There's Been No Shortage Of Growth Recently For Yindu Kitchen Equipment's (SHSE:603277) Returns On Capital
There's Been No Shortage Of Growth Recently For Yindu Kitchen Equipment's (SHSE:603277) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. Speaking of which, we noticed some great changes in Yindu Kitchen Equipment's (SHSE:603277) returns on capital, so let's have a look.
如果我們想確定下一個多功能裝袋機，有一些關鍵趨勢需要關注。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。基本上，這意味着公司擁有可以繼續進行再投資的盈利計劃，這是複合機器的特徵。說到這裏，我們注意到銀都廚房設備（SHSE: 603277）的資本回報率發生了一些重大變化，所以讓我們來看看吧。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率（ROCE）？
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. To calculate this metric for Yindu Kitchen Equipment, this is the formula:
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。要計算銀都廚房設備的這個指標，公式如下：
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）
0.18 = CN¥579m ÷ (CN¥4.1b - CN¥853m) (Based on the trailing twelve months to March 2024).
0.18 = 5.79億元人民幣 ÷（41億元人民幣-8.53億元人民幣） （基於截至2024年3月的過去十二個月）。
Therefore, Yindu Kitchen Equipment has an ROCE of 18%. On its own, that's a standard return, however it's much better than the 6.2% generated by the Machinery industry.
因此，銀都廚房設備的投資回報率爲18％。就其本身而言，這是標準回報，但要比機械行業產生的6.2％好得多。
In the above chart we have measured Yindu Kitchen Equipment'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 Yindu Kitchen Equipment for free.
在上圖中，我們將銀都廚房設備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。如果您願意，可以免費查看有關銀都廚房設備的分析師的預測。
The Trend Of ROCE
ROCE 的趨勢
Yindu Kitchen Equipment is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 18%. 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 74%. So we're very much inspired by what we're seeing at Yindu Kitchen Equipment thanks to its ability to profitably reinvest capital.
銀都廚房設備顯示出一些積極的趨勢。數據顯示，在過去五年中，資本回報率大幅上升至18％。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74％。因此，我們在銀都廚房設備所看到的情況給我們帶來了極大的啓發，這要歸功於它能夠盈利地進行資本再投資。
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 Yindu Kitchen Equipment has. And a remarkable 299% total return over the last five years tells us that investors are expecting more good things to come in the future. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
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，而這正是銀都廚房設備所具備的。過去五年中驚人的299％總回報率告訴我們，投資者預計未來還會有更多好事發生。話雖如此，我們仍然認爲前景良好的基本面意味着公司值得進一步的盡職調查。
If you want to continue researching Yindu Kitchen Equipment, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果你想繼續研究銀都廚房設備，你可能有興趣了解我們的分析發現的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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