There Are Reasons To Feel Uneasy About Landai Technology Group's (SZSE:002765) Returns On Capital
There Are Reasons To Feel Uneasy About Landai Technology Group's (SZSE:002765) Returns On Capital
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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Landai Technology Group (SZSE:002765), we don't think it's current trends fit the mold of a multi-bagger.
找到一家具有大幅增长潜力的企业并非易事,但如果我们看看几个关键的财务指标,这是可能的。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。基本上,这意味着一家公司有盈利的举措,可以继续进行再投资,这是复合机器的一个特点。不过,经过调查,蓝泰科技集团(SZSE:002765),我们认为目前的趋势不适合多袋子模式。
Return On Capital Employed (ROCE): What Is It?
资本回报率(ROCE):它是什么?
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. The formula for this calculation on Landai Technology Group is:
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。蓝泰科技集团的这一计算公式为:
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)
0.021 = CN¥76m ÷ (CN¥5.2b - CN¥1.5b) (Based on the trailing twelve months to June 2023).
0.021=CN元7600万?(CN元52亿-CN元15亿)(根据截至2023年6月的往绩12个月计算)。
Thus, Landai Technology Group has an ROCE of 2.1%. Ultimately, that's a low return and it under-performs the Auto Components industry average of 5.6%.
因此,蓝泰科技集团的净资产收益率为2.1%。归根结底,这是一个较低的回报率,表现低于汽车零部件行业5.6%的平均水平。
See our latest analysis for Landai Technology Group
查看我们对蓝泰科技集团的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231014/0-038810d633da8dfc19ef8d84c884de62-0-40627e1ed680cc089c8e4deecb85e2d0.png/big)
In the above chart we have measured Landai Technology Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Landai Technology Group.
在上面的图表中,我们衡量了蓝泰科技集团之前的净资产收益率与其之前的表现,但可以说,未来更重要。如果您想查看分析师对未来的预测,您应该查看我们的免费为蓝泰科技集团做报告。
What The Trend Of ROCE Can Tell Us
ROCE的走势告诉我们什么
The trend of ROCE doesn't look fantastic because it's fallen from 6.3% five years ago, while the business's capital employed increased by 96%. 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. It's unlikely that all of the funds raised have been put to work yet, so as a consequence Landai Technology Group might not have received a full period of earnings contribution from it.
ROCE的趋势看起来并不美妙,因为它比五年前的6.3%有所下降,而企业的资本投入却增加了96%。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。不太可能所有筹集的资金都已经投入使用,因此蓝泰科技集团可能没有从它那里获得完整的收益贡献期。
In Conclusion...
总之..。
To conclude, we've found that Landai Technology Group is reinvesting in the business, but returns have been falling. And with the stock having returned a mere 39% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
总而言之,我们发现蓝泰科技集团正在对该业务进行再投资,但回报一直在下降。过去五年,该公司股票对股东的回报率仅为39%,你可以说,他们意识到了这些低迷的趋势。因此,如果您正在寻找一个多袋子,我们建议寻找其他选择。
If you want to know some of the risks facing Landai Technology Group we've found 3 warning signs (1 is significant!) that you should be aware of before investing here.
如果你想知道兰代科技集团面临的一些风险,我们找到了3个警示标志(1很重要!)在这里投资之前你应该意识到这一点。
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.
对于那些喜欢投资于稳固的公司,看看这个免费资产负债表稳健、股本回报率高的公司名单。
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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。