Returns on Capital Paint A Bright Future For SITC International Holdings (HKG:1308)
Returns on Capital Paint A Bright Future For SITC International Holdings (HKG:1308)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at the ROCE trend of SITC International Holdings (HKG:1308) we really liked what we saw.
尋找倍增股,我們應該查看業務中的潛在趨勢。一種常用的方法是尋找資本雄厚的公司。這表明它是一個複利機器,能夠持續地將盈利再投資到業務中併產生更高的回報。基於此,當我們查看建業地產(SZSE:000719)及其ROCE趨勢時,並不十分令人興奮。返回以上你可以看到,Enphase Energy 的當前資本僱用回報率與之前的回報率相比如何,但從過去只能知道這麼多。如果你想看看分析師對未來的預測,你應該查看我們免費提供的 Enphase Energy 分析師報告。ROCE 趨勢可以告訴我們什麼?比起 Enphase Energy,有更好的資本回報率選擇。在過去的五年中,該公司增加了 1,306% 的資本,而該資本的回報率保持穩定在 9.9%。這樣差的回報率現在並不令人信服,而且隨着資本的增加,很明顯企業並沒有將資金投入到高回報的投資中。如果您看到這個,通常意味着這是一家擁有出色業務模式和大量有利可圖的再投資機會的公司。所以當我們看到海豐國際(港交所:1308)的ROCE趨勢時,我們真的很喜歡我們看到的東西。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on SITC International Holdings is:
僅澄清一下,如果您不確定,ROCE是一種評估公司在其業務中投資的資本所獲得的稅前收入的指標(以百分比形式)。在海豐國際(港交所:1308)上進行此計算的公式爲:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率(ROCE)是指企業利潤,即企業稅前利潤除以企業投入的總資本(負債加股權)。如果ROCE高於企業財務成本的承受能力,那麼企業就會創造出更多的價值。
0.22 = US$483m ÷ (US$2.7b - US$503m) (Based on the trailing twelve months to December 2023).
0.22 = 4.8300000000000004億美元 ÷ (27億美元 - 5.0300000000000007億美元)(基於截至2023年12月的過去十二個月).
Therefore, SITC International Holdings has an ROCE of 22%. That's a fantastic return and not only that, it outpaces the average of 6.6% earned by companies in a similar industry.
因此,海豐國際控股有限公司的ROCE爲22%。這是一個極好的回報,不僅如此,它還高於同行業公司6.6%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240627/0-9f36b41f2607b915189593c78056cf40-0-83d6fb50bfd69e303215c57fdcdbb643.png/big)
Above you can see how the current ROCE for SITC International Holdings 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 SITC International Holdings for free.
您可以看到海豐國際(港交所:1308)當前的ROCE與之前的資本回報率相比如何,但是從過去只能看到這麼多。如果您願意,您可以免費查看覆蓋海豐國際控股有限公司的分析師的預測。
What The Trend Of ROCE Can Tell Us
儘管如此,當我們看 enphase energy (納斯達克股票代碼:ENPH) 的時候,它似乎並沒有完全符合這些要求。
SITC International Holdings is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 22%. 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 68%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
海豐國際控股有限公司正在展現一些積極的趨勢。數據顯示,在過去的五年中,資本回報率顯著提高至22%。該公司每使用一美元的資本就能賺取更多的錢,值得注意的是,資本金額也增加了68%。在不斷增加的資本回報率和成長資本金額之間的正相關是成長股的常見現象,這就是爲什麼我們印象深刻的原因。
Our Take On SITC International Holdings' ROCE
我們對海豐國際控股有限公司的ROCE看法
All in all, it's terrific to see that SITC International Holdings is reaping the rewards from prior investments and is growing its capital base. And a remarkable 349% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.
總的來說,看到海豐國際控股有限公司正在從之前的投資中獲得回報並正在擴大其資本基礎是非常棒的。在過去五年中取得了驚人的349%的總回報,告訴我們投資者更多好的事情將會發生。因此,我們認爲檢查這些趨勢是否會持續值得您花時間去。
On a separate note, we've found 2 warning signs for SITC International Holdings you'll probably want to know about.
另外,我們發現海豐國際控股有限公司有2個警示信號,您可能需要知道。
SITC International Holdings is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.
海豐國際控股有限公司並不是唯一獲得高回報的股票。如果您想了解更多,請查看我們免費的高收益股票和堅實基礎的公司列表。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,也可以發送電子郵件至editorial-team@simplywallst.com