Investors Will Want DorianG's (NYSE:LPG) Growth In ROCE To Persist
Investors Will Want DorianG's (NYSE:LPG) Growth In ROCE To Persist
0.18 = US$329m ÷ (US$1.9b - US$101m) If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, DorianG (NYSE:LPG) looks quite promising in regards to its trends of return on capital.
如果我們想找到一個潛在的多倍股，通常會有一些潛在的趨勢可以提供線索。首先，我們會希望識別出一個增長的資本僱用回報率（ROCE），然後在此基礎上，有一個不斷增長的資本僱用基數。如果您看到這一點，通常意味着這是一個業務模式優秀且有豐富的盈利再投資機會的公司。因此在這一點上，DorianG（紐交所:LPG）在資本回報趨勢方面看起來相當有前景。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率（ROCE）是什麼？
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for DorianG, this is the formula:
對於那些不了解的人，ROCE是公司每年稅前利潤（即其回報）與企業投入資本之間的比較。爲了計算DorianG的這一指標，這是公式：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率（ROCE）是指企業利潤，即企業稅前利潤除以企業投入的總資本（負債加股權）。如果ROCE高於企業財務成本的承受能力，那麼企業就會創造出更多的價值。
0.18 = US$329m ÷ (US$1.9b - US$101m) (Based on the trailing twelve months to June 2024).
0.18 = 3.29億美元 ÷（19億美元 - 1.01億美元）（基於2024年6月過去十二個月）。
Therefore, DorianG has an ROCE of 18%. On its own, that's a standard return, however it's much better than the 12% generated by the Oil and Gas industry.
因此，DorianG的ROCE爲18%。單獨來看，這是一個標準回報，但它遠遠優於石油和天然氣行業所產生的12%。
In the above chart we have measured DorianG'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 DorianG for free.
在上面的圖表中，我們對DorianG之前的ROCE與之前的表現進行了測量，但未來可能更重要。如果您願意，您可以免費查看覆蓋DorianG的分析師的預測。
What Can We Tell From DorianG's ROCE Trend?
從DorianG的ROCE趨勢我們能得出什麼結論？
DorianG is showing promise given that its ROCE is trending up and to the right. More specifically, while the company has kept capital employed relatively flat over the last five years, the ROCE has climbed 997% in that same time. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.
鑑於DorianG的ROCE正在上升並向右趨勢良好，這顯示了公司的潛力。具體而言，在過去的五年中，公司的資本投入相對穩定，但ROCE在同一時期內上升了997％。基本上，公司在同樣的資本投入下產生了更高的回報，這證明了公司效率的改善。在這一方面，情況看起來不錯，所以值得探究一下管理層對未來增長計劃的說法。
The Bottom Line
還有一件事需要注意的是，我們已經確定了上海醫藥的2個警告信號，了解這些信號應該成爲你的投資過程的一部分。
In summary, we're delighted to see that DorianG has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
總之，我們很高興看到DorianG能夠提高效率，以及在同樣的資本投入下獲得更高的回報率。而且，由於股票在過去的五年中表現出色，投資者已經將這些趨勢計算在內。因此，考慮到該股票已經證明具有良好的趨勢，值得進一步研究該公司以確定這些趨勢是否可能持續。
On a final note, we found 3 warning signs for DorianG (1 is concerning) you should be aware of.
最後，我們發現了DorianG的3個警示信號（其中1個令人擔憂），您應該注意。
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.
如果您想尋找財務狀況良好、回報卓越的實力強企業，可以免費查看以下公司列表。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
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