Return Trends At Guangdong Baolihua New Energy Stock (SZSE:000690) Aren't Appealing
Return Trends At Guangdong Baolihua New Energy Stock (SZSE:000690) Aren't Appealing
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Guangdong Baolihua New Energy Stock (SZSE:000690), we don't think it's current trends fit the mold of a multi-bagger.
尋找具有大幅增長潛力的企業並不容易,但如果我們看幾個關鍵的財務指標,這是可能的。首先,我們想找一個正在成長的 返回 關於已用資本(ROCE),然後除此之外,還不斷增加 基礎 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。但是,在調查了廣東寶利華新能源股票(深交所股票代碼:000690)之後,我們認爲目前的趨勢不符合多袋機的模式。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
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. To calculate this metric for Guangdong Baolihua New Energy Stock, this is the formula:
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。要計算廣東寶利華新能源股票的這個指標,公式如下:
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)
0.045 = CN¥762m ÷ (CN¥21b - CN¥4.0b) (Based on the trailing twelve months to September 2023).
0.045 = 7.62億元人民幣 ÷(21億元人民幣-4.0億元人民幣) (基於截至2023年9月的過去十二個月)。
So, Guangdong Baolihua New Energy Stock has an ROCE of 4.5%. In absolute terms, that's a low return and it also under-performs the Renewable Energy industry average of 5.8%.
因此,廣東寶利華新能源股票的投資回報率爲4.5%。從絕對值來看,這是一個低迴報,其表現也低於可再生能源行業5.8%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240326/0-66677d92cba9185d07663518504e39aa-0-2115dabe7d36c16289b1f561a78da76b.png/big)
In the above chart we have measured Guangdong Baolihua New Energy Stock's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Guangdong Baolihua New Energy Stock .
在上圖中,我們將廣東寶利華新能源股票先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果你想了解分析師對未來的預測,你應該查看我們對廣東寶利華新能源股票的免費分析師報告。
How Are Returns Trending?
退貨趨勢如何?
Over the past five years, Guangdong Baolihua New Energy Stock's ROCE and capital employed have both remained mostly flat. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. So don't be surprised if Guangdong Baolihua New Energy Stock doesn't end up being a multi-bagger in a few years time.
在過去的五年中,廣東寶利華新能源股票的投資回報率和所用資本均基本持平。在研究一家成熟穩定的企業時,這種情況並不少見,因爲該企業可能已經過了商業週期的這一階段,因此不進行收益再投資。因此,如果廣東寶利華新能源股票在幾年內沒有成爲多頭股票,也不要感到驚訝。
Another point to note, we noticed the company has increased current liabilities over the last five years. This is intriguing because if current liabilities hadn't increased to 19% of total assets, this reported ROCE would probably be less than4.5% because total capital employed would be higher.The 4.5% ROCE could be even lower if current liabilities weren't 19% of total assets, because the the formula would show a larger base of total capital employed. So while current liabilities isn't high right now, keep an eye out in case it increases further, because this can introduce some elements of risk.
需要注意的另一點是,我們注意到該公司的流動負債在過去五年中有所增加。這很有趣,因爲如果流動負債沒有增加到總資產的19%,則報告的投資回報率可能低於4.5%,因爲所使用的總資本會更高。如果流動負債不佔總資產的19%,4.5%的投資回報率可能會更低,因爲該公式將顯示動用總資本的基數更大。因此,儘管目前的流動負債並不高,但要注意以防其進一步增加,因爲這可能會帶來一些風險因素。
The Key Takeaway
關鍵要點
We can conclude that in regards to Guangdong Baolihua New Energy Stock's returns on capital employed and the trends, there isn't much change to report on. Since the stock has declined 35% over the last five years, investors may not be too optimistic on this trend improving either. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
我們可以得出結論,就廣東寶利華新能源股票的動用資本回報率和趨勢而言,沒有太大的變化可以報告。由於該股在過去五年中下跌了35%,因此投資者對這一趨勢的改善可能也不太樂觀。無論如何,該股票不具有上面討論的多袋裝股票的特徵,因此,如果您正在尋找這種特徵,我們認爲您在其他地方會更幸運。
On a separate note, we've found 1 warning sign for Guangdong Baolihua New Energy Stock you'll probably want to know about.
另一方面,我們發現了你可能想知道的廣東寶利華新能源股票的1個警告信號。
While Guangdong Baolihua New Energy Stock 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.
儘管廣東寶利華新能源股票目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。