Investors Will Want Jinneng Holding Shanxi Electric PowerLTD's (SZSE:000767) Growth In ROCE To Persist
Investors Will Want Jinneng Holding Shanxi Electric PowerLTD's (SZSE:000767) Growth In ROCE To Persist
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in Jinneng Holding Shanxi Electric PowerLTD's (SZSE:000767) returns on capital, so let's have a look.
如果我们想要识别下一个多袋子,有几个关键趋势需要寻找。通常,我们会注意到一种增长的趋势退货关于已使用资本(ROCE)以及与之相伴随的是不断扩大的基地已动用资本的比例。这向我们表明,它是一台复合机器,能够不断地将其收益再投资于企业,并产生更高的回报。说到这里,我们注意到了一些很大的变化晋能控股山西电力有限责任公司(SZSE:000767)资本回报率,让我们来看看。
Understanding Return On Capital Employed (ROCE)
了解资本回报率(ROCE)
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. To calculate this metric for Jinneng Holding Shanxi Electric PowerLTD, this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是一家公司可以从其业务中使用的资本产生的税前利润。要计算晋能控股山西电力有限公司的这一指标,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率=息税前收益(EBIT)?(总资产-流动负债)
0.028 = CN¥1.1b ÷ (CN¥60b - CN¥21b) (Based on the trailing twelve months to June 2023).
0.028=CN元11亿?(CN元600亿-CN元210亿)(根据截至2023年6月的往绩12个月计算)。
So, Jinneng Holding Shanxi Electric PowerLTD has an ROCE of 2.8%. Ultimately, that's a low return and it under-performs the Renewable Energy industry average of 5.8%.
所以,晋能控股山西电力股份有限公司的净资产收益率为2.8%。归根结底,这是一个很低的回报率,而且低于可再生能源行业5.8%的平均水平。
View our latest analysis for Jinneng Holding Shanxi Electric PowerLTD
查看我们对晋能控股山西电力有限公司的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231019/0-ceec3d39e67356d1384ac144993f8496-0-afb25ccb4b9e1b4bfd3766516d2a93e1.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Jinneng Holding Shanxi Electric PowerLTD's ROCE against it's prior returns. If you'd like to look at how Jinneng Holding Shanxi Electric PowerLTD has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.
在研究一只股票时,历史表现是一个很好的起点,在这上面,你可以看到晋能控股山西电力有限责任公司的ROCE相对于它之前的回报。如果你想看看晋能控股山西电力LTD过去在其他指标上的表现,你可以查看以下内容免费过去收益、收入和现金流的图表。
What Can We Tell From Jinneng Holding Shanxi Electric PowerLTD's ROCE Trend?
从晋能控股山西电力LTD的ROCE趋势可以看出什么?
Jinneng Holding Shanxi Electric PowerLTD has recently broken into profitability so their prior investments seem to be paying off. About five years ago the company was generating losses but things have turned around because it's now earning 2.8% on its capital. And unsurprisingly, like most companies trying to break into the black, Jinneng Holding Shanxi Electric PowerLTD is utilizing 33% more capital than it was five years ago. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.
晋能控股山西电力有限责任公司最近实现了盈利,因此他们之前的投资似乎得到了回报。大约五年前,该公司还在亏损,但情况已经好转,因为它现在的资本回报率为2.8%。并不令人意外的是,像大多数试图进入黑色市场的公司一样,晋能控股山西电力有限责任公司利用的资本比五年前增加了33%。这可能表明,有很多机会在内部以更高的利率进行资本投资,这两个特点都是多管齐下的。
The Bottom Line On Jinneng Holding Shanxi Electric PowerLTD's ROCE
晋能控股山西电力股份有限公司ROCE的底线
Overall, Jinneng Holding Shanxi Electric PowerLTD gets a big tick from us thanks in most part to the fact that it is now profitable and is reinvesting in its business. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 8.3% to shareholders. So with that in mind, we think the stock deserves further research.
总体而言,晋能控股山西电力有限责任公司从我们那里获得了很大提振,这在很大程度上要归功于它现在已经盈利,并正在对业务进行再投资。投资者可能还不会对有利的潜在趋势印象深刻,因为在过去五年中,该股对股东的回报率仅为8.3%。因此,考虑到这一点,我们认为该股值得进一步研究。
Like most companies, Jinneng Holding Shanxi Electric PowerLTD does come with some risks, and we've found 2 warning signs that you should be aware of.
与大多数公司一样,晋能控股山西电力有限公司也存在一些风险,我们发现2个警告标志这一点你应该知道。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收入丰厚的可靠公司,看看这个免费拥有良好资产负债表和可观股本回报率的公司名单。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。