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Southern Publishing and MediaLtd (SHSE:601900) Is Looking To Continue Growing Its Returns On Capital

Southern Publishing and MediaLtd (SHSE:601900) Is Looking To Continue Growing Its Returns On Capital

南方出版傳媒股份有限公司(SHSE:601900)正在尋求繼續提高資本回報率
Simply Wall St ·  09/30 18:29

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'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. With that in mind, we've noticed some promising trends at Southern Publishing and MediaLtd (SHSE:601900) so let's look a bit deeper.

要找到一個具有巨大增長潛力的企業並不容易,但如果我們查看一些關鍵的財務指標,這是可能的。首先,我們希望看到資本使用回報率(ROCE)正在增加,其次是資本使用基數在擴大。基本上,這意味着公司有盈利的計劃,可以繼續進行再投資,這是一個複利機器的特徵。考慮到這一點,我們注意到南方出版傳媒有一些值得期待的趨勢 (SHSE:601900),所以讓我們深入了解一下。

Return On Capital Employed (ROCE): What Is It?

資本僱用回報率(ROCE)是什麼?

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. The formula for this calculation on Southern Publishing and MediaLtd is:

對於不了解的人來說,ROCE是一個公司每年稅前利潤(其回報)與企業中使用的資本相關的一個指標。Southern Publishing and MediaLtd的這種計算公式是:

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。

0.11 = CN¥1.1b ÷ (CN¥16b - CN¥5.9b) (Based on the trailing twelve months to June 2024).

0.11 = 人民幣11億 ÷ (人民幣160億 - 人民幣5.9億) (基於截至2024年6月的過去十二個月)。

Thus, Southern Publishing and MediaLtd has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 4.1% generated by the Media industry.

因此,南方出版傳媒的ROCE爲11%。就本身而言,這是一個標準回報,但比傳媒行業產生的4.1%要好得多。

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SHSE:601900 Return on Capital Employed September 30th 2024
SHSE:6019002024年9月30日資本使用回報率

Above you can see how the current ROCE for Southern Publishing and MediaLtd compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Southern Publishing and MediaLtd .

以上是南方出版傳媒有限公司當前資本回報率(ROCE)與之前資本回報率的對比情況,但過去只能告訴我們這麼多。如果您感興趣,可以查看我們免費的南方出版傳媒有限公司分析師預測報告。

How Are Returns Trending?

綜合上述,Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定,如果其他指標也不錯,則可能存在機會。因此,進一步研究這家公司並確定這些趨勢是否會持續是合理的。

Southern Publishing and MediaLtd is displaying some positive trends. Over the last five years, returns on capital employed have risen substantially to 11%. Basically the business is earning more per dollar of capital invested and in addition to that, 62% 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.

南方出版傳媒有限公司顯示出一些積極的趨勢。過去五年,資本利用率大幅提高至11%。基本上,企業每投資一美元就能賺取更多,並且現在使用的資本也增加了62%。利用日益增長的資本獲得不斷增長的回報在多倍回報者中很常見,這正是我們印象深刻的原因。

What We Can Learn From Southern Publishing and MediaLtd's ROCE

我們從南方出版傳媒有限公司的資本回報率(ROCE)中可以學到什麼

In summary, it's great to see that Southern Publishing and MediaLtd can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue.

總體而言,很高興看到南方出版傳媒有限公司可以通過不斷以遞增的回報率重新投資資本來複合回報,因爲這些是備受追捧的多倍回報者的關鍵因素之一。並且由於過去五年股票表現異常出色,投資者已經考慮到這些模式。因此,我們認爲值得您花時間檢查這些趨勢是否會持續。

One more thing: We've identified 2 warning signs with Southern Publishing and MediaLtd (at least 1 which makes us a bit uncomfortable) , and understanding them would certainly be useful.

還有一件事:我們已經發現南方出版傳媒有限公司存在2個警示信號(至少有1個讓我們感到有些不安),了解它們肯定是有用的。

While Southern Publishing and MediaLtd 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.

雖然目前南方出版傳媒有限公司的回報可能並不是最高的,但我們已經整理了一份目前獲得超過25%股本回報率的公司名單。點擊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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