GRG Banking Equipment (SZSE:002152) Is Doing The Right Things To Multiply Its Share Price
GRG Banking Equipment (SZSE:002152) Is Doing The Right Things To Multiply Its Share Price
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. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding 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. Speaking of which, we noticed some great changes in GRG Banking Equipment's (SZSE:002152) returns on capital, so let's have a look.
如果你在尋找下一款多功能裝袋機時不確定從哪裏開始,那麼你應該留意一些關鍵趨勢。首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 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。說到這裏,我們注意到GRG銀行設備(SZSE:002152)的資本回報率發生了一些重大變化,所以讓我們來看看。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率(ROCE)?
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. Analysts use this formula to calculate it for GRG Banking Equipment:
對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。分析師使用以下公式來計算GRG銀行設備的金額:
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)
0.10 = CN¥1.4b ÷ (CN¥23b - CN¥8.4b) (Based on the trailing twelve months to December 2023).
0.10 = 14億元人民幣 ÷(23億元人民幣-8.4億元人民幣) (基於截至2023年12月的過去十二個月)。
Thus, GRG Banking Equipment has an ROCE of 10%. In absolute terms, that's a satisfactory return, but compared to the Tech industry average of 5.9% it's much better.
因此,GRG銀行設備的投資回報率爲10%。從絕對值來看,這是一個令人滿意的回報,但與科技行業的平均水平5.9%相比,回報要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240330/0-b972c5e58eea707054cf0bba6dbf341b-0-6ffef8f0692e0417e7edbcda410aab05.png/big)
Above you can see how the current ROCE for GRG Banking Equipment 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 GRG Banking Equipment for free.
上面你可以看到GRG銀行設備當前的投資回報率與其先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。如果你願意,你可以免費查看分析師對GRG銀行設備的預測。
How Are Returns Trending?
退貨趨勢如何?
The trends we've noticed at GRG Banking Equipment are quite reassuring. Over the last five years, returns on capital employed have risen substantially to 10%. The amount of capital employed has increased too, by 50%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我們在GRG銀行設備上注意到的趨勢非常令人放心。在過去五年中,已動用資本回報率大幅上升至10%。使用的資本金額也增加了50%。越來越多的資本所帶來的回報率不斷增加在多袋公司中很常見,這就是爲什麼我們印象深刻的原因。
For the record though, there was a noticeable increase in the company's current liabilities over the period, so we would attribute some of the ROCE growth to that. The current liabilities has increased to 37% of total assets, so the business is now more funded by the likes of its suppliers or short-term creditors. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.
但是,記錄在案的是,該公司的流動負債在此期間顯著增加,因此我們將投資回報率的部分增長歸因於此。流動負債已增加到總資產的37%,因此該業務現在更多地由供應商或短期債權人等機構提供資金。值得關注這個問題,因爲隨着流動負債佔總資產的百分比的增加,風險的某些方面也會增加。
In Conclusion...
總之...
All in all, it's terrific to see that GRG Banking Equipment is reaping the rewards from prior investments and is growing its capital base. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 68% return over the last five years. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
總而言之,看到GRG Banking Equipment從先前的投資中獲得回報並不斷擴大其資本基礎真是太棒了。投資者似乎對未來有更多期望,因爲該股在過去五年中爲股東提供了68%的回報。因此,鑑於該股已證明其趨勢令人鼓舞,值得進一步研究該公司,看看這些趨勢是否可能持續下去。
Like most companies, GRG Banking Equipment does come with some risks, and we've found 1 warning sign that you should be aware of.
像大多數公司一樣,GRG銀行設備確實存在一些風險,我們發現了一個你應該注意的警告信號。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。
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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。