Zhengzhou Coal Mining Machinery Group (SHSE:601717) Is Doing The Right Things To Multiply Its Share Price
Zhengzhou Coal Mining Machinery Group (SHSE:601717) Is Doing The Right Things To Multiply Its Share Price
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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at Zhengzhou Coal Mining Machinery Group (SHSE:601717) so let's look a bit deeper.
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)如果您看到這個信息,一般意味着這是一家擁有出色商業模式和大量盈利再投資機會的公司。考慮到這一點,我們注意到了鄭州煤炭開採機械集團(SHSE:601717)的一些有希望的趨勢,所以讓我們更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)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. The formula for this calculation on Zhengzhou Coal Mining Machinery Group is:
如果您之前沒有接觸過ROCE,它衡量的是公司從其業務中使用的資本產生的“回報”(稅前利潤)。 這個公式在鄭州煤炭開採機械集團的計算方式是:
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。
0.14 = CN¥4.4b ÷ (CN¥49b - CN¥18b) (Based on the trailing twelve months to March 2024).
0.14 = 44000000000 元人民幣 ÷ (48000000000 元人民幣 - 18000000000 元人民幣)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。.
So, Zhengzhou Coal Mining Machinery Group has an ROCE of 14%. On its own, that's a standard return, however it's much better than the 5.6% generated by the Machinery industry.
因此,鄭州煤炭開採機械集團的ROCE爲14%。 就其本身而言,那是一個標準的回報,但它比機械行業的5.6%要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240707/0-09f32db5a9a7de4b52c58655fec39f27-0-a7b65962da4221b59737d040952f534e.png/big)
Above you can see how the current ROCE for Zhengzhou Coal Mining Machinery Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Zhengzhou Coal Mining Machinery Group .
在上面,您可以看到鄭州煤炭開採機械集團當前ROCE與其先前資本回報率的比較情況,但從過去僅能了解到那麼多信息。 如果您想看看分析師預測未來的情況,您應該查看我們的自由分析師報告鄭州煤炭開採機械集團。
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。
Zhengzhou Coal Mining Machinery Group is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 14%. 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 83%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
鄭州煤炭開採機械集團正在展現出一些積極的趨勢。數據顯示,在過去的五年中,資本回報率已大幅增長至14%。該公司有效地爲每美元使用的資本賺取更多的錢,值得注意的是,使用的資本數量也增加了83%。在成倍增長的公司中,使用日益增長的資本獲取日益增加的回報是很常見的原因,這也是我們印象深刻的原因。
What We Can Learn From Zhengzhou Coal Mining Machinery Group's ROCE
我們能從鄭州煤炭開採機械集團的ROCE中學到什麼
To sum it up, Zhengzhou Coal Mining Machinery Group has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 182% to shareholders over the last five years, it looks like investors are recognizing these changes. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
總的來說,鄭州煤炭開採機械集團已經證明了它可以對業務進行再投資並在此基礎上產生更高回報,這是非常好的。由於股票在過去的五年中已經爲股東帶來了驚人的182%的回報,看起來投資者正在認識到這些變化。因此,鑑於股票已經證明具有有希望的趨勢,值得進一步研究該公司以查看這些趨勢是否有可能持續。
If you want to continue researching Zhengzhou Coal Mining Machinery Group, you might be interested to know about the 2 warning signs that our analysis has discovered.
如果您想繼續研究鄭州煤炭開採機械集團,您可能會對我們的分析發現的2個警告信號感興趣。
While Zhengzhou Coal Mining Machinery 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.
雖然鄭州煤炭開採機械集團目前可能沒有獲得最高回報,但我們已編制了一份目前獲得超過25%股本回報的公司列表。請在此處查看此免費列表。
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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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