We Like These Underlying Return On Capital Trends At Zhejiang Daily Digital Culture GroupLtd (SHSE:600633)
We Like These Underlying Return On Capital Trends At Zhejiang Daily Digital Culture GroupLtd (SHSE:600633)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at Zhejiang Daily Digital Culture GroupLtd (SHSE:600633) and its trend of ROCE, we really liked what we saw.
如果我們想找到潛在的多袋裝袋機，通常有一些潛在的趨勢可以提供線索。首先，我們希望看到經過驗證的 返回 關於正在增加的資本使用率（ROCE），其次是擴大 基礎 所用資本的比例。歸根結底，這表明這是一家以不斷提高的回報率對利潤進行再投資的企業。因此，當我們查看浙江日報數字文化集團有限公司（SHSE: 600633）及其ROCE趨勢時，我們真的很喜歡我們所看到的。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率（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 Zhejiang Daily Digital Culture GroupLtd is:
爲了澄清一下你是否不確定，ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入（按百分比計算）的指標。浙江日報數字文化集團有限公司的計算公式爲：
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）
0.065 = CN¥745m ÷ (CN¥13b - CN¥1.5b) (Based on the trailing twelve months to December 2023).
0.065 = 7.45億元人民幣 ÷（13億元人民幣-1.5億元人民幣） （基於截至2023年12月的過去十二個月）。
Thus, Zhejiang Daily Digital Culture GroupLtd has an ROCE of 6.5%. On its own that's a low return, but compared to the average of 5.2% generated by the Entertainment industry, it's much better.
因此，浙江日報數字文化集團有限公司的投資回報率爲6.5％。就其本身而言，回報率很低，但與娛樂業平均5.2％的回報率相比，要好得多。
In the above chart we have measured Zhejiang Daily Digital Culture GroupLtd's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Zhejiang Daily Digital Culture GroupLtd for free.
在上圖中，我們將浙報數字文化集團先前的投資回報率與之前的業績進行了對比，但可以說，未來更爲重要。如果你願意，你可以免費查看報道浙江日報數字文化集團有限公司的分析師的預測。
The Trend Of ROCE
ROCE 的趨勢
We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. Over the last five years, returns on capital employed have risen substantially to 6.5%. 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 21%. 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.
我們很高興看到投資回報率正朝着正確的方向前進，儘管目前投資回報率仍然很低。在過去五年中，已動用資本回報率大幅上升至6.5％。實際上，該公司每使用1美元資本就能賺更多的錢，值得注意的是，資本金額也增加了21％。這可能表明，內部有很多機會以更高的利率進行資本投資，這種組合在多袋公司中很常見。
The Key Takeaway
關鍵要點
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 Zhejiang Daily Digital Culture GroupLtd has. Considering the stock has delivered 7.7% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So with that in mind, we think the stock deserves further research.
一家資本回報率不斷提高且能夠持續進行自我再投資的公司是一個備受追捧的特徵，而這正是浙江日報數字文化集團有限公司所擁有的。考慮到該股在過去五年中已向股東交付了7.7％，可以公平地認爲，投資者尚未完全意識到前景的趨勢。因此，考慮到這一點，我們認爲該股值得進一步研究。
Zhejiang Daily Digital Culture GroupLtd does have some risks though, and we've spotted 1 warning sign for Zhejiang Daily Digital Culture GroupLtd that you might be interested in.
但是，浙江日報數字文化集團有限公司確實存在一些風險，我們發現了您可能感興趣的浙報數字文化集團有限公司的1個警告標誌。
While Zhejiang Daily Digital Culture GroupLtd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管浙報數字文化集團有限公司的回報率並不高，但請查看這份免費的股本回報率高、資產負債表穩健的公司名單。
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