Shenzhen RongDa Photosensitive Science & Technology (SZSE:300576) Might Be Having Difficulty Using Its Capital Effectively
Shenzhen RongDa Photosensitive Science & Technology (SZSE:300576) Might Be Having Difficulty Using Its Capital Effectively
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after briefly looking over the numbers, we don't think Shenzhen RongDa Photosensitive Science & Technology (SZSE:300576) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
如果你不确定在寻找下一个多袋子时从哪里开始,有几个关键的趋势你应该密切关注。通常,我们会注意到一种增长的趋势退货关于已使用资本(ROCE)以及与之相伴随的是不断扩大的基地已动用资本的比例。如果你看到这个,通常意味着它是一家拥有出色商业模式和大量有利可图的再投资机会的公司。然而,在简单地看了一下数字之后,我们认为深圳荣达感光科技(SZSE:300576)具备了未来实现多个袋子的条件,但让我们来看看为什么会这样。
Understanding Return On Capital Employed (ROCE)
了解资本回报率(ROCE)
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 Shenzhen RongDa Photosensitive Science & Technology, this is the formula:
对于那些不知道的人来说,ROCE是一家公司的年度税前利润(其回报)相对于业务资本的衡量标准。要计算深圳荣达感光科技的这一指标,公式如下:
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)
0.059 = CN¥74m ÷ (CN¥1.6b - CN¥337m) (Based on the trailing twelve months to June 2023).
0.059=7400万元?(16亿元-3.37亿元)(根据截至2023年6月的往绩12个月计算)。
So, Shenzhen RongDa Photosensitive Science & Technology has an ROCE of 5.9%. On its own that's a low return on capital but it's in line with the industry's average returns of 5.9%.
所以,深圳荣达光敏科技的净资产收益率为5.9%。就其本身而言,这是一个较低的资本回报率,但与该行业5.9%的平均回报率一致。
See our latest analysis for Shenzhen RongDa Photosensitive Science & Technology
查看我们对深圳荣达感光科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231011/0-993de5a5936415c8eda83c4e1d17da7a-0-d8c307936111873784b5962b0ba91fdf.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Shenzhen RongDa Photosensitive Science & Technology's ROCE against it's prior returns. If you'd like to look at how Shenzhen RongDa Photosensitive Science & Technology has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.
在研究一只股票时,历史表现是一个很好的起点,因为在历史表现上方,你可以看到深圳荣达光敏科技的ROCE相对于其先前回报的衡量标准。如果你想看看深圳荣达光敏科技过去在其他指标上的表现,你可以查看以下内容免费过去收益、收入和现金流的图表。
So How Is Shenzhen RongDa Photosensitive Science & Technology's ROCE Trending?
那么,深圳荣达光敏科技的ROCE趋势如何?
We weren't thrilled with the trend because Shenzhen RongDa Photosensitive Science & Technology's ROCE has reduced by 21% over the last five years, while the business employed 200% more capital. However, some of the increase in capital employed could be attributed to the recent capital raising that's been completed prior to their latest reporting period, so keep that in mind when looking at the ROCE decrease. Shenzhen RongDa Photosensitive Science & Technology probably hasn't received a full year of earnings yet from the new funds it raised, so these figures should be taken with a grain of salt.
我们对这一趋势并不感到兴奋,因为深圳荣达光敏科技的净资产收益率在过去五年里下降了21%,而该业务雇佣的资本增加了200%。然而,已使用资本的增加可能部分归因于最近在其最新报告期之前完成的资本筹集,因此在查看ROCE下降时请记住这一点。深圳融达光敏科技可能还没有从其募集的新基金中获得全年收益,因此对这些数据应该持保留态度。
In Conclusion...
总之..。
In summary, Shenzhen RongDa Photosensitive Science & Technology is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 578% gain to shareholders who have held over the last five years. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high.
综上所述,深圳荣达感光科技正在将资金重新投资到业务中以实现增长,但不幸的是,销售额似乎还没有增加多少。投资者一定认为未来会有更好的事情发生,因为该公司的股票已经走出了困境,为过去五年持有该公司股票的股东带来了578%的收益。但如果这些潜在趋势的轨迹继续下去,我们认为从现在开始出现多管齐下的可能性并不高。
If you want to know some of the risks facing Shenzhen RongDa Photosensitive Science & Technology we've found 2 warning signs (1 shouldn't be ignored!) that you should be aware of before investing here.
如果你想知道深圳荣达感光科技面临的一些风险,我们找到了2个警告标志(1不应该被忽视!)在这里投资之前你应该意识到这一点。
While Shenzhen RongDa Photosensitive Science & Technology isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然深圳荣达光敏科技并没有获得最高的回报,但看看这个免费资产负债表稳健、股本回报率高的公司名单。
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.
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。