Beijing United Information TechnologyLtd (SHSE:603613) Looks To Prolong Its Impressive Returns
Beijing United Information TechnologyLtd (SHSE:603613) Looks To Prolong Its Impressive Returns
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. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, the ROCE of Beijing United Information TechnologyLtd (SHSE:603613) looks attractive right now, so lets see what the trend of returns can tell us.
尋找具有大幅增長潛力的企業並不容易，但如果我們看幾個關鍵的財務指標，這是可能的。首先，我們想找一個正在成長的 返回 關於已用資本（ROCE），然後除此之外，還不斷增加 基礎 所用資本的比例。簡而言之，這些類型的企業是複合機器，這意味着他們不斷以更高的回報率對收益進行再投資。考慮到這一點，北京聯合信息技術有限公司（SHSE: 603613）的投資回報率目前看起來很有吸引力，所以讓我們看看回報趨勢能告訴我們什麼。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率（ROCE）：這是什麼？
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. Analysts use this formula to calculate it for Beijing United Information TechnologyLtd:
對於那些不確定ROCE是什麼的人，它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。分析師使用這個公式來計算北京聯合信息技術有限公司的利潤：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率 = 息稅前收益 (EBIT) ¥（總資產-流動負債）
0.29 = CN¥2.1b ÷ (CN¥14b - CN¥6.6b) (Based on the trailing twelve months to September 2023).
0.29 = 21億元人民幣 ÷（14億元人民幣-6.6億元人民幣） （基於截至2023年9月的過去十二個月）。
So, Beijing United Information TechnologyLtd has an ROCE of 29%. That's a fantastic return and not only that, it outpaces the average of 7.2% earned by companies in a similar industry.
因此，北京聯合信息技術有限公司的投資回報率爲29％。這是一個了不起的回報，不僅如此，它還超過了同類行業公司7.2％的平均收入。
Above you can see how the current ROCE for Beijing United Information TechnologyLtd 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 Beijing United Information TechnologyLtd .
上面你可以看到北京聯合信息技術有限公司當前的投資回報率與其先前的資本回報率相比如何，但從過去可以看出來的只有那麼多。如果你想了解分析師對未來的預測，你應該查看我們爲北京聯合信息技術有限公司提供的免費分析師報告。
So How Is Beijing United Information TechnologyLtd's ROCE Trending?
那麼，北京聯合信息技術有限公司的投資回報率走勢如何？
Beijing United Information TechnologyLtd deserves to be commended in regards to it's returns. The company has consistently earned 29% for the last five years, and the capital employed within the business has risen 1,609% in that time. Now considering ROCE is an attractive 29%, this combination is actually pretty appealing because it means the business can consistently put money to work and generate these high returns. If these trends can continue, it wouldn't surprise us if the company became a multi-bagger.
北京聯合信息技術有限公司的回報值得讚揚。在過去五年中，該公司的收入一直保持29％，在此期間，該公司的資本增長了1,609％。現在，考慮到ROCE的吸引力爲29％，這種組合實際上非常有吸引力，因爲這意味着企業可以持續投入資金併產生如此高的回報。如果這些趨勢能夠持續下去，那麼如果公司成爲一家多口袋公司，我們也就不足爲奇了。
On a side note, Beijing United Information TechnologyLtd's current liabilities are still rather high at 47% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
順便說一句，北京聯合信息技術有限公司的流動負債仍然相當高，佔總資產的47％。這可能會帶來一些風險，因爲該公司的運營基本上在很大程度上依賴其供應商或其他類型的短期債權人。雖然這不一定是壞事，但如果這個比率較低，可能會有好處。
The Bottom Line
底線
In summary, we're delighted to see that Beijing United Information TechnologyLtd has been compounding returns by reinvesting at consistently high rates of return, as these are common traits of a multi-bagger. However, despite the favorable fundamentals, the stock has fallen 52% over the last three years, so there might be an opportunity here for astute investors. For that reason, savvy investors might want to look further into this company in case it's a prime investment.
總而言之，我們很高興看到北京聯合信息技術有限公司一直在以持續的高回報率進行再投資，從而增加複合回報，因爲這些是多袋公司的共同特徵。但是，儘管基本面良好，但該股在過去三年中下跌了52％，因此對於精明的投資者來說，這裏可能有機會。出於這個原因，精明的投資者可能想進一步研究這家公司，以防它是一項主要投資。
One more thing: We've identified 2 warning signs with Beijing United Information TechnologyLtd (at least 1 which can't be ignored) , and understanding these would certainly be useful.
還有一件事：我們已經確定了北京聯合信息技術有限公司的兩個警告標誌（至少有一個不容忽視），了解這些信號肯定會很有用。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果你想搜索更多獲得高回報的股票，可以查看這份資產負債表穩健且淨資產回報率也很高的股票的免費清單。
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