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Suzhou Hesheng Special Material (SZSE:002290) Is Doing The Right Things To Multiply Its Share Price

Suzhou Hesheng Special Material (SZSE:002290) Is Doing The Right Things To Multiply Its Share Price

苏州和盛特材(深圳证券交易所:002290)正在做正确的事情来增加其股价
Simply Wall St ·  01/22 20:37

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. 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 on that note, Suzhou Hesheng Special Material (SZSE:002290) looks quite promising in regards to its trends of return on capital.

寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。首先,我们希望看到经过验证的 返回 关于正在增加的资本使用率(ROCE),其次是扩大 基础 所用资本的比例。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。因此,就资本回报率的趋势而言,苏州合盛特种材料(SZSE:002290)看起来相当乐观。

Understanding Return On Capital Employed (ROCE)

了解资本使用回报率 (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 Suzhou Hesheng Special Material:

如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。分析师使用以下公式来计算苏州合盛特种材料的计算公式:

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)

0.12 = CN¥109m ÷ (CN¥1.8b - CN¥915m) (Based on the trailing twelve months to September 2023).

0.12 = 1.09亿元人民币 ÷(18亿元人民币-9.15亿元人民币) (基于截至2023年9月的过去十二个月)

Therefore, Suzhou Hesheng Special Material has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Metals and Mining industry average of 6.2% it's much better.

因此,苏州合盛特种材料的投资回报率为12%。从绝对值来看,这是一个令人满意的回报,但与金属和采矿业6.2%的平均水平相比,回报要好得多。

See our latest analysis for Suzhou Hesheng Special Material

查看我们对苏州合盛特种材料的最新分析

roce
SZSE:002290 Return on Capital Employed January 23rd 2024
SZSE: 002290 2024 年 1 月 23 日动用资本回报率

Historical performance is a great place to start when researching a stock so above you can see the gauge for Suzhou Hesheng Special Material's ROCE against it's prior returns. If you're interested in investigating Suzhou Hesheng Special Material's past further, check out this free graph of past earnings, revenue and cash flow.

历史表现是研究股票的绝佳起点,因此在上方您可以看到苏州合盛特种材料的投资回报率与先前回报率的对比。如果你有兴趣进一步调查苏州合盛特种材料的过去,请查看这张过去的收益、收入和现金流的免费图表。

What The Trend Of ROCE Can Tell Us

ROCE 的趋势能告诉我们什么

Suzhou Hesheng Special Material has not disappointed in regards to ROCE growth. The figures show that over the last five years, returns on capital have grown by 52%. That's not bad because this tells for every dollar invested (capital employed), the company is increasing the amount earned from that dollar. Interestingly, the business may be becoming more efficient because it's applying 31% less capital than it was five years ago. Suzhou Hesheng Special Material may be selling some assets so it's worth investigating if the business has plans for future investments to increase returns further still.

苏州和盛特材对投资回报率的增长并没有让人失望。数字显示,在过去五年中,资本回报率增长了52%。这还不错,因为这表明每投资一美元(动用资本),公司就会增加从这美元中获得的收入。有趣的是,该业务可能会变得更有效率,因为它使用的资本比五年前减少了31%。苏州和盛特材可能正在出售部分资产,因此值得调查该企业是否有未来投资计划,以进一步提高回报。

In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 50%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. So this improvement in ROCE has come from the business' underlying economics, which is great to see. However, current liabilities are still at a pretty high level, so just be aware that this can bring with it some risks.

在分析的另一部分中,我们注意到该公司的流动负债占总资产的比率降至50%,这在很大程度上意味着该企业减少了对供应商或短期债权人为其运营提供资金的依赖。因此,投资回报率的改善来自该企业的潜在经济学,这很高兴看到。但是,流动负债仍处于相当高的水平,因此请注意,这可能会带来一些风险。

The Key Takeaway

关键要点

In summary, it's great to see that Suzhou Hesheng Special Material has been able to turn things around and earn higher returns on lower amounts of capital. Since the stock has returned a solid 59% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. 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.

总而言之,很高兴看到苏州合盛特材能够扭转局面,用较少的资本获得更高的回报。由于该股在过去五年中稳步回报了59%的股东,因此可以公平地说,投资者开始意识到这些变化。因此,鉴于该股已证明其趋势乐观,值得进一步研究该公司,看看这些趋势是否可能持续下去。

Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation that compares the share price and estimated value.

但是,在得出任何结论之前,我们需要知道当前股价能获得什么价值。在这里,您可以查看我们的免费内在价值估算值,该估算值比较了股价和估计价值。

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.

对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。

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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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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