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CITIC Offshore Helicopter (SZSE:000099) Has Some Way To Go To Become A Multi-Bagger

CITIC Offshore Helicopter (SZSE:000099) Has Some Way To Go To Become A Multi-Bagger

中信海上直升机(深圳证券交易所:000099)要成为多装箱机还有一段路要走
Simply Wall St ·  01/15 17:01

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'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base 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. Having said that, from a first glance at CITIC Offshore Helicopter (SZSE:000099) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.

找到一家具有大幅增长潜力的企业并不容易,但是如果我们看一些关键的财务指标,这是可能的。首先,我们想确定一个不断增长的 返回 关于已用资本(ROCE),然后除此之外,还不断增加 基础 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。话虽如此,第一眼看中信海上直升机(SZSE:000099),我们并不是对回报的趋势不屑一顾,但让我们更深入地了解一下。

Return On Capital Employed (ROCE): What Is It?

资本使用回报率(ROCE):这是什么?

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. To calculate this metric for CITIC Offshore Helicopter, this is the formula:

对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。要计算中信海上直升机的这个指标,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)

0.047 = CN¥267m ÷ (CN¥6.2b - CN¥565m) (Based on the trailing twelve months to September 2023).

0.047 = 2.67亿元人民币 ÷(62亿元人民币-5.65亿元人民币) (基于截至2023年9月的过去十二个月)

Thus, CITIC Offshore Helicopter has an ROCE of 4.7%. In absolute terms, that's a low return and it also under-performs the Logistics industry average of 6.8%.

因此,中信海上直升机的投资回报率为4.7%。从绝对值来看,回报率很低,也低于物流行业6.8%的平均水平。

See our latest analysis for CITIC Offshore Helicopter

查看我们对中信海上直升机的最新分析

roce
SZSE:000099 Return on Capital Employed January 15th 2024
SZSE: 000099 2024 年 1 月 15 日动用资本回报率

Above you can see how the current ROCE for CITIC Offshore Helicopter compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free report for CITIC Offshore Helicopter.

上面你可以看到中信海上直升机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。如果你想了解分析师对未来的预测,你应该查看我们的中信海上直升机免费报告。

The Trend Of ROCE

ROCE 的趋势

Over the past five years, CITIC Offshore Helicopter's ROCE and capital employed have both remained mostly flat. This tells us the company isn't reinvesting in itself, so it's plausible that it's past the growth phase. So unless we see a substantial change at CITIC Offshore Helicopter in terms of ROCE and additional investments being made, we wouldn't hold our breath on it being a multi-bagger.

在过去的五年中,中信海上直升机的投资回报率和所用资本基本保持不变。这告诉我们该公司没有对自己进行再投资,因此它已经过了增长阶段是合理的。因此,除非我们看到中信海上直升机在投资回报率方面发生重大变化并进行额外投资,否则我们不会对它成为一家多装袋机屏住呼吸。

The Key Takeaway

关键要点

We can conclude that in regards to CITIC Offshore Helicopter's returns on capital employed and the trends, there isn't much change to report on. Since the stock has gained an impressive 54% over the last five years, investors must think there's better things to come. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.

我们可以得出结论,就中信海上直升机的动用资本回报率和趋势而言,没有太大的变化可以报告。由于该股在过去五年中上涨了令人印象深刻的54%,因此投资者必须认为会有更好的事情发生。但是,除非这些潜在趋势变得更加乐观,否则我们不会抱太高的希望。

CITIC Offshore Helicopter does have some risks though, and we've spotted 1 warning sign for CITIC Offshore Helicopter that you might be interested in.

不过,中信海上直升机确实存在一些风险,我们发现了一个你可能会感兴趣的中信海上直升机警告标志。

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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。

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