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Sinofert Holdings' (HKG:297) Returns On Capital Are Heading Higher
Sinofert Holdings' (HKG:297) Returns On Capital Are Heading Higher
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, 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, Sinofert Holdings (HKG:297) looks quite promising in regards to its trends of return on capital.
Understanding Return On Capital Employed (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. Analysts use this formula to calculate it for Sinofert Holdings:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.067 = CN¥693m ÷ (CN¥17b - CN¥7.2b) (Based on the trailing twelve months to December 2021).
Thus, Sinofert Holdings has an ROCE of 6.7%. Ultimately, that's a low return and it under-performs the Chemicals industry average of 12%.
View our latest analysis for Sinofert Holdings
SEHK:297 Return on Capital Employed June 7th 2022Above you can see how the current ROCE for Sinofert Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
So How Is Sinofert Holdings' ROCE Trending?
Shareholders will be relieved that Sinofert Holdings has broken into profitability. While the business was unprofitable in the past, it's now turned things around and is earning 6.7% on its capital. While returns have increased, the amount of capital employed by Sinofert Holdings has remained flat over the period. That being said, while an increase in efficiency is no doubt appealing, it'd be helpful to know if the company does have any investment plans going forward. Because in the end, a business can only get so efficient.
On a separate but related note, it's important to know that Sinofert Holdings has a current liabilities to total assets ratio of 41%, which we'd consider pretty high. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
The Key Takeaway
In summary, we're delighted to see that Sinofert Holdings has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with a respectable 46% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
On a final note, we've found 2 warning signs for Sinofert Holdings that we think you should be aware of.
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.
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.
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, 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, Sinofert Holdings (HKG:297) looks quite promising in regards to its trends of return on capital.
我们应该寻找什么样的趋势,我们想要找出能够长期成倍增值的股票?通常,我们会注意到一种增长的趋势返回关于已使用资本(ROCE)以及与之相伴随的是不断扩大的基座已动用资本的比例。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。所以在这个音符上,中化集团控股(HKG:297)的资本回报率趋势看好。
Understanding Return On Capital Employed (ROCE)
了解资本回报率(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. Analysts use this formula to calculate it for Sinofert Holdings:
对于那些不确定ROCE是什么的人,它衡量的是一家公司可以从其业务中使用的资本产生的税前利润。分析师使用以下公式来计算中化控股的股价:
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)
0.067 = CN¥693m ÷ (CN¥17b - CN¥7.2b) (Based on the trailing twelve months to December 2021).
0.067=人民币6.93亿?(人民币17亿元-人民币72亿元)(根据截至2021年12月的往绩12个月计算).
Thus, Sinofert Holdings has an ROCE of 6.7%. Ultimately, that's a low return and it under-performs the Chemicals industry average of 12%.
因此,中化控股的净资产收益率为6.7%。归根结底,这是一个较低的回报率,表现低于化工行业12%的平均水平。
View our latest analysis for Sinofert Holdings
查看我们对中化控股的最新分析
Above you can see how the current ROCE for Sinofert Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
上图中,你可以看到中化集团目前的净资产收益率与之前的资本回报率相比如何,但你只能从过去了解到这么多。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。
So How Is Sinofert Holdings' ROCE Trending?
那么,中化集团的ROCE趋势如何?
Shareholders will be relieved that Sinofert Holdings has broken into profitability. While the business was unprofitable in the past, it's now turned things around and is earning 6.7% on its capital. While returns have increased, the amount of capital employed by Sinofert Holdings has remained flat over the period. That being said, while an increase in efficiency is no doubt appealing, it'd be helpful to know if the company does have any investment plans going forward. Because in the end, a business can only get so efficient.
中化集团实现盈利后,股东们将会松一口气。虽然这项业务过去没有盈利,但现在已经扭亏为盈,资本回报率为6.7%。尽管回报率有所上升,但中化集团在此期间动用的资本额却保持不变。话虽如此,虽然提高效率无疑是有吸引力的,但了解该公司是否有任何未来的投资计划将是有帮助的。因为归根结底,一家企业只能变得如此高效。
On a separate but related note, it's important to know that Sinofert Holdings has a current liabilities to total assets ratio of 41%, which we'd consider pretty high. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
在另一个相关的问题上,重要的是要知道,中化集团的流动负债与总资产的比率为41%,我们认为这个比率相当高。这可能会带来一些风险,因为该公司基本上是在相当大程度上依赖其供应商或其他类型的短期债权人运营的。虽然这不一定是一件坏事,但如果这一比例较低,它可能是有益的。
The Key Takeaway
关键的外卖
In summary, we're delighted to see that Sinofert Holdings has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with a respectable 46% awarded to those who held the stock over the last five years, you could argue that these developments are starting to get the attention they deserve. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence.
总而言之,我们很高兴看到中化控股能够提高效率,并在相同的资本水平上获得更高的回报率。而且,过去五年持有该股的人获得了可观的46%,你可以辩称,这些事态发展开始得到他们应得的关注。话虽如此,我们仍然认为,前景看好的基本面意味着该公司值得进行进一步的尽职调查。
On a final note, we've found 2 warning signs for Sinofert Holdings that we think you should be aware of.
最后一点,我们发现中化控股的2个警告信号我们认为你应该意识到。
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.
如果你想寻找收入丰厚的可靠公司,看看这个免费拥有良好资产负债表和可观股本回报率的公司名单。
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.
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。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。Simply Wall St.对上述任何一只股票都没有持仓。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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