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Xin Point Holdings (HKG:1571) Is Very Good At Capital Allocation

Xin Point Holdings (HKG:1571) Is Very Good At Capital Allocation

新點控股(HKG:1571)在資本配置方面非常出色
Simply Wall St ·  12/07 06:21

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, 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. So when we looked at the ROCE trend of Xin Point Holdings (HKG:1571) we really liked what we saw.

如果你在尋找多倍收益的股票,有幾個方面需要注意。通常,我們希望注意到資本回報率(ROCE)增長的趨勢,以及與之相伴的資本投入增加。基本上,這意味着一家公司有盈利的業務可以繼續再投資,這是複利機器的一種特徵。因此,當我們查看鑫點控股(HKG:1571)的ROCE趨勢時,我們非常喜歡我們所看到的。

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

資本利用率(ROCE)是什麼?

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. Analysts use this formula to calculate it for Xin Point Holdings:

對於那些不確定ROCE是什麼的人來說,它衡量的是一家公司從其投入的資本中可以產生的稅前利潤。分析師使用這個公式來計算鑫點控股的ROCE:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)

0.21 = CN¥760m ÷ (CN¥4.7b - CN¥1.1b) (Based on the trailing twelve months to June 2024).

0.21 = CN¥76000萬 ÷ (CN¥47億 - CN¥1.1b)(基於2024年6月的過去十二個月)。

So, Xin Point Holdings has an ROCE of 21%. In absolute terms that's a great return and it's even better than the Auto Components industry average of 6.5%.

所以,鑫點控股的ROCE爲21%。在絕對值上,這是一個很好的回報,甚至超過了汽車元件行業的平均水平6.5%。

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SEHK:1571 Return on Capital Employed December 6th 2024
SEHK:1571 資本回報率 2024年12月6日

In the above chart we have measured Xin Point Holdings' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Xin Point Holdings .

在上面的圖表中,我們測量了新點控股之前的資本回報率(ROCE)與其之前的表現,但未來顯然更爲重要。如果您想了解分析師對未來的預測,您應該查看我們針對新點控股的免費分析師報告。

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。

Investors would be pleased with what's happening at Xin Point Holdings. Over the last five years, returns on capital employed have risen substantially to 21%. 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 52%. 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.

投資者會對新點控股目前發生的情況感到高興。過去五年中,資本使用的回報率大幅上升至21%。公司每一美元資本使用所賺取的利潤都在有效增加,值得注意的是,使用的資本量也增加了52%。這表明在內部投資資本的機會很多,並且回報率不斷提高,這在多倍回報的企業中很常見。

What We Can Learn From Xin Point Holdings' ROCE

我們可以從新點控股的資本回報率中學到什麼

All in all, it's terrific to see that Xin Point Holdings is reaping the rewards from prior investments and is growing its capital base. 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.

總的來說,看到新點控股從之前的投資中獲得回報並擴大其資本基礎,這是非常棒的。而且,隨着該股票在過去五年中表現異常良好,這些模式正被投資者所關注。因此,我們認爲值得您花時間查看這些趨勢是否會繼續。

If you want to continue researching Xin Point Holdings, you might be interested to know about the 1 warning sign that our analysis has discovered.

如果您想繼續研究新點控股,您可能會對我們分析發現的一個警告信號感興趣。

Xin Point Holdings is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.

新點控股並不是唯一獲得高回報的股票。如果您想看到更多,可以查看我們免費提供的具備紮實基本面的高回報公司名單。

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.

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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。

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