share_log

Guangdong Sunwill Precising PlasticLtd's (SZSE:002676) Returns On Capital Are Heading Higher

Guangdong Sunwill Precising PlasticLtd's (SZSE:002676) Returns On Capital Are Heading Higher

廣東舜維精密塑膠股份有限公司(SZSE:002676)的資本回報率正在上升
Simply Wall St ·  2024/11/12 17:39

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, Guangdong Sunwill Precising PlasticLtd (SZSE:002676) looks quite promising in regards to its trends of return on capital.

如果我們想要識別可以在長期內增值的股票,我們應該關注哪些趨勢?通常,我們希望注意到資本回報率(ROCE)增長的趨勢,同時,資本投入的基礎也在擴大。最後,這表明這是一家以不斷提高的回報率重新投資利潤的企業。因此,從這個角度來看,廣東省尚維精密塑料有限公司(SZSE:002676)在資本回報率的趨勢方面顯得相當有前景。

What Is Return On Capital Employed (ROCE)?

什麼是資本回報率(ROCE)?

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 Guangdong Sunwill Precising PlasticLtd is:

爲了澄清,如果你不確定,ROCE 是評估公司在其業務中投入資本賺取多少稅前收入(以百分比表示)的指標。關於廣東省尚維精密塑料有限公司的此計算公式爲:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)

0.047 = CN¥92m ÷ (CN¥3.7b - CN¥1.8b) (Based on the trailing twelve months to September 2024).

0.047 = CN¥9200萬 ÷ (CN¥37億 - CN¥1.8b)(基於截至2024年9月的過去12個月數據)。

So, Guangdong Sunwill Precising PlasticLtd has an ROCE of 4.7%. On its own, that's a low figure but it's around the 5.5% average generated by the Chemicals industry.

因此,廣東省尚維精密塑料有限公司的ROCE爲4.7%。就其自身而言,這是一個較低的數字,但這接近化學品行業產生的5.5%的平均水平。

big
SZSE:002676 Return on Capital Employed November 12th 2024
SZSE:002676 資本回報率 2024年11月12日

While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Guangdong Sunwill Precising PlasticLtd has performed in the past in other metrics, you can view this free graph of Guangdong Sunwill Precising PlasticLtd's past earnings, revenue and cash flow.

雖然過去並不能代表未來,但了解一家公司歷史上的表現是有幫助的,這就是我們有上述圖表的原因。如果你想查看廣東順威精密塑料有限公司在其他指標上的歷史表現,你可以查看這張關於廣東順威精密塑料有限公司過去的收益、營業收入和現金流的免費圖表。

How Are Returns Trending?

回報率的趨勢如何?

Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 4.7%. 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 78%. 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.

儘管ROCE在絕對值上仍然較低,但看到它朝着正確的方向發展是件好事。數據顯示,在過去五年中,使用的資本產生的回報率顯著增長至4.7%。公司每使用一美元資本所賺取的利潤實際上增加了,而且資本數量也增加了78%。這可能表明有很多機會在內部投資資本,並且以更高的利率回報,這種組合在多元化投資者中很常見。

On a side note, Guangdong Sunwill Precising PlasticLtd's current liabilities are still rather high at 48% of total assets. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.

順便提一下,廣東順威精密塑料有限公司的流動負債仍然相當高,佔總資產的48%。這實際上意味着供應商(或短期債權人)在爲業務提供了大部分資金,因此要注意這可能會引入一些風險因素。理想情況下,我們希望看到這一比例降低,因爲這將意味着減少承受風險的義務。

In Conclusion...

結論...

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 Guangdong Sunwill Precising PlasticLtd has. And a remarkable 109% total return over the last five years tells us that investors are expecting more good things to come in the future. 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.

一家公司如果能夠持續提高資本回報並不斷進行內部再投資,那是一個非常受歡迎的特徵,廣東順威精密塑料有限公司具備這一特徵。而在過去五年裏,總回報高達109%告訴我們,投資者期待未來會有更多好消息。因此,考慮到該股票已經證明其具有良好的趨勢,深入研究這家公司是值得的,以查看這些趨勢是否可能持續下去。

On a separate note, we've found 1 warning sign for Guangdong Sunwill Precising PlasticLtd you'll probably want to know about.

另外,我們發現了一個關於廣東新威精細塑料有限公司的警告信號,你可能想了解一下。

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.

如果您想尋找具有良好收益的穩健公司,可以查看這份擁有良好資產負債表和令人印象深刻的股本回報率的免費公司列表。

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?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論