We Think Sailun Group (SHSE:601058) Might Have The DNA Of A Multi-Bagger
We Think Sailun Group (SHSE:601058) Might Have The DNA Of A Multi-Bagger
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. 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, the ROCE of Sailun Group (SHSE:601058) looks great, so lets see what the trend can tell us.
如果您不確定下一個多倍投資者應該從哪裏開始尋找,那麼應該注意一些關鍵趨勢。一種常見的方法是試圖找到一個企業,其資本僱用回報率(ROCE)在不斷增加,同時僱用資本的數量也在增長。最終,這表明它是一家企業以不斷增加的回報率再投資利潤。鑑於此,賽輪輪胎(SHSE:601058)的ROCE看起來非常不錯,那麼我們看看這種趨勢能告訴我們什麼。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
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 Sailun Group, this is the formula:
如果您以前沒有使用ROCE,它衡量了公司從其業務中僱用的資本所產生的“回報率”(稅前利潤)。要爲賽輪輪胎計算此指標,使用以下公式:
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 = CN¥4.7b ÷ (CN¥35b - CN¥14b) (Based on the trailing twelve months to March 2024).
0.22 = CN¥47億÷(CN¥350億-CN¥14b)(基於截至2024年3月的過去12個月)。
Therefore, Sailun Group has an ROCE of 22%. That's a fantastic return and not only that, it outpaces the average of 6.9% earned by companies in a similar industry.
因此,賽輪輪胎的ROCE爲22%。這是非常出色的回報率,並且不僅如此,還超過了類似行業公司的平均6.9%。
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Above you can see how the current ROCE for Sailun Group 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 Sailun Group for free.
您可以看到賽輪輪胎目前的ROCE與其先前資本回報率相比如何,但是您只能從過去了解這麼多。如果您願意,可以免費查看覆蓋賽輪輪胎的分析師的預測。
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。
Sailun Group is displaying some positive trends. Over the last five years, returns on capital employed have risen substantially to 22%. The amount of capital employed has increased too, by 191%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
賽輪輪胎顯示出一些積極的趨勢。在過去的五年中,僱用資本的回報率已經大大提高到22%。僱用的資本數量也增加了191%。這可能表明,有很多機會在內部投資資本並以不斷提高的回報率,這種組合在多袋中很常見。
One more thing to note, Sailun Group has decreased current liabilities to 41% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. This tells us that Sailun Group has grown its returns without a reliance on increasing their current liabilities, which we're very happy with. However, current liabilities are still at a pretty high level, so just be aware that this can bring with it some risks.
請注意,賽輪輪胎已將流動負債降至總資產的41%,有效地減少了來自供應商或短期債權人的資金。這告訴我們,賽輪輪胎在不依賴增加其流動負債的情況下增加了其回報,這讓我們非常滿意。然而,當前負債仍處於相當高的水平,因此請注意,這可能會帶來一些風險。
The Bottom Line
還有一件事需要注意的是,我們已經確定了上海醫藥的2個警告信號,了解這些信號應該成爲你的投資過程的一部分。
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Sailun Group has. Since the stock has returned a staggering 293% to shareholders over the last five years, it looks like investors are recognizing these changes. In light of that, we think it's worth looking further into this stock because if Sailun Group can keep these trends up, it could have a bright future ahead.
一家增加其資本回報率並能夠持續再投資的公司是一個非常受追捧的特徵,這就是賽輪輪胎所擁有的。由於該股票在過去的五年中爲股東帶來了驚人的293%的回報,因此投資者似乎正在認識到這些變化。鑑於此,我們認爲值得進一步研究此股票,因爲如果賽輪輪胎能夠繼續保持這些趨勢,它可能會有一個輝煌的未來。
If you want to continue researching Sailun Group, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果您想繼續研究賽輪輪胎,您可能會對我們分析中發現的1個警告符號感興趣。
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.
高回報率是強勁表現的關鍵因素,因此請查看我們的免費股票列表,其中列出了盈利能力強、資產負債表堅實的股票。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。