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Dlg Exhibitions & Events (SHSE:600826) Is Doing The Right Things To Multiply Its Share Price

Dlg Exhibitions & Events (SHSE:600826) Is Doing The Right Things To Multiply Its Share Price

Dlg Exhibitions & Events(上海證券交易所代碼:600826)正在做正確的事情來倍增其股價
Simply Wall St ·  2023/10/11 22:32

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, Dlg Exhibitions & Events (SHSE:600826) looks quite promising in regards to its trends of return on capital.

如果我們想要找到一隻可以長期成倍增長的股票,我們應該尋找什麼潛在趨勢?在一個完美的世界裡,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中賺取的回報也在增加。如果你看到這個,通常意味著它是一家擁有出色商業模式和大量有利可圖的再投資機會的公司。所以在這個音符上,DLG展覽和活動(上交所:600826)在資本回報率趨勢方面看起來相當有希望。

What Is Return On Capital Employed (ROCE)?

什麼是資本回報率(ROCE)?

If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Dlg Exhibitions & Events:

如果你以前沒有使用過ROCE,它衡量的是一家公司從業務資本中獲得的“回報”(稅前利潤)。分析師使用以下公式來計算DLG展覽和活動的價格:

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

已動用資本回報率=息稅前收益(EBIT)?(總資產-流動負債)

0.051 = CN¥232m ÷ (CN¥5.9b - CN¥1.4b) (Based on the trailing twelve months to June 2023).

0.051=人民幣2.32億元?(人民幣59億元-人民幣14億元)(根據截至2023年6月的往績12個月計算)

Thus, Dlg Exhibitions & Events has an ROCE of 5.1%. On its own, that's a low figure but it's around the 5.9% average generated by the Trade Distributors industry.

因此,DLG展覽和活動的淨資產收益率為5.1%。就其本身而言,這是一個很低的數位,但它大約是貿易分銷商行業5.9%的平均增長率。

View our latest analysis for Dlg Exhibitions & Events

查看我們對DLG展覽和活動的最新分析

roce
SHSE:600826 Return on Capital Employed October 12th 2023
上證所:2023年10月12日資本回報率為600826

Above you can see how the current ROCE for Dlg Exhibitions & Events compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Dlg Exhibitions & Events here for free.

在上面,你可以看到DLG展覽和活動目前的淨資產收益率與之前的資本回報率相比如何,但你只能從過去知道這麼多。如果你願意,你可以在這裡查看DLG展覽和活動的分析師的預測免費的。

What Does the ROCE Trend For Dlg Exhibitions & Events Tell Us?

DLG展覽和活動的ROCE趨勢告訴我們什麼?

We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 5.1%. Basically the business is earning more per dollar of capital invested and in addition to that, 36% more capital is being employed now too. So we're very much inspired by what we're seeing at Dlg Exhibitions & Events thanks to its ability to profitably reinvest capital.

我們很高興看到ROCE正朝著正確的方向前進,儘管目前仍處於低位。數位顯示,在過去五年中,資本回報率大幅增長至5.1%。基本上,企業每投入一美元資本就能賺到更多的錢,除此之外,現在使用的資本也增加了36%。因此,我們從DLG展覽和活動中看到的東西非常受啟發,這要歸功於它能夠有利可圖地進行資本再投資。

Our Take On Dlg Exhibitions & Events' ROCE

我們對DLG展覽和活動ROCE的看法

To sum it up, Dlg Exhibitions & Events has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the total return from the stock has been almost flat over the last five years, there might be an opportunity here if the valuation looks good. That being the case, research into the company's current valuation metrics and future prospects seems fitting.

總而言之,DLG Exhibitions&Events已經證明瞭它可以對業務進行再投資,並從投入的資本中產生更高的回報,這是非常棒的。由於該股的總回報率在過去五年裡幾乎持平,如果估值看起來不錯,這裡可能會有機會。在這種情況下,對該公司目前的估值指標和未來前景的研究似乎是合適的。

One more thing, we've spotted 2 warning signs facing Dlg Exhibitions & Events that you might find interesting.

還有一件事,我們發現了2個個警告標誌面對DLG展覽&你可能會感興趣的活動。

While Dlg Exhibitions & Events 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DLG展覽和活動目前可能沒有獲得最高的回報,但我們已經編制了一份目前股本回報率超過25%的公司名單。看看這個免費在這裡列出。

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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.

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本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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