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Maoyan Entertainment (HKG:1896) Is Doing The Right Things To Multiply Its Share Price
Maoyan Entertainment (HKG:1896) Is Doing The Right Things To Multiply Its Share Price
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding 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. With that in mind, we've noticed some promising trends at Maoyan Entertainment (HKG:1896) so let's look a bit deeper.
What is Return On Capital Employed (ROCE)?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Maoyan Entertainment:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.097 = CN¥787m ÷ (CN¥11b - CN¥2.9b) (Based on the trailing twelve months to December 2021).
Thus, Maoyan Entertainment has an ROCE of 9.7%. On its own that's a low return, but compared to the average of 8.1% generated by the Online Retail industry, it's much better.
Check out our latest analysis for Maoyan Entertainment
SEHK:1896 Return on Capital Employed June 17th 2022In the above chart we have measured Maoyan Entertainment'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 Maoyan Entertainment here for free.
The Trend Of ROCE
The fact that Maoyan Entertainment is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 9.7% which is a sight for sore eyes. In addition to that, Maoyan Entertainment is employing 23,598% more capital than previously which is expected of a company that's trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance.
One more thing to note, Maoyan Entertainment has decreased current liabilities to 26% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. This tells us that Maoyan Entertainment has grown its returns without a reliance on increasing their current liabilities, which we're very happy with.
Our Take On Maoyan Entertainment's ROCE
In summary, it's great to see that Maoyan Entertainment has managed to break into profitability and is continuing to reinvest in its business. And since the stock has fallen 48% over the last three years, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified.
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation on our platform that is definitely worth checking out.
While Maoyan Entertainment 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.
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 are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding 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. With that in mind, we've noticed some promising trends at Maoyan Entertainment (HKG:1896) so let's look a bit deeper.
我们应该寻找哪些早期趋势来识别一只可能在长期内成倍增值的股票?首先,我们希望看到一个经过验证的返回关于已使用资本(ROCE)的增长,其次是扩张基座已动用资本的比例。如果你看到这个,通常意味着它是一家拥有出色商业模式和大量有利可图的再投资机会的公司。考虑到这一点,我们在以下方面注意到一些有希望的趋势猫眼娱乐(HKG:1896)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)?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Maoyan Entertainment:
如果你以前没有使用过ROCE,它衡量的是一家公司从业务资本中获得的“回报”(税前利润)。分析师对猫眼娱乐的计算公式是这样的:
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)
0.097 = CN¥787m ÷ (CN¥11b - CN¥2.9b) (Based on the trailing twelve months to December 2021).
0.097=7.87亿元?(11b元-29亿元)(根据截至2021年12月的往绩12个月计算).
Thus, Maoyan Entertainment has an ROCE of 9.7%. On its own that's a low return, but compared to the average of 8.1% generated by the Online Retail industry, it's much better.
因此,猫眼娱乐的净资产收益率为9.7%。就其本身而言,这是一个很低的回报率,但与在线零售业8.1%的平均回报率相比,这要好得多。
Check out our latest analysis for Maoyan Entertainment
看看我们对猫眼娱乐的最新分析
In the above chart we have measured Maoyan Entertainment'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 Maoyan Entertainment here for free.
在上面的图表中,我们衡量了猫眼娱乐之前的净资产收益率和之前的表现,但可以说,未来更重要。如果你愿意,你可以在这里查看猫眼娱乐分析师的预测。免费的。
The Trend Of ROCE
ROCE的发展趋势
The fact that Maoyan Entertainment is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 9.7% which is a sight for sore eyes. In addition to that, Maoyan Entertainment is employing 23,598% more capital than previously which is expected of a company that's trying to break into profitability. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance.
猫眼娱乐现在从之前的投资中获得了一些税前利润,这一事实非常令人鼓舞。该公司五年前还在亏损,但现在的盈利为9.7%,这是一个令人伤感的景象。除此之外,猫眼娱乐雇佣的资本比之前预计的要多23,598%,这是一家试图实现盈利的公司的预期。我们喜欢这一趋势,因为它告诉我们,该公司有盈利的再投资机会,如果它继续前进,可能会导致多袋业绩。
One more thing to note, Maoyan Entertainment has decreased current liabilities to 26% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. This tells us that Maoyan Entertainment has grown its returns without a reliance on increasing their current liabilities, which we're very happy with.
还有一点需要注意的是,猫眼娱乐在此期间将流动负债降至总资产的26%,这有效地减少了来自供应商或短期债权人的资金。这告诉我们,猫眼娱乐在不依赖增加流动负债的情况下实现了回报增长,这一点我们非常满意。
Our Take On Maoyan Entertainment's ROCE
我们对猫眼娱乐ROCE的看法
In summary, it's great to see that Maoyan Entertainment has managed to break into profitability and is continuing to reinvest in its business. And since the stock has fallen 48% over the last three years, there might be an opportunity here. So researching this company further and determining whether or not these trends will continue seems justified.
总而言之,很高兴看到猫眼娱乐已经成功实现盈利,并继续对其业务进行再投资。鉴于该公司股价在过去三年中下跌了48%,这里可能存在机会。因此,进一步研究这家公司,并确定这些趋势是否会继续下去似乎是合理的。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation on our platform that is definitely worth checking out.
在ROCE的另一边,我们必须考虑估值。这就是为什么我们有一个我们平台上的免费内在价值评估这绝对值得一看。
While Maoyan Entertainment 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.
虽然猫眼娱乐目前的回报率可能不是最高的,但我们编制了一份目前股本回报率超过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.
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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