Luyang Energy-Saving Materials' (SZSE:002088) Returns Have Hit A Wall
Luyang Energy-Saving Materials' (SZSE:002088) Returns Have Hit A Wall
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. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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, the ROCE of Luyang Energy-Saving Materials (SZSE:002088) looks decent, right now, so lets see what the trend of returns can tell us.
如果你在尋找下一款多袋裝機時不確定從哪裏開始,那麼你應該注意一些關鍵趨勢。在一個完美的世界中,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中獲得的回報也在增加。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資到業務中併產生更高的回報。考慮到這一點,魯陽節能材料(SZSE:002088)的投資回報率目前看起來不錯,所以讓我們看看回報趨勢能告訴我們什麼。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (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. The formula for this calculation on Luyang Energy-Saving Materials is:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。魯陽節能材料的計算公式爲:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)
0.19 = CN¥555m ÷ (CN¥3.7b - CN¥852m) (Based on the trailing twelve months to September 2023).
0.19 = 5.55億元人民幣 ÷(37億元人民幣-8.52億元人民幣) (基於截至2023年9月的過去十二個月)。
Therefore, Luyang Energy-Saving Materials has an ROCE of 19%. In absolute terms, that's a satisfactory return, but compared to the Chemicals industry average of 5.7% it's much better.
因此,陸洋節能材料的投資回報率爲19%。從絕對值來看,這是一個令人滿意的回報,但與化工行業平均水平的5.7%相比,回報要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240229/0-3adcc5628915029b74a8daeef8f20e60-0-e30c2f936b5ae1d0ee9a638ffbaa120d.png/big)
Above you can see how the current ROCE for Luyang Energy-Saving Materials 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 analyst report for Luyang Energy-Saving Materials .
上面你可以看到陸洋節能材料當前的投資回報率與之前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果您有興趣,可以在我們的免費魯陽節能材料分析師報告中查看分析師的預測。
How Are Returns Trending?
退貨趨勢如何?
While the current returns on capital are decent, they haven't changed much. Over the past five years, ROCE has remained relatively flat at around 19% and the business has deployed 46% more capital into its operations. 19% is a pretty standard return, and it provides some comfort knowing that Luyang Energy-Saving Materials has consistently earned this amount. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
儘管目前的資本回報率不錯,但變化不大。在過去的五年中,ROCE一直保持相對平穩,約爲19%,該業務在運營中投入的資本增加了46%。19%的回報率相當標準,得知陸陽節能材料一直賺到這筆錢,這讓人感到欣慰。這個大概的穩定回報可能並不令人興奮,但如果能夠長期維持這些回報,它們通常會爲股東提供豐厚的回報。
What We Can Learn From Luyang Energy-Saving Materials' ROCE
我們可以從陸洋節能材料的ROCE中學到什麼
To sum it up, Luyang Energy-Saving Materials has simply been reinvesting capital steadily, at those decent rates of return. And the stock has done incredibly well with a 120% return over the last five years, so long term investors are no doubt ecstatic with that result. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.
總而言之,陸陽節能材料一直在穩步進行資本再投資,回報率不錯。在過去五年中,該股表現非常出色,回報率爲120%,因此,長期投資者無疑對這一結果欣喜若狂。因此,儘管積極的潛在趨勢可能由投資者解釋,但我們仍然認爲該股值得進一步研究。
If you want to continue researching Luyang Energy-Saving Materials, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果你想繼續研究陸洋節能材料,你可能有興趣了解我們的分析發現的1個警告信號。
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.
如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。