Returns Are Gaining Momentum At Wanguo International Mining Group (HKG:3939)
Returns Are Gaining Momentum At Wanguo International Mining Group (HKG:3939)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, Wanguo International Mining Group (HKG:3939) looks quite promising in regards to its trends of return on capital.
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?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 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。因此,就资本回报率的趋势而言,万国国际矿业集团(HKG: 3939)看起来相当乐观。
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 Wanguo International Mining 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万国国际矿业集团的利润:
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)
0.19 = CN¥309m ÷ (CN¥2.2b - CN¥528m) (Based on the trailing twelve months to June 2023).
0.19 = 3.09亿元人民币 ÷(22亿元人民币-5.28亿元人民币) (基于截至 2023 年 6 月的过去十二个月)。
Thus, Wanguo International Mining Group has an ROCE of 19%. On its own, that's a standard return, however it's much better than the 8.2% generated by the Metals and Mining industry.
因此,万国国际矿业集团的投资回报率为19%。就其本身而言,这是标准回报,但要比金属和采矿业产生的8.2%好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240224/0-5ef49ee3980845cd5e69389592f4b293-0-001115f4be748c93c3f5d9ef0234bef5.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Wanguo International Mining Group's ROCE against it's prior returns. If you'd like to look at how Wanguo International Mining Group has performed in the past in other metrics, you can view this free graph of Wanguo International Mining Group's 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万国国际矿业集团投资回报率与先前回报对比的指标。如果你想在其他指标中查看万国国际矿业集团过去的表现,你可以查看万国国际矿业集团过去的收益、收入和现金流的免费图表。
The Trend Of ROCE
ROCE 的趋势
Wanguo International Mining Group is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 19%. 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 82%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
万国国际矿业集团显示出一些积极的趋势。数字显示,在过去五年中,所用资本的回报率已大幅增长至19%。实际上,该公司每使用1美元资本就能赚更多的钱,值得注意的是,资本金额也增加了82%。越来越多的资本所带来的回报率不断增加在多袋公司中很常见,这就是为什么我们印象深刻的原因。
What We Can Learn From Wanguo International Mining Group's ROCE
我们可以从万国国际矿业集团的ROCE中学到什么
In summary, it's great to see that Wanguo International Mining Group 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. Since the stock has returned a staggering 194% to shareholders over the last five years, it looks like investors are recognizing these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
总而言之,很高兴看到万国国际矿业集团能够通过持续地以更高的回报率进行资本再投资来增加回报,因为这些是那些备受追捧的多袋装企业的一些关键要素。由于该股在过去五年中向股东回报了惊人的194%,因此投资者似乎已经意识到了这些变化。话虽如此,我们仍然认为前景良好的基本面意味着公司值得进一步的尽职调查。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for 3939 that compares the share price and estimated value.
但是,在得出任何结论之前,我们需要知道当前股价将获得什么价值。在这里,您可以查看我们对3939的免费内在价值估算,其中比较了股价和估计价值。
While Wanguo International Mining 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.
尽管万国国际矿业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%的公司名单。在这里查看这个免费清单。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。