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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

中信海上直升機(深圳證券交易所:000099)要成爲多裝箱機還有一段路要走
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.

尋找具有大幅增長潛力的企業並不容易,但如果我們看幾個關鍵的財務指標,這是可能的。首先,我們想找一個正在成長的 返回 關於已用資本(ROCE),然後除此之外,還不斷增加 基礎 所用資本的比例。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。話雖如此,第一眼看中信海上直升機(SZSE:000099),我們並不是對回報的趨勢不屑一顧,但讓我們更深入地了解一下。

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

資本使用回報率(ROCE):這是什麼?

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:

對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。要計算中信海上直升機的這個指標,公式如下:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)

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

0.047 = 2.67億元人民幣 ÷(62億元人民幣-5.65億元人民幣) (基於截至2023年9月的過去十二個月)

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,中信海上直升機的投資回報率爲4.7%。從絕對值來看,回報率很低,也低於物流行業6.8%的平均水平。

See our latest analysis for CITIC Offshore Helicopter

查看我們對中信海上直升機的最新分析

roce
SZSE:000099 Return on Capital Employed January 15th 2024
SZSE: 000099 2024 年 1 月 15 日動用資本回報率

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機當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果你想了解分析師對未來的預測,你應該查看我們的中信海上直升機免費報告。

The Trend Of ROCE

ROCE 的趨勢

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.

在過去的五年中,中信海上直升機的投資回報率和所用資本基本保持不變。這告訴我們該公司沒有對自己進行再投資,因此它已經過了增長階段是合理的。因此,除非我們看到中信海上直升機在投資回報率方面發生重大變化並進行額外投資,否則我們不會對它成爲一家多裝袋機屏住呼吸。

The Key Takeaway

關鍵要點

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.

我們可以得出結論,就中信海上直升機的動用資本回報率和趨勢而言,沒有太大的變化可以報告。由於該股在過去五年中上漲了令人印象深刻的54%,因此投資者必須認爲會有更好的事情發生。但是,除非這些潛在趨勢變得更加樂觀,否則我們不會抱太高的希望。

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.

不過,中信海上直升機確實存在一些風險,我們發現了一個你可能會感興趣的中信海上直升機警告標誌。

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.

對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。

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.

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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

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