Return on capital employed

简明释义

已投资资本回报

英英释义

例句

1.The company's Return on capital employed 资本使用回报率 has improved significantly this quarter.

公司的资本使用回报率在本季度显著提高。

2.Comparing the Return on capital employed 资本使用回报率 of different companies can help investors make informed decisions.

比较不同公司的资本使用回报率可以帮助投资者做出明智的决策。

3.A high Return on capital employed 资本使用回报率 indicates that a company is using its capital effectively.

高资本使用回报率表明公司有效利用了其资本。

4.Investors often look at the Return on capital employed 资本使用回报率 to assess a firm's efficiency.

投资者通常关注资本使用回报率来评估公司的效率。

5.To maximize profitability, the management team focused on improving the Return on capital employed 资本使用回报率.

为了最大化盈利，管理团队专注于提高资本使用回报率。

作文

In the world of finance and investment, understanding key performance indicators is essential for making informed decisions. One such important metric is the Return on Capital Employed, often abbreviated as ROCE. This financial ratio helps investors and managers evaluate how efficiently a company is using its capital to generate profits. Essentially, it measures the profitability and efficiency of a company's capital investments. To fully grasp the significance of Return on Capital Employed (资本使用回报率), we need to delve into its calculation, implications, and applications in business strategy.The formula for calculating Return on Capital Employed is relatively straightforward: it is derived by dividing the operating profit of a company by its total capital employed. The total capital employed includes both equity and debt, which means that ROCE provides a comprehensive view of a company’s profitability relative to all the capital at its disposal. A higher ROCE indicates a more efficient use of capital, which is attractive to investors.For instance, if a company has an operating profit of $200,000 and total capital employed of $1,000,000, the ROCE would be 20%. This suggests that for every dollar of capital employed, the company generates a return of 20 cents. Investors often compare the ROCE of different companies within the same industry to gauge which company is utilizing its capital more effectively. This comparative analysis can lead to better investment decisions.Moreover, the Return on Capital Employed is not just a static number; it can also be tracked over time to assess a company's performance trend. If a company consistently shows an increasing ROCE, it may indicate improving operational efficiency or effective management strategies. Conversely, a declining ROCE could signal potential issues such as rising costs, ineffective capital allocation, or declining sales.In addition to evaluating individual companies, ROCE can play a significant role in corporate strategy. Companies may use ROCE as a benchmark for evaluating new projects or investments. When considering whether to launch a new product line or expand into a new market, management teams often look for projects that are expected to exceed the company's current ROCE. This approach ensures that capital is allocated to ventures that promise the highest returns, thereby maximizing shareholder value.It is also important to recognize the limitations of Return on Capital Employed. While it is a useful metric, it does not account for the risk associated with different investments. For example, a company may have a high ROCE but could be operating in a volatile market, which poses risks that are not reflected in the ratio itself. Therefore, investors should consider ROCE alongside other financial metrics and qualitative factors when analyzing a company's overall health.In conclusion, the Return on Capital Employed (资本使用回报率) is a vital indicator of a company's efficiency and profitability. By measuring how well a company utilizes its capital to generate earnings, it provides valuable insights for investors and management alike. Whether used for comparative analysis, trend tracking, or strategic planning, ROCE remains an essential tool in the financial toolkit. Understanding this metric can empower stakeholders to make better-informed decisions, ultimately leading to enhanced financial performance and growth.

在金融和投资的世界中，理解关键绩效指标对于做出明智的决策至关重要。其中一个重要的指标是资本使用回报率，通常缩写为ROCE。这个财务比率帮助投资者和管理者评估公司如何有效地利用其资本来产生利润。基本上，它衡量了公司资本投资的盈利能力和效率。要全面理解资本使用回报率的重要性，我们需要深入探讨其计算方法、影响及其在商业战略中的应用。计算资本使用回报率的公式相对简单：它是通过将公司的营业利润除以其总资本使用来得出的。总资本使用包括股本和债务，这意味着ROCE提供了公司相对于所有可用资本的盈利能力的全面视图。较高的ROCE表明资本使用更加高效，这对投资者具有吸引力。例如，如果一家公司营业利润为200,000美元，总资本使用为1,000,000美元，则ROCE为20%。这表明每使用一美元的资本，公司就能产生20美分的回报。投资者通常会比较同一行业内不同公司的ROCE，以评估哪家公司更有效地利用其资本。这种比较分析可以导致更好的投资决策。此外，资本使用回报率不仅仅是一个静态数字；它还可以随着时间的推移进行跟踪，以评估公司的业绩趋势。如果一家公司持续显示出ROCE的增长，这可能表明运营效率的提高或管理策略的有效性。相反，ROCE的下降可能暗示潜在问题，例如成本上升、资本配置无效或销售下降。除了评估个别公司外，ROCE在企业战略中也可以发挥重要作用。公司可能会将ROCE作为评估新项目或投资的基准。在考虑推出新产品线或进入新市场时，管理团队通常会寻找预计超过公司当前ROCE的项目。这种方法确保资本被分配到承诺最高回报的风险中，从而最大化股东价值。同样，认识到资本使用回报率的局限性也很重要。虽然它是一个有用的指标，但它并不考虑与不同投资相关的风险。例如，一家公司可能具有高ROCE，但可能在一个波动的市场中运营，这些风险并未在比率本身中反映出来。因此，投资者在分析公司的整体健康状况时，应将ROCE与其他财务指标和定性因素结合考虑。总之，资本使用回报率是公司效率和盈利能力的重要指标。通过衡量公司如何利用其资本来产生收益，它为投资者和管理层提供了宝贵的见解。无论是用于比较分析、趋势跟踪还是战略规划，ROCE仍然是财务工具箱中的重要工具。理解这一指标可以使利益相关者做出更明智的决策，最终促进财务表现和增长的提升。