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The Return Trends At CITIC Resources Holdings (HKG:1205) Look Promising

The Return Trends At CITIC Resources Holdings (HKG:1205) Look Promising

中信資源控股(HKG:1205)的回報趨勢看起來很有前途
Simply Wall St ·  09/27 18:03

What are the early trends we should look for to identify a stock that could multiply in value over the long term? 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 looked at CITIC Resources Holdings (HKG:1205) and its trend of ROCE, we really liked what we saw.

我們應該關注哪些早期趨勢,以識別那些可能在長期內價值大幅增長的股票?在完美世界中,我們希望看到公司將更多資本投入到業務中,理想情況下,從該資本中獲得的回報也在增加。最終,這表明這是一家以遞增的回報率重新投資利潤的企業。因此,當我們看中信資源控股(HKG:1205)及其ROCE趨勢時,我們對所見的一切都非常滿意。

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 CITIC Resources Holdings is:

對於那些不清楚什麼是ROCE的人來說,它衡量了一家公司在業務中所利用資本所能產生的稅前利潤量。這個計算公式在中信資源控股的運算如下:

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。

0.075 = HK$764m ÷ (HK$13b - HK$2.9b) (Based on the trailing twelve months to June 2024).

0.075 = HK$76400萬 ÷ (HK$130億 - HK$2.9b)(基於截至2024年6月的過去十二個月)。

Thus, CITIC Resources Holdings has an ROCE of 7.5%. In absolute terms, that's a low return, but it's much better than the Industrials industry average of 3.3%.

因此,中信資源控股的ROCE爲7.5%。就絕對值而言,這是一個較低的回報率,但比工業行業平均水平3.3%要好得多。

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SEHK:1205 Return on Capital Employed September 27th 2024
SEHK:1205 2024年9月27日投入資本回報率

Historical performance is a great place to start when researching a stock so above you can see the gauge for CITIC Resources Holdings' ROCE against it's prior returns. If you'd like to look at how CITIC Resources Holdings has performed in the past in other metrics, you can view this free graph of CITIC Resources Holdings' past earnings, revenue and cash flow.

歷史數據是研究股票的一個很好的起點,以上您可以看到中信資源控股的ROCE指標與其先前回報的對比。 如果您想查看中信資源控股在其他指標上的過去表現,您可以查看中信資源控股過去盈利、營業收入和現金流的免費圖表。

What Can We Tell From CITIC Resources Holdings' ROCE Trend?

我們能從中信資源控股的ROCE趨勢中得出什麼結論?

We're delighted to see that CITIC Resources Holdings is reaping rewards from its investments and has now broken into profitability. The company was generating losses five years ago, but has managed to turn it around and as we saw earlier is now earning 7.5%, which is always encouraging. While returns have increased, the amount of capital employed by CITIC Resources Holdings has remained flat over the period. With no noticeable increase in capital employed, it's worth knowing what the company plans on doing going forward in regards to reinvesting and growing the business. So if you're looking for high growth, you'll want to see a business's capital employed also increasing.

我們很高興地看到中信資源控股正在從其投資中獲得回報,並且現在已經實現盈利。 該公司五年前還在虧損,但設法扭虧爲盈,正如我們前面看到的,現在的收益率爲7.5%,這總是令人鼓舞的。 儘管收益率已經增加,但中信資源控股所使用的資本量在此期間保持不變。 隨着所使用的資本量沒有明顯增加,值得知道公司未來打算在重新投資和業務增長方面做些什麼。 因此,如果您正在尋找高增長,您會希望看到一個企業的使用資本量也在增加。

What We Can Learn From CITIC Resources Holdings' ROCE

我們能從中信資源控股的ROCE中學到什麼

To bring it all together, CITIC Resources Holdings has done well to increase the returns it's generating from its capital employed. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 6.2% to shareholders. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.

總的來說,中信資源控股良好地提高了其從投入資本中獲得的回報。 投資者可能尚未對有利的基本趨勢印象深刻,因爲在過去五年裏,該股僅爲股東帶來6.2%的回報。 因此,深入了解這隻股票可能會發現一個良好的機會,如果估值和其他指標符合要求。

If you'd like to know about the risks facing CITIC Resources Holdings, we've discovered 3 warning signs that you should be aware of.

如果您想了解中信資源控股面臨的風險,我們發現了您應該注意的3個警示信號。

While CITIC Resources Holdings 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.

雖然中信資源控股目前可能沒有獲得最高的回報,但我們已經整理了一份目前資本回報率超過25%的公司名單。 在這裏查看這份免費名單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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。

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