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COSCO SHIPPING Technology (SZSE:002401) Is Experiencing Growth In Returns On Capital

COSCO SHIPPING Technology (SZSE:002401) Is Experiencing Growth In Returns On Capital

中远海运科技 (SZSE: 002401) 的资本回报率正在增长
Simply Wall St ·  03/26 20:32

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at COSCO SHIPPING Technology (SZSE:002401) and its trend of ROCE, we really liked what we saw.

如果你正在寻找一款多功能装袋机,有几件事需要注意。通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 所用资本的比例。归根结底,这表明这是一家以更高的回报率对利润进行再投资的企业。因此,当我们研究中远海运科技(SZSE:002401)及其投资回报率的趋势时,我们真的很喜欢我们所看到的。

What Is Return On Capital Employed (ROCE)?

什么是资本使用回报率(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. The formula for this calculation on COSCO SHIPPING Technology is:

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)。中远海运科技的计算公式为:

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)

0.10 = CN¥167m ÷ (CN¥2.7b - CN¥1.1b) (Based on the trailing twelve months to September 2023).

0.10 = 1.67亿元人民币 ÷(27亿元人民币-11亿元人民币) (基于截至2023年9月的过去十二个月)

So, COSCO SHIPPING Technology has an ROCE of 10%. In absolute terms, that's a satisfactory return, but compared to the IT industry average of 4.4% it's much better.

因此,中远海运科技的投资回报率为10%。从绝对值来看,这是一个令人满意的回报,但与IT行业平均水平的4.4%相比,回报要好得多。

roce
SZSE:002401 Return on Capital Employed March 27th 2024
SZSE: 002401 2024 年 3 月 27 日动用资本回报率

While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of COSCO SHIPPING Technology.

虽然过去并不能代表未来,但了解一家公司的历史表现可能会有所帮助,这就是我们上面有这张图表的原因。如果您想深入研究历史收益,请查看这些免费图表,详细说明中远海运科技的收入和现金流表现。

What Does the ROCE Trend For COSCO SHIPPING Technology Tell Us?

中远海运科技的投资回报率趋势告诉我们什么?

Investors would be pleased with what's happening at COSCO SHIPPING Technology. Over the last five years, returns on capital employed have risen substantially to 10%. 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 86%. So we're very much inspired by what we're seeing at COSCO SHIPPING Technology thanks to its ability to profitably reinvest capital.

投资者会对中远海运科技所发生的事情感到满意。在过去五年中,已动用资本回报率大幅上升至10%。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86%。因此,我们在中远海运科技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。

In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 40%, 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.

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40%,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。

The Bottom Line On COSCO SHIPPING Technology's ROCE

中远海运科技投资回报率的底线

To sum it up, COSCO SHIPPING Technology has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 74% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.

总而言之,中远海运科技已经证明它可以对业务进行再投资,并从所使用的资本中获得更高的回报,这太棒了。投资者似乎对未来有更多这样的期望,因为该股在过去五年中为股东提供了74%的回报。因此,我们认为值得您花时间检查这些趋势是否会持续下去。

If you want to continue researching COSCO SHIPPING Technology, you might be interested to know about the 1 warning sign that our analysis has discovered.

如果你想继续研究中远海运科技,你可能有兴趣了解我们的分析发现的1个警告信号。

While COSCO SHIPPING Technology may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.

尽管中远海运科技目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这个免费清单。

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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。

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