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China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd's (SZSE:000758) Returns On Capital Are Heading Higher

China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd's (SZSE:000758) Returns On Capital Are Heading Higher

中國有色金屬工業對外工程建設有限公司(深圳證券交易所代碼:000758)的資本回報率正在走高
Simply Wall St ·  04/30 23:52

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. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd (SZSE:000758) looks quite promising in regards to its trends of return on capital.

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。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。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資到業務中併產生更高的回報。因此,從這個角度來看,中國有色金屬工業對外工程建設有限公司(SZSE: 000758)的資本回報率趨勢看起來相當樂觀。

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

資本使用回報率(ROCE):這是什麼?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd, this is the formula:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。要計算中國有色金屬工業對外工程建設有限公司的這一指標,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)

0.082 = CN¥986m ÷ (CN¥19b - CN¥7.5b) (Based on the trailing twelve months to March 2024).

0.082 = 9.86億元人民幣 ÷(19b人民幣-7.5億元人民幣) (基於截至2024年3月的過去十二個月)

Therefore, China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd has an ROCE of 8.2%. In absolute terms, that's a low return but it's around the Metals and Mining industry average of 7.1%.

因此,中國有色金屬工業對外工程建設有限公司的投資回報率爲8.2%。從絕對值來看,回報率很低,但約爲金屬和採礦業的平均水平7.1%。

roce
SZSE:000758 Return on Capital Employed May 1st 2024
SZSE: 000758 2024 年 5 月 1 日動用資本回報率

Historical performance is a great place to start when researching a stock so above you can see the gauge for China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd's ROCE against it's prior returns. If you're interested in investigating China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd's past further, check out this free graph covering China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd's past earnings, revenue and cash flow.

歷史表現是研究股票的絕佳起點,因此在上面你可以看到中國有色金屬工業外國工程建設有限公司投資回報率與先前回報對比的指標。如果你有興趣進一步調查中國有色金屬工業外國工程建設有限公司的過去,請查看這張免費圖表,該圖表涵蓋了中國有色金屬工業外國工程建設有限公司過去的收益、收入和現金流。

What Does the ROCE Trend For China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd Tell Us?

中國有色金屬工業外國工程建設有限公司的投資回報率趨勢告訴我們什麼?

China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd has not disappointed with their ROCE growth. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 367% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. On that front, things are looking good so it's worth exploring what management has said about growth plans going forward.

中國有色金屬工業對外工程建設有限公司的投資回報率增長並不令人失望。從數據來看,我們可以看到,儘管該業務中使用的資本保持相對平穩,但在過去五年中,產生的投資回報率增長了367%。因此,由於所使用的資本沒有太大變化,該企業現在很可能正在從過去的投資中獲得全部收益。在這方面,情況看起來不錯,因此值得探討管理層對未來增長計劃的看法。

In Conclusion...

總之...

To sum it up, China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd is collecting higher returns from the same amount of capital, and that's impressive. Investors may not be impressed by the favorable underlying trends yet because over the last five years the stock has only returned 19% to shareholders. So with that in mind, we think the stock deserves further research.

總而言之,中國有色金屬工業的外國工程建設有限公司正在從相同數量的資本中獲得更高的回報,這令人印象深刻。有利的潛在趨勢可能還不會給投資者留下深刻的印象,因爲在過去五年中,該股向股東的回報率僅爲19%。因此,考慮到這一點,我們認爲該股值得進一步研究。

While China Nonferrous Metal Industry's Foreign Engineering and ConstructionLtd looks impressive, no company is worth an infinite price. The intrinsic value infographic for 000758 helps visualize whether it is currently trading for a fair price.

儘管中國有色金屬工業的外國工程建設有限公司看起來令人印象深刻,但沒有一家公司值得付出無限的代價。000758 的內在價值信息圖有助於可視化其當前是否以公平價格進行交易。

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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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