Returns On Capital At Chacha Food Company (SZSE:002557) Have Hit The Brakes
Returns On Capital At Chacha Food Company (SZSE:002557) Have Hit The Brakes
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look 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. 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 ran our eye over Chacha Food Company's (SZSE:002557) trend of ROCE, we liked what we saw.
如果我們想要找到一隻能夠在長期內翻倍的股票,我們應該尋找哪些潛在趨勢?首先,我們希望看到投入資本回報率(ROCE)正在增加,其次是投入資本的基礎正在擴展。如果您看到這一點,通常意味着這是一家擁有出色業務模式和豐富盈利再投資機會的公司。因此,當我們分析洽洽食品公司(SZSE:002557)ROCE的趨勢時,我們喜歡看到的內容是這樣的。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較,但過去只能知道這麼多。如果您感興趣,可以查看我們免費的蒙托克可再生能源分析師報告,了解分析師的預測。
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 Chacha Food Company is:
如果您不確定,ROCE是一種度量公司在其業務中投入資本的收益率(以百分比形式)的指標。Chacha Food Company的計算公式爲:
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。
0.12 = CN¥889m ÷ (CN¥9.4b - CN¥2.1b) (Based on the trailing twelve months to March 2024).
0.12 = CN¥88900萬 ÷ (CN¥94億 - CN¥2.1b)(以截至2024年3月的過去十二個月爲基礎)。
Therefore, Chacha Food Company has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Food industry average of 7.6% it's much better.
因此,洽洽食品公司的ROCE爲12%。就絕對值而言,這是一個令人滿意的回報,但與食品行業平均水平7.6%相比,它要好得多。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-220d0711a5731890e82a35e5d9cd10c9-0-8781440620e18fc0e68673ff64246e78.png/big)
In the above chart we have measured Chacha Food Company's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Chacha Food Company .
在上面的圖表中,我們測量了洽洽食品公司之前的ROCE,並將其與之前的表現進行了比較,但未來可能更重要。如果您感興趣,可以在我們的免費分析師報告中查看分析師的預測。
What Does the ROCE Trend For Chacha Food Company Tell Us?
洽洽食品公司的ROCE趨勢告訴我們什麼?
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 12% and the business has deployed 108% more capital into its operations. 12% is a pretty standard return, and it provides some comfort knowing that Chacha Food Company 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.
雖然當前的資本回報率還不錯,但並沒有太多變化。在過去的五年中,ROCE保持相對穩定,約爲12%,並且企業將其運營資本增加了108%。12%是一個相當標準的回報率,它提供一些安慰,知道洽洽食品公司一直都能夠獲得這個回報率。這個範圍內的穩定回報可能不是很令人興奮,但如果它們能夠在長期內保持,通常會爲股東提供不錯的回報。
The Bottom Line On Chacha Food Company's ROCE
關於洽洽食品公司的ROCE底線
In the end, Chacha Food Company has proven its ability to adequately reinvest capital at good rates of return. In light of this, the stock has only gained 13% over the last five years for shareholders who have owned the stock in this period. So because of the trends we're seeing, we'd recommend looking further into this stock to see if it has the makings of a multi-bagger.
最終,洽洽食品公司已經證明其能夠以良好的回報率進行充分的再投資。基於這一點,對於持有該股票五年期間的股東來說,股票只增長了13%。因此,由於我們所看到的潛在趨勢,我們建議進一步研究該股票,看看它是否具備成爲多倍收益股的條件。如果您仍然對洽洽食品公司感興趣,那麼值得檢查我們針對002557的免費內在價值近似值,以查看它是否在其他方面以有吸引力的價格交易。
If you're still interested in Chacha Food Company it's worth checking out our FREE intrinsic value approximation for 002557 to see if it's trading at an attractive price in other respects.
雖然洽洽食品公司目前的回報率可能不是最高的,但我們編制了一份目前獲得超過25%股權回報率的公司名單。在此處查看這個免費的名單。
While Chacha Food Company 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.
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.
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至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?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。