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We Like Fujian Start GroupLtd's (SHSE:600734) Returns And Here's How They're Trending

We Like Fujian Start GroupLtd's (SHSE:600734) Returns And Here's How They're Trending

我們喜歡 Fujuan Start GroupLtd(SHSE: 600734)的回報,以下是它們的走勢
Simply Wall St ·  2023/12/20 11:35

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. 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 when we looked at the ROCE trend of Fujian Start GroupLtd (SHSE:600734) we really liked what we saw.

你知道有一些財務指標可以爲潛在的多人群提供線索嗎?在一個完美的世界中,我們希望看到一家公司向其業務投資更多的資本,理想情況下,從這些資本中獲得的回報也在增加。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,當我們查看福建Start GroupLtd(SHSE: 600734)的投資回報率走勢時,我們真的很喜歡我們所看到的。

Return On Capital Employed (ROCE): What Is It?

資本使用回報率(ROCE):這是什麼?

If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Fujian Start GroupLtd, this is the formula:

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)。要計算福建 Start GroupLtd 的該指標,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)

0.21 = CN¥83m ÷ (CN¥955m - CN¥555m) (Based on the trailing twelve months to September 2023).

0.21 = 8300 萬元人民幣 ≤(人民幣 9.55 億元人民幣-5.555 億元人民幣) (基於截至2023年9月的過去十二個月)

So, Fujian Start GroupLtd has an ROCE of 21%. That's a fantastic return and not only that, it outpaces the average of 5.0% earned by companies in a similar industry.

因此,福建啓德集團有限公司的投資回報率爲21%。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的平均收入5.0%。

View our latest analysis for Fujian Start GroupLtd

查看我們對福建啓德集團有限公司的最新分析

roce
SHSE:600734 Return on Capital Employed December 20th 2023
SHSE: 600734 2023 年 12 月 20 日使用資本回報率

While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you're interested in investigating Fujian Start GroupLtd's past further, check out this free graph of past earnings, revenue and cash flow.

雖然過去不能代表未來,但了解一家公司的歷史表現可能會有所幫助,這就是我們上面有這張圖表的原因。如果你有興趣進一步調查Fujan Start GroupLtd的過去,請查看這張免費的過去收益、收入和現金流圖表。

The Trend Of ROCE

ROCE 的趨勢

You'd find it hard not to be impressed with the ROCE trend at Fujian Start GroupLtd. The figures show that over the last five years, returns on capital have grown by 97%. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. In regards to capital employed, Fujian Start GroupLtd appears to been achieving more with less, since the business is using 89% less capital to run its operation. If this trend continues, the business might be getting more efficient but it's shrinking in terms of total assets.

你會發現福建Start GroupLtd的投資回報率趨勢很難不給你留下深刻的印象。數字顯示,在過去五年中,資本回報率增長了97%。這還不錯,因爲這表明每投資一美元(使用的資本),公司就會增加從這美元中獲得的收入。在已動用資本方面,福建啓德集團有限公司似乎正在以更少的資源取得更多的收益,因爲該企業用於運營的資本減少了89%。如果這種趨勢繼續下去,業務效率可能會提高,但總資產卻在萎縮。

On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Essentially the business now has suppliers or short-term creditors funding about 58% of its operations, which isn't ideal. Given it's pretty high ratio, we'd remind investors that having current liabilities at those levels can bring about some risks in certain businesses.

順便說一句,我們注意到,投資回報率的改善似乎在一定程度上是由流動負債的增加推動的。從本質上講,該企業現在有供應商或短期債權人爲其約58%的業務提供資金,這並不理想。鑑於該比率相當高,我們要提醒投資者,將流動負債保持在這些水平可能會給某些企業帶來一些風險。

The Bottom Line

底線

In the end, Fujian Start GroupLtd has proven it's capital allocation skills are good with those higher returns from less amount of capital. Given the stock has declined 44% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. That being the case, research into the company's current valuation metrics and future prospects seems fitting.

最終,Fujain Start GroupLtd已經證明了其資本配置技巧良好,可以從較少的資本中獲得更高的回報。鑑於該股在過去五年中下跌了44%,如果估值和其他指標也具有吸引力,這可能是一項不錯的投資。既然如此,對公司當前估值指標和未來前景的研究似乎很合適。

Like most companies, Fujian Start GroupLtd does come with some risks, and we've found 2 warning signs that you should be aware of.

像大多數公司一樣,Fujuan Start GroupLtd確實存在一些風險,我們發現了兩個警告信號,你應該注意。

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。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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