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Returns Are Gaining Momentum At Sanjiang Shopping ClubLtd (SHSE:601116)

Returns Are Gaining Momentum At Sanjiang Shopping ClubLtd (SHSE:601116)

三江購物俱樂部有限公司(上海證券交易所代碼:601116)的退貨勢頭增強
Simply Wall St ·  03/28 03:20

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount 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. With that in mind, we've noticed some promising trends at Sanjiang Shopping ClubLtd (SHSE:601116) so let's look a bit deeper.

我們應該尋找哪些趨勢?我們想確定可以長期價值成倍增長的股票?一種常見的方法是嘗試找一家公司 回報 論資本使用率(ROCE)在增加的同時增長 金額 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。考慮到這一點,我們注意到三江購物俱樂部有限公司(SHSE: 601116)的一些令人鼓舞的趨勢,所以讓我們更深入地了解一下。

Understanding Return On Capital Employed (ROCE)

了解資本使用回報率 (ROCE)

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 Sanjiang Shopping ClubLtd, 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。要計算三江購物俱樂部有限公司的這個指標,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)

0.053 = CN¥180m ÷ (CN¥5.0b - CN¥1.6b) (Based on the trailing twelve months to December 2023).

0.053 = 1.8億元人民幣 ÷(50億元人民幣-16億元人民幣) (基於截至2023年12月的過去十二個月)

Thus, Sanjiang Shopping ClubLtd has an ROCE of 5.3%. Ultimately, that's a low return and it under-performs the Consumer Retailing industry average of 6.9%.

因此,三江購物俱樂部有限公司的投資回報率爲5.3%。歸根結底,這是一個低迴報,其表現低於消費零售行業6.9%的平均水平。

roce
SHSE:601116 Return on Capital Employed March 28th 2024
SHSE: 601116 2024 年 3 月 28 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 Sanjiang Shopping ClubLtd.

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,詳細說明三江購物俱樂部有限公司的收入和現金流表現。

What The Trend Of ROCE Can Tell Us

ROCE 的趨勢能告訴我們什麼

Sanjiang Shopping ClubLtd's ROCE growth is quite impressive. The figures show that over the last five years, ROCE has grown 83% whilst employing roughly the same amount of capital. 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. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.

三江購物俱樂部有限公司的投資回報率增長相當可觀。數字顯示,在過去五年中,ROCE增長了83%,同時僱用了大致相同數量的資本。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。但是,值得更深入地研究這個問題,因爲儘管提高業務效率是件好事,但這也可能意味着未來缺乏內部投資以實現有機增長的領域。

The Bottom Line

底線

To sum it up, Sanjiang Shopping ClubLtd is collecting higher returns from the same amount of capital, and that's impressive. Given the stock has declined 32% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. So researching this company further and determining whether or not these trends will continue seems justified.

總而言之,三江購物俱樂部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。鑑於該股在過去五年中下跌了32%,如果估值和其他指標也具有吸引力,這可能是一項不錯的投資。因此,進一步研究這家公司並確定這些趨勢是否會持續下去似乎是合理的。

Sanjiang Shopping ClubLtd does have some risks though, and we've spotted 1 warning sign for Sanjiang Shopping ClubLtd that you might be interested in.

不過,三江購物俱樂部確實存在一些風險,我們已經發現了一個你可能會感興趣的三江購物俱樂部有限公司警告標誌。

While Sanjiang Shopping ClubLtd 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.

儘管三江購物俱樂部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。

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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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