Baoji Titanium Industry's (SHSE:600456) Returns On Capital Are Heading Higher
Baoji Titanium Industry's (SHSE:600456) Returns On Capital Are Heading Higher
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Baoji Titanium Industry's (SHSE:600456) returns on capital, so let's have a look.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 已动用资本的百分比。归根结底,这表明这是一家以更高的回报率对利润进行再投资的企业。说到这里,我们注意到宝鸡钛业(SHSE: 600456)的资本回报率发生了一些重大变化,所以让我们来看看。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(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 Baoji Titanium Industry, this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是公司从业务中使用的资本中可以产生的税前利润额。要计算宝鸡钛业的这个指标,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)
0.085 = CN¥801m ÷ (CN¥13b - CN¥3.8b) (Based on the trailing twelve months to September 2023).
0.085 = CN¥801m ≤(CN¥13b-cn¥3.8b) (基于截至2023年9月的过去十二个月)。
Thus, Baoji Titanium Industry has an ROCE of 8.5%. In absolute terms, that's a low return, but it's much better than the Metals and Mining industry average of 6.2%.
因此,宝鸡钛业的投资回报率为8.5%。从绝对值来看,这是一个低回报,但比金属和采矿业6.2%的平均水平要好得多。
View our latest analysis for Baoji Titanium Industry
查看我们对宝鸡钛业的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231129/0-4ce4bb9df0b03a87e403c8546210a40c-0-abba2e65e7cf25d2802e3dd3b8a0f5d3.png/big)
Above you can see how the current ROCE for Baoji Titanium Industry 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 report on analyst forecasts for the company.
在上方你可以看到宝鸡钛业当前的投资回报率与之前的资本回报率的比较,但从过去可以看出来只有这么多。如果你有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
How Are Returns Trending?
退货趋势如何?
We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. Over the last five years, returns on capital employed have risen substantially to 8.5%. 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 89%. 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.
我们很高兴看到ROCE正朝着正确的方向前进,尽管目前仍处于低位。在过去五年中,资本使用回报率已大幅上升至8.5%。实际上,该公司每使用1美元的资本可以赚更多的钱,值得注意的是,资本金额也增加了89%。这可能表明,有很多机会以更高的利率在内部进行资本投资,这种组合在多元化企业中很常见。
The Key Takeaway
关键要点
In summary, it's great to see that Baoji Titanium Industry 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 a remarkable 128% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
总而言之,很高兴看到宝鸡钛业能够通过不断提高的回报率对资本进行再投资来实现复合收益,因为这些是那些备受追捧的多袋机的一些关键要素。在过去五年中,高达128%的惊人总回报率告诉我们,投资者预计未来会有更多的好处。因此,鉴于该股已证明其趋势乐观,值得进一步研究该公司,看看这些趋势是否可能持续下去。
Baoji Titanium Industry does have some risks though, and we've spotted 1 warning sign for Baoji Titanium Industry that you might be interested in.
但是,宝鸡钛业确实存在一些风险,我们发现了宝鸡钛业的1个警告信号,你可能会感兴趣。
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.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。