Returns Are Gaining Momentum At H World Group (NASDAQ:HTHT)
Returns Are Gaining Momentum At H World Group (NASDAQ:HTHT)
0.10 = CN¥5.2b ÷ (CN¥62b - CN¥12b) If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, H World Group (NASDAQ:HTHT) looks quite promising in regards to its trends of return on capital.
如果你不確定從哪裏開始尋找下一個多倍股，有幾個關鍵趨勢你應該留意。首先，我們要看到一個增長的資本運用回報率（ROCE），其次，一個不斷擴大的資本運用基礎。最終，這表明這是一個正在以增加的回報率再投資利潤的業務。因此，從這個角度來看，華住集團（納斯達克：HTHT）在其資本回報率趨勢方面似乎非常有前景。
What Is Return On Capital Employed (ROCE)?
我們對 Enphase Energy 的資本僱用回報率的看法：正如我們上面看到的，Enphase Energy 的資本回報率沒有提高，但它正在重新投資於業務。投資者必須認爲未來會有更好的前景，因爲股票表現良好，使持股五年以上的股東獲得了 690% 的收益。最終，如果基本趨勢持續存在，我們不會對它成爲一隻多頭股持有期很久很有信心。
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. The formula for this calculation on H World Group is:
只是爲了澄清，如果你不確定，ROCE是一個評估公司在其業務中投資的資本上賺取多少稅前收入（以百分比表示）的指標。在華住集團上進行這個計算的公式是：
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。
0.10 = CN¥5.2b ÷ (CN¥62b - CN¥12b) (Based on the trailing twelve months to June 2024).
0.10 = 52億 ÷ (620億 - 12b)（基於截至2024年6月的過去十二個月）。
So, H World Group has an ROCE of 10%. That's a pretty standard return and it's in line with the industry average of 10%.
因此，華住集團的ROCE爲10％。這是一個相當標準的回報率，並且與10％的行業平均水平一致。
In the above chart we have measured H World Group'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 H World Group for free.
在上述圖表中，我們已經測量了華住以前的ROCE與其以前的業績，但未來更重要。如果您願意，可以免費查看覆蓋華住的分析師的預測。
So How Is H World Group's ROCE Trending?
華住的ROCE趨勢如何？
The trends we've noticed at H World Group are quite reassuring. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 10%. 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 52%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
我們在華住發現的趨勢令人振奮。數字顯示，在過去五年中，資本使用率產生的回報顯著增長至10%。公司有效地實現了資本使用每美元創造更多利潤，值得注意的是資本額也增加了52%。這可能表明在公司內部有很多投資機會，而且利率也越來越高，這種組合在倍增股中很常見。
The Key Takeaway
重要提示
To sum it up, H World Group has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 16% to shareholders. So with that in mind, we think the stock deserves further research.
總之，華住已經證明可以對業務進行再投資，並在投入資本上取得更高回報，這太棒了。投資者可能還沒有注意到這些有利的底層趨勢，因爲在過去五年中，該股票僅向股東回報了16%。因此，考慮到這一點，我們認爲這支股票值得進一步研究。
Like most companies, H World Group does come with some risks, and we've found 1 warning sign that you should be aware of.
與大多數公司一樣，華住確實存在一些風險，我們發現了1個警告信號，您應該注意。
While H World Group 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.
儘管華住目前可能沒有獲得最高回報，但我們已經編制了一個公司列表，這些公司當前的股本回報率超過25%。在這裏查看這個免費名單。
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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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