Why You Should Care About Yealink Network Technology's (SZSE:300628) Strong Returns On Capital
Why You Should Care About Yealink Network Technology's (SZSE:300628) Strong Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Ergo, when we looked at the ROCE trends at Yealink Network Technology (SZSE:300628), we liked what we saw.
如果我们想找到一只可以长期成倍增长的股票,我们应该寻找哪些潜在趋势?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。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。因此,当我们查看Yealink Network Technology(深圳证券交易所代码:300628)的投资回报率趋势时,我们喜欢我们所看到的。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (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 Yealink Network Technology, 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Yealink网络技术的此指标,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)
0.23 = CN¥2.0b ÷ (CN¥9.2b - CN¥516m) (Based on the trailing twelve months to March 2024).
0.23 = 2.0亿元人民币 ÷(92亿元人民币-5.16亿元人民币) (基于截至2024年3月的过去十二个月)。
So, Yealink Network Technology has an ROCE of 23%. In absolute terms that's a great return and it's even better than the Communications industry average of 4.4%.
因此,Yealink Network Technology的投资回报率为23%。从绝对值来看,这是一个不错的回报,甚至比通信行业4.4%的平均水平还要好。
Above you can see how the current ROCE for Yealink Network Technology 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 analyst report for Yealink Network Technology .
上面你可以看到Yealink Network Technology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。如果您有兴趣,可以在我们的Yealink Network Technology免费分析师报告中查看分析师的预测。
The Trend Of ROCE
ROCE 的趋势
It's hard not to be impressed by Yealink Network Technology's returns on capital. The company has consistently earned 23% for the last five years, and the capital employed within the business has risen 134% in that time. Returns like this are the envy of most businesses and given it has repeatedly reinvested at these rates, that's even better. You'll see this when looking at well operated businesses or favorable business models.
Yealink Network Technology的资本回报率很难不给人留下深刻的印象。在过去五年中,该公司的收入一直保持23%,在此期间,该公司的资本增长了134%。这样的回报令大多数企业羡慕不已,鉴于它一再以这样的利率进行再投资,那就更好了。在查看运营良好的企业或有利的商业模式时,你会看到这一点。
The Key Takeaway
关键要点
In summary, we're delighted to see that Yealink Network Technology has been compounding returns by reinvesting at consistently high rates of return, as these are common traits of a multi-bagger. And since the stock has risen strongly over the last five years, it appears the market might expect this trend to continue. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.
总而言之,我们很高兴看到Yealink Network Technology通过以持续的高回报率进行再投资来增加回报,因为这些是多包商的共同特征。而且,由于该股在过去五年中强劲上涨,看来市场预计这种趋势将继续下去。因此,尽管积极的潜在趋势可能由投资者解释,但我们仍然认为该股值得进一步研究。
On a separate note, we've found 1 warning sign for Yealink Network Technology you'll probably want to know about.
另一方面,我们发现了你可能想知道的Yealink网络技术的一个警告信号。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果你想搜索更多获得高回报的股票,可以查看这份资产负债表稳健且净资产回报率也很高的股票的免费清单。
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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。