Zhengzhou Coal Mining Machinery Group (SHSE:601717) Is Doing The Right Things To Multiply Its Share Price
Zhengzhou Coal Mining Machinery Group (SHSE:601717) Is Doing The Right Things To Multiply Its Share Price
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Zhengzhou Coal Mining Machinery Group (SHSE:601717) looks quite promising in regards to its trends of return on capital.
你知道有一些財務指標可以爲潛在的多袋裝袋者提供線索嗎？一種常見的方法是嘗試找一家公司 回報 論資本使用率（ROCE）在增加的同時增長 金額 已動用資本的百分比。基本上，這意味着一家公司有可以繼續進行再投資的盈利計劃，這是複合機的一個特徵。因此，從這個角度來看，鄭州煤礦機械集團（SHSE：601717）的資本回報率趨勢看起來相當樂觀。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Zhengzhou Coal Mining Machinery Group:
如果你以前沒有與ROCE合作過，它可以衡量一家公司從其業務中使用的資本中產生的 “回報”（稅前利潤）。分析師使用以下公式來計算鄭州煤礦機械集團的計算結果：
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）
0.12 = CN¥3.8b ÷ (CN¥48b - CN¥18b) (Based on the trailing twelve months to September 2023).
0.12 = CN¥3.8b ≤（CN¥48b-CN¥18b） （基於截至2023年9月的過去十二個月）。
Thus, Zhengzhou Coal Mining Machinery Group has an ROCE of 12%. On its own, that's a standard return, however it's much better than the 6.2% generated by the Machinery industry.
因此，鄭州煤礦機械集團的投資回報率爲12％。就其本身而言，這是一個標準回報，但它比機械行業產生的6.2％要好得多。
See our latest analysis for Zhengzhou Coal Mining Machinery Group
查看我們對鄭州煤礦機械集團的最新分析
In the above chart we have measured Zhengzhou Coal Mining Machinery Group's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上面的圖表中，我們對鄭州煤礦機械集團之前的投資回報率與之前的表現進行了比較，但可以說，未來更爲重要。如果你有興趣，可以在我們關於公司分析師預測的免費報告中查看分析師的預測。
The Trend Of ROCE
ROCE 的趨勢
Investors would be pleased with what's happening at Zhengzhou Coal Mining Machinery Group. Over the last five years, returns on capital employed have risen substantially to 12%. The amount of capital employed has increased too, by 87%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
投資者會對鄭州煤礦機械集團發生的事情感到滿意。在過去五年中，資本使用回報率已大幅上升至12％。使用的資本金額也增加了87％。不斷增長的資本回報率在多元化企業中很常見，這就是我們印象深刻的原因。
Our Take On Zhengzhou Coal Mining Machinery Group's ROCE
我們對鄭州煤礦機械集團ROCE的看法
To sum it up, Zhengzhou Coal Mining Machinery Group has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 131% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
總而言之，鄭州煤礦機械集團已經證明它可以對業務進行再投資，並從所用資本中獲得更高的回報，這太棒了。由於該股在過去五年中爲股東帶來了驚人的131％的回報，看來投資者已經意識到了這些變化。因此，我們認爲值得您花時間檢查這些趨勢是否會持續下去。
If you'd like to know about the risks facing Zhengzhou Coal Mining Machinery Group, we've discovered 1 warning sign that you should be aware of.
如果您想了解鄭州煤礦機械集團面臨的風險，我們發現了您應該注意的1個警告信號。
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.
如果你想尋找收益豐厚的穩健公司，可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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