The Returns At GD Power DevelopmentLtd (SHSE:600795) Aren't Growing
The Returns At GD Power DevelopmentLtd (SHSE:600795) Aren't Growing
0.056 = CN¥20b ÷ (CN¥480b - CN¥127b) To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Having said that, from a first glance at GD Power DevelopmentLtd (SHSE:600795) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
要找到一个多倍增长的股票，我们应该关注业务中的潜在趋势。在完美世界中，我们希望看到公司将更多资本投入到业务中，并且最好从该资本获得的回报也在增加。如果您看到这一点，通常意味着这是一家具有出色业务模式和丰富盈利再投资机会的公司。话虽如此，从第一眼看GD Power DevelopmentLtd（SHSE:600795），我们并没有对回报趋势感到激动，但让我们深入了解。
Return On Capital Employed (ROCE): What Is It?
资本雇用回报率（ROCE）是什么？
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. Analysts use this formula to calculate it for GD Power DevelopmentLtd:
对于那些不确定ROCE是什么的人，它衡量了一家公司能够从其业务中使用的资本创造多少税前利润。分析师使用此公式为GD Power DevelopmentLtd计算它：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率（ROCE）是指企业利润，即企业税前利润除以企业投入的总资本（负债加股权）。如果ROCE高于企业财务成本的承受能力，那么企业就会创造出更多的价值。
0.056 = CN¥20b ÷ (CN¥480b - CN¥127b) (Based on the trailing twelve months to September 2024).
0.056 = 200亿人民币 ÷ (4800亿人民币 - 127亿人民币)（基于2024年9月前十二个月）。
Thus, GD Power DevelopmentLtd has an ROCE of 5.6%. Even though it's in line with the industry average of 5.6%, it's still a low return by itself.
因此，GD Power DevelopmentLtd的ROCE为5.6%。即使与5.6%的行业平均水平相符，它仍然是一个低回报。
Above you can see how the current ROCE for GD Power DevelopmentLtd compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for GD Power DevelopmentLtd .
在上面，您可以看到GD Power DevelopmentLtd目前的ROCE与其之前的资本回报相比，但从过去中你能获得的信息有限。如果您想知道分析师们对未来的预测，请查看我们为GD Power DevelopmentLtd提供的免费分析师报告。
The Trend Of ROCE
当寻找下一个倍增器时，如果您不确定从哪里开始，请关注几个关键趋势。首先，我们希望看到一个经过验证的资本使用率。如果您看到这一点，通常意味着这是一家拥有出色业务模式和大量盈利再投资机会的公司。然而，调查蒙托克可再生能源公司（NASDAQ：MNTK）后，我们认为它的现行趋势不符合倍增器的模式。
The returns on capital haven't changed much for GD Power DevelopmentLtd in recent years. Over the past five years, ROCE has remained relatively flat at around 5.6% and the business has deployed 24% more capital into its operations. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital.
近年来，GD Power DevelopmentLtd的资本回报没有太大变化。在过去的五年中，ROCE保持在大约5.6%左右，并且业务将更多资本投入到其运营中。考虑到公司增加了投入的资本数量，似乎表明已经进行的投资只是不能提供高回报的资本。
The Bottom Line On GD Power DevelopmentLtd's ROCE
关于GD Power DevelopmentLtd的ROCE，总体来说
As we've seen above, GD Power DevelopmentLtd's returns on capital haven't increased but it is reinvesting in the business. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 135% gain to shareholders who have held over the last five years. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.
正如我们上面所看到的，GD Power DevelopmentLtd的资本回报并没有增加，但它正在对业务进行再投资。投资者肯定认为未来会有更好的表现，因为股票在过去五年中已经为持股人带来了135%的收益。然而，除非这些潜在趋势变得更为积极，否则我们不会对其抱太高希望。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for GD Power DevelopmentLtd (of which 1 shouldn't be ignored!) that you should know about.
由于几乎每家公司都面临一些风险，了解它们值得。我们已经发现GD Power DevelopmentLtd存在2个警示信号（其中1个不容忽视！），您应该知道。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想寻找财务状况良好、回报卓越的实力强企业，可以免费查看以下公司列表。
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