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Bosideng International Holdings (HKG:3998) Shareholders Will Want The ROCE Trajectory To Continue

Bosideng International Holdings (HKG:3998) Shareholders Will Want The ROCE Trajectory To Continue

波司登控股(HKG:3998)的股东将希望ROCE的轨迹继续下去
Simply Wall St ·  2022/04/29 11:07

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing 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, we've noticed some promising trends at Bosideng International Holdings (HKG:3998) so let's look a bit deeper.

要找到一只多袋股票,我们应该在一家企业中寻找什么潜在趋势?理想情况下,一家企业将呈现两种趋势;第一,增长返回关于已使用资本(ROCE),第二,增加金额已动用资本的比例。归根结底,这表明它是一家正在以越来越高的回报率对利润进行再投资的企业。考虑到这一点,我们在以下方面注意到一些有希望的趋势波司登控股(HKG:3998)所以让我们看得更深一点。

What is Return On Capital Employed (ROCE)?

什么是资本回报率(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. To calculate this metric for Bosideng International Holdings, this is the formula:

如果您不确定,只需澄清一下,ROCE是一种评估公司投资于其业务的资本获得多少税前收入(按百分比计算)的指标。要计算波司登控股的这一指标,公式如下:

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

已动用资本回报率=息税前收益(EBIT)?(总资产-流动负债)

0.18 = CN¥2.4b ÷ (CN¥22b - CN¥8.2b) (Based on the trailing twelve months to September 2021).

0.18=CN元24亿?(CN元220亿-CN元82亿)(基于截至2021年9月的过去12个月).

Therefore, Bosideng International Holdings has an ROCE of 18%. On its own, that's a standard return, however it's much better than the 9.0% generated by the Luxury industry.

所以呢,波司登控股拥有18%的净资产收益率。就其本身而言,这是一个标准回报率,但它比奢侈品行业9.0%的回报率要好得多。

See our latest analysis for Bosideng International Holdings

查看我们对波司登控股的最新分析

SEHK:3998 Return on Capital Employed April 29th 2022
联交所:3998 2022年4月29日资本回报率

In the above chart we have measured Bosideng International Holdings' 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.

在上面的图表中,我们比较了波司登控股之前的净资产收益率和之前的表现,但可以说,未来更重要。如果您感兴趣,您可以在我们的免费分析师对该公司的预测报告。

The Trend Of ROCE

ROCE的发展趋势

Investors would be pleased with what's happening at Bosideng International Holdings. The data shows that returns on capital have increased substantially over the last five years to 18%. The amount of capital employed has increased too, by 66%. So we're very much inspired by what we're seeing at Bosideng International Holdings thanks to its ability to profitably reinvest capital.

投资者会对波司登控股正在发生的事情感到高兴。数据显示,过去五年,资本回报率大幅上升至18%。所使用的资本额也增加了66%。因此,我们对波司登控股的情况非常感兴趣,因为它有能力进行有利可图的资本再投资。

The Key Takeaway

关键的外卖

To sum it up, Bosideng International Holdings 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 659% 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.

总而言之,波司登控股已经证明,它可以对业务进行再投资,并从投入的资本中获得更高的回报,这真是太棒了。由于该股在过去五年里向股东回报了惊人的659%,看起来投资者正在认识到这些变化。因此,我们认为值得您花时间检查这些趋势是否会继续下去。

One more thing, we've spotted 1 warning sign facing Bosideng International Holdings that you might find interesting.

还有一件事,我们发现了波司登控股面临的一个警示标志,你可能会感兴趣。

While Bosideng International Holdings 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.

虽然波司登控股目前的回报率可能不是最高的,但我们已经编制了一份股本回报率超过25%的公司名单。看看这个免费在这里列出。

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.

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这篇由《华尔街日报》撰写的文章本质上是笼统的。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。简单地说,华尔街在提到的任何股票中都没有头寸。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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