Investors Will Want Swancor Advanced Materials' (SHSE:688585) Growth In ROCE To Persist
Investors Will Want Swancor Advanced Materials' (SHSE:688585) Growth In ROCE To Persist
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. With that in mind, we've noticed some promising trends at Swancor Advanced Materials (SHSE:688585) so let's look a bit deeper.
我们应该寻找哪些早期趋势来确定一只可能长期价值成倍增长的股票?理想情况下,企业将表现出两种趋势;首先是增长 返回 论资本使用率(ROCE),其次是增加 金额 所用资本的比例。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。考虑到这一点,我们注意到Swancor Advanced Materials(SHSE: 688585)的一些令人鼓舞的趋势,所以让我们更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Swancor Advanced Materials, this is the formula:
对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。要计算 Swancor 先进材料的这个指标,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)
0.094 = CN¥112m ÷ (CN¥1.7b - CN¥508m) (Based on the trailing twelve months to September 2023).
0.094 = 1.12亿元人民币 ÷(17亿元人民币-5.08亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Swancor Advanced Materials has an ROCE of 9.4%. In absolute terms, that's a low return, but it's much better than the Chemicals industry average of 5.6%.
因此,Swancor Advanced Materials的投资回报率为9.4%。从绝对值来看,回报率很低,但远好于化工行业平均水平的5.6%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240207/0-9790180d349eefc5233cceb4ae648429-0-435e6ba85cdd1c9511ee3bce6beb1633.png/big)
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings, revenue and cash flow of Swancor Advanced Materials, check out these free graphs here.
虽然过去并不能代表未来,但了解一家公司的历史表现可能会有所帮助,这就是我们上面有这张图表的原因。如果您想深入了解Swancor Advanced Materials的历史收益、收入和现金流,请在此处查看这些免费图表。
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 9.4%. The amount of capital employed has increased too, by 51%. 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.
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9.4%。使用的资本金额也增加了51%。这可能表明,内部有很多机会以更高的利率进行资本投资,这种组合在多袋公司中很常见。
The Bottom Line On Swancor Advanced Materials' ROCE
Swancor Advanced Materials 投资回报率的底线
To sum it up, Swancor Advanced Materials has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Given the stock has declined 54% in the last three years, this could be a good investment if the valuation and other metrics are also appealing. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
总而言之,Swancor Advanced Materials已经证明它可以对业务进行再投资,并从所使用的资本中获得更高的回报,这太棒了。鉴于该股在过去三年中下跌了54%,如果估值和其他指标也具有吸引力,这可能是一项不错的投资。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。
While Swancor Advanced Materials looks impressive, no company is worth an infinite price. The intrinsic value infographic in our free research report helps visualize whether 688585 is currently trading for a fair price.
尽管Swancor Advanced Materials看起来令人印象深刻,但没有一家公司值得无限的代价。我们的免费研究报告中的内在价值信息图有助于可视化688585目前的交易价格是否合理。
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。