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Modern Dental Group (HKG:3600) Is Experiencing Growth In Returns On Capital
Modern Dental Group (HKG:3600) Is Experiencing Growth In Returns On Capital
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. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at Modern Dental Group (HKG:3600) so let's look a bit deeper.
What Is Return On Capital Employed (ROCE)?
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. To calculate this metric for Modern Dental Group, this is the formula:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.16 = HK$537m ÷ (HK$4.0b - HK$555m) (Based on the trailing twelve months to December 2023).
So, Modern Dental Group has an ROCE of 16%. On its own, that's a standard return, however it's much better than the 8.4% generated by the Medical Equipment industry.
Above you can see how the current ROCE for Modern Dental Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Modern Dental Group for free.
The Trend Of ROCE
Modern Dental Group is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 16%. 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 21%. So we're very much inspired by what we're seeing at Modern Dental Group thanks to its ability to profitably reinvest capital.
The Bottom Line On Modern Dental Group's ROCE
In summary, it's great to see that Modern Dental Group can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. Since the stock has returned a staggering 307% to shareholders over the last five years, it looks like investors are recognizing 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.
If you want to continue researching Modern Dental Group, you might be interested to know about the 1 warning sign that our analysis has discovered.
While Modern Dental Group isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
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.
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. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at Modern Dental Group (HKG:3600) so let's look a bit deeper.
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。除其他外,我们希望看到两件事;首先,成长 返回 论资本使用率(ROCE),其次是公司的扩张 金额 所用资本的比例。归根结底,这表明这是一家以不断提高的回报率对利润进行再投资的企业。考虑到这一点,我们注意到现代牙科集团(HKG: 3600)的一些令人鼓舞的趋势,所以让我们更深入地了解一下。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(ROCE)?
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. To calculate this metric for Modern Dental Group, this is the formula:
为了澄清一下你是否不确定,ROCE是评估公司从投资于其业务的资本中获得多少税前收入(按百分比计算)的指标。要计算现代牙科集团的这个指标,公式如下:
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)
0.16 = HK$537m ÷ (HK$4.0b - HK$555m) (Based on the trailing twelve months to December 2023).
0.16 = 5.37亿港元 ÷(40亿港元-5.55亿港元) (基于截至2023年12月的过去十二个月)。
So, Modern Dental Group has an ROCE of 16%. On its own, that's a standard return, however it's much better than the 8.4% generated by the Medical Equipment industry.
因此,现代牙科集团的投资回报率为16%。就其本身而言,这是标准回报率,但要比医疗设备行业产生的8.4%好得多。
Above you can see how the current ROCE for Modern Dental Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Modern Dental Group for free.
上面你可以看到现代牙科集团当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果你愿意,你可以免费查看报道现代牙科集团的分析师的预测。
The Trend Of ROCE
ROCE 的趋势
Modern Dental Group is displaying some positive trends. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 16%. 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 21%. So we're very much inspired by what we're seeing at Modern Dental Group thanks to its ability to profitably reinvest capital.
现代牙科集团显示出一些积极的趋势。数字显示,在过去五年中,所用资本的回报率已大幅增长至16%。实际上,该公司每使用1美元资本就能赚更多的钱,值得注意的是,资本金额也增加了21%。因此,我们在现代牙科集团所看到的情况给我们带来了极大的启发,这要归功于它能够盈利地进行资本再投资。
The Bottom Line On Modern Dental Group's ROCE
现代牙科集团投资回报率的底线
In summary, it's great to see that Modern Dental Group can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. Since the stock has returned a staggering 307% to shareholders over the last five years, it looks like investors are recognizing 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Modern Dental Group能够通过持续地以更高的回报率进行资本再投资来增加回报,因为这些是那些备受追捧的多袋包装商的一些关键要素。由于该股在过去五年中向股东回报了惊人的307%,因此投资者似乎已经意识到了这些变化。因此,鉴于该股已证明其趋势令人鼓舞,值得进一步研究该公司,看看这些趋势是否可能持续下去。
If you want to continue researching Modern Dental Group, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果你想继续研究现代牙科集团,你可能有兴趣了解我们的分析发现的1个警告信号。
While Modern Dental Group isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
尽管Modern Dental Group的回报率并不高,但请查看这份免费清单,列出了资产负债表稳健的股本回报率高的公司。
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.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。
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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。
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