Returns On Capital Are A Standout For Zangge Mining (SZSE:000408)
Returns On Capital Are A Standout For Zangge Mining (SZSE:000408)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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 Zangge Mining's (SZSE:000408) returns on capital, so let's have a look.
如果你正在寻找一款多功能装袋机,有几件事需要注意。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,我们注意到藏格矿业(深圳证券交易所代码:000408)的资本回报率发生了一些重大变化,所以让我们来看看吧。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Zangge Mining, this is the formula:
如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。要计算 Zangge Mining 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)
0.32 = CN¥4.0b ÷ (CN¥13b - CN¥953m) (Based on the trailing twelve months to September 2023).
0.32 = 4.0亿元人民币 ÷(13亿元人民币-9.53亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Zangge Mining has an ROCE of 32%. In absolute terms that's a great return and it's even better than the Chemicals industry average of 6.0%.
因此,藏格矿业的投资回报率为32%。从绝对值来看,这是一个不错的回报,甚至比化工行业6.0%的平均水平还要好。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240321/0-49d77432a149c738b5a2b8aa70ef0085-0-fa5792f06343b5d50dad00d374ce35cf.png/big)
Above you can see how the current ROCE for Zangge Mining compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Zangge Mining for free.
在上面你可以看到Zangge Mining当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果你愿意,你可以免费查看报道赞格矿业的分析师的预测。
How Are Returns Trending?
退货趋势如何?
The trends we've noticed at Zangge Mining are quite reassuring. The data shows that returns on capital have increased substantially over the last five years to 32%. Basically the business is earning more per dollar of capital invested and in addition to that, 69% 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.
我们在藏格矿业注意到的趋势相当令人放心。数据显示,在过去五年中,资本回报率大幅上升至32%。基本上,该企业每投资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69%。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。
In Conclusion...
总之...
To sum it up, Zangge Mining has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 194% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
总而言之,Zangge Mining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。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。因此,我们认为值得您花时间检查这些趋势是否会持续下去。
On a separate note, we've found 1 warning sign for Zangge Mining you'll probably want to know about.
另一方面,我们发现了你可能想知道的赞格矿业的1个警告信号。
High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.
高回报是强劲表现的关键因素,因此请查看我们的免费股本回报率高且资产负债表稳健的股票清单。
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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。