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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

中遠海運科技 (SZSE: 002401) 的資本回報率正在增長
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.

如果你正在尋找一款多功能裝袋機,有幾件事需要注意。通常,我們希望注意到增長的趨勢 返回 在資本使用率(ROCE)方面,除此之外,還在擴大 基礎 所用資本的比例。歸根結底,這表明這是一家以更高的回報率對利潤進行再投資的企業。因此,當我們研究中遠海運科技(SZSE:002401)及其投資回報率的趨勢時,我們真的很喜歡我們所看到的。

What Is Return On Capital Employed (ROCE)?

什麼是資本使用回報率(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:

如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。中遠海運科技的計算公式爲:

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)

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

0.10 = 1.67億元人民幣 ÷(27億元人民幣-11億元人民幣) (基於截至2023年9月的過去十二個月)

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,中遠海運科技的投資回報率爲10%。從絕對值來看,這是一個令人滿意的回報,但與IT行業平均水平的4.4%相比,回報要好得多。

roce
SZSE:002401 Return on Capital Employed March 27th 2024
SZSE: 002401 2024 年 3 月 27 日動用資本回報率

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.

雖然過去並不能代表未來,但了解一家公司的歷史表現可能會有所幫助,這就是我們上面有這張圖表的原因。如果您想深入研究歷史收益,請查看這些免費圖表,詳細說明中遠海運科技的收入和現金流表現。

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

中遠海運科技的投資回報率趨勢告訴我們什麼?

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.

投資者會對中遠海運科技所發生的事情感到滿意。在過去五年中,已動用資本回報率大幅上升至10%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了86%。因此,我們在中遠海運科技所看到的情況給我們帶來了極大的啓發,這要歸功於它能夠盈利地進行資本再投資。

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,我們注意到該公司的流動負債佔總資產的比率降至40%,這在很大程度上意味着該企業減少了對供應商或短期債權人爲其運營提供資金的依賴。因此,投資回報率的改善來自該企業的潛在經濟學,這很高興看到。

The Bottom Line On COSCO SHIPPING Technology's ROCE

中遠海運科技投資回報率的底線

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.

總而言之,中遠海運科技已經證明它可以對業務進行再投資,並從所使用的資本中獲得更高的回報,這太棒了。投資者似乎對未來有更多這樣的期望,因爲該股在過去五年中爲股東提供了74%的回報。因此,我們認爲值得您花時間檢查這些趨勢是否會持續下去。

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.

如果你想繼續研究中遠海運科技,你可能有興趣了解我們的分析發現的1個警告信號。

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.

儘管中遠海運科技目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。

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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