. In light of this, the stock has only gained 35% over the last five years for shareholders who have owned the stock in this period. So because of the trends we're seeing, we'd recommend looking further into this stock to see if it has the makings of a multi-bagger.
最終,江陰電合金股份有限公司已經證明了其能夠以良好的回報率充分再投資資本的能力。因此,該股票在過去5年中只爲在該時期擁有該股票的股東們帶來了35%的漲幅。因此,基於我們看到的趨勢,我們建議進一步研究該股票,以查看它是否具有成爲潛在多倍股的潛力。
Jiangyin Electrical AlloyLtd does come with some risks though, we found 2 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...
不過,江陰電合金股份有限公司也存在一些風險,我們在投資分析中發現了2個警告標誌,其中1個使我們感到有些不安......
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
Hao Tian International Construction Investment Group確實存在一些風險,我們已經發現了一條警示標誌,你可能會感興趣。對於那些喜歡投資於實力雄厚的公司的人,可以查看這個由財務狀況強大、股本回報率高的公司組成的免費列表。
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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。或者,發送電子郵件至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
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。