There's Been No Shortage Of Growth Recently For Hangzhou Advance Gearbox Group's (SHSE:601177) Returns On Capital
There's Been No Shortage Of Growth Recently For Hangzhou Advance Gearbox Group's (SHSE:601177) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Speaking of which, we noticed some great changes in Hangzhou Advance Gearbox Group's (SHSE:601177) returns on capital, so let's have a look.
你知道有一些财务指标可以为潜在的多袋装袋者提供线索吗?首先,我们希望看到经过验证的 返回 关于正在增加的资本使用率(ROCE),其次是扩大 基础 所用资本的比例。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。说到这里,我们注意到杭州前进齿轮箱集团(上海证券交易所代码:601177)的资本回报率发生了一些重大变化,所以让我们来看看吧。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (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. Analysts use this formula to calculate it for Hangzhou Advance Gearbox Group:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。分析师使用这个公式来计算杭州前进齿轮箱集团的利润:
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)
0.018 = CN¥57m ÷ (CN¥4.9b - CN¥1.7b) (Based on the trailing twelve months to September 2023).
0.018 = 5700万元人民币 ÷(49亿元人民币-17亿元人民币) (基于截至2023年9月的过去十二个月)。
Thus, Hangzhou Advance Gearbox Group has an ROCE of 1.8%. In absolute terms, that's a low return and it also under-performs the Machinery industry average of 6.1%.
因此,杭州前进齿轮箱集团的投资回报率为1.8%。从绝对值来看,这是一个低回报,其表现也低于机械行业6.1%的平均水平。
See our latest analysis for Hangzhou Advance Gearbox Group
查看我们对杭州前进齿轮箱集团的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240119/0-7d8eb2e6a8371a1438c3530c6c145fcf-0-82795a5377c363c2faeb12181b905180.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Hangzhou Advance Gearbox Group's ROCE against it's prior returns. If you're interested in investigating Hangzhou Advance Gearbox Group's past further, check out this free graph of past earnings, revenue and cash flow.
历史表现是研究股票的绝佳起点,因此在上方您可以看到杭州前进齿轮箱集团的投资回报率与先前回报对比的指标。如果你有兴趣进一步调查杭州前进齿轮箱集团的过去,请查看这张过去收益、收入和现金流的免费图表。
How Are Returns Trending?
退货趋势如何?
While in absolute terms it isn't a high ROCE, it's promising to see that it has been moving in the right direction. Over the last five years, returns on capital employed have risen substantially to 1.8%. Basically the business is earning more per dollar of capital invested and in addition to that, 44% 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.
尽管从绝对值来看,它并不是一个很高的投资回报率,但它有望看到它一直在朝着正确的方向前进。在过去五年中,已动用资本回报率大幅上升至1.8%。基本上,企业每投资1美元的资本就能获得更多的收入,除此之外,现在使用的资本也增加了44%。越来越多的资本回报率不断增加是多包商的常见现象,这就是为什么我们印象深刻的原因。
The Bottom Line On Hangzhou Advance Gearbox Group's ROCE
杭州前进齿轮箱集团投资回报率的底线
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Hangzhou Advance Gearbox Group has. And since the stock has fallen 14% over the last five years, there might be an opportunity here. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
一家资本回报率不断提高且能够持续进行自我再投资的公司是一个备受追捧的特征,而这正是杭州前进齿轮箱集团所拥有的。而且,由于该股在过去五年中下跌了14%,因此这里可能有机会。既然如此,对公司当前估值指标和未来前景的研究似乎很合适。
On a final note, we've found 1 warning sign for Hangzhou Advance Gearbox Group that we think you should be aware of.
最后,我们发现了杭州前进变速箱集团的1个警告信号,我们认为您应该注意这一点。
While Hangzhou Advance Gearbox Group 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.
尽管杭州Advance Gearbox集团目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司清单。在这里查看这个免费清单。
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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。