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Returns At Qianhe Condiment and Food (SHSE:603027) Appear To Be Weighed Down

Returns At Qianhe Condiment and Food (SHSE:603027) Appear To Be Weighed Down

千禾味業(SHSE:603027)的回報似乎受到壓制
Simply Wall St ·  2024/11/17 10:02

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's 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 Qianhe Condiment and Food (SHSE:603027) looks decent, right now, so lets see what the trend of returns can tell us.

尋找一個具有潛力大幅增長的業務並不容易,但如果我們關注幾個關鍵的財務指標,這是可能的。除了其他方面,我們想看到兩件事;首先是資本回報率(ROCE)的增長,其次是公司使用的資本量的擴展。最終,這表明這是一個以不斷增加的回報率再投資利潤的業務。考慮到這一點,千禾味業(SHSE:603027)的ROCE看起來不錯,所以讓我們看看收益的趨勢可以告訴我們什麼。

Return On Capital Employed (ROCE): What Is It?

資本回報率(ROCE):它是什麼?

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. The formula for this calculation on Qianhe Condiment and Food is:

對於那些不確定ROCE是什麼的人來說,它衡量的是公司從其業務中使用的資本能夠產生多少稅前利潤。千禾味業的計算公式是:

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

資本回報率 = 稅前利息和稅項前利潤(EBIT)÷(總資產 - 當前負債)

0.15 = CN¥533m ÷ (CN¥4.2b - CN¥686m) (Based on the trailing twelve months to September 2024).

0.15 = CN¥53300萬 ÷ (CN¥42億 - CN¥686m)(基於截至2024年9月的過去十二個月)。

Thus, Qianhe Condiment and Food has an ROCE of 15%. On its own, that's a standard return, however it's much better than the 6.8% generated by the Food industry.

因此,千禾味業的ROCE爲15%。單獨來看,這是一個標準的回報,但比食品行業的6.8%要好得多。

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SHSE:603027 Return on Capital Employed November 17th 2024
SHSE:603027 資本使用回報率 2024年11月17日

Above you can see how the current ROCE for Qianhe Condiment and Food compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Qianhe Condiment and Food .

上面你可以看到千禾味業當前的ROCE與其過去的資本回報相比,但從過去你只能了解這麼多。如果你感興趣,可以查看我們爲千禾味業提供的免費分析師報告中的預測。

The Trend Of ROCE

資本回報率(ROCE)的趨勢

While the returns on capital are good, they haven't moved much. Over the past five years, ROCE has remained relatively flat at around 15% and the business has deployed 110% more capital into its operations. 15% is a pretty standard return, and it provides some comfort knowing that Qianhe Condiment and Food has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.

儘管資本回報很好,但變化不大。在過去五年中,ROCE保持在大約15%的相對平穩水平,而該業務已經向其運營投入了110%的資本。15%是一個非常標準的回報,並且知道千禾味業始終能獲得這個數額令人感到安心。雖然在長時間內,這種回報可能不會太令人興奮,但由於其穩定性,股票價格的回報可以獲得回報。

What We Can Learn From Qianhe Condiment and Food's ROCE

我們可以從千禾味業的ROCE中學到什麼

To sum it up, Qianhe Condiment and Food has simply been reinvesting capital steadily, at those decent rates of return. However, over the last five years, the stock has only delivered a 26% return to shareholders who held over that period. That's why it could be worth your time looking into this stock further to discover if it has more traits of a multi-bagger.

總而言之,千禾味業只是一直在以相對不錯的回報率穩步再投資資本。然而,在過去五年中,該股票僅爲持有該股票的股東提供了26%的回報。這就是爲什麼進一步探討這個股票以發現它是否具備潛力的多倍回報特徵值得你花時間。

If you're still interested in Qianhe Condiment and Food it's worth checking out our FREE intrinsic value approximation for 603027 to see if it's trading at an attractive price in other respects.

如果你仍然對千禾味業感興趣,可以查看我們的免費內在價值估算603027,看看它在其他方面是否以較有吸引力的價格交易。

While Qianhe Condiment and Food 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.

雖然千禾味業目前的回報可能不是最高的,但我們已經整理了一份目前回報率超過25%的公司的名單。在這裏查看這份免費名單。

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。

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