The Returns On Capital At YONFER Agricultural Technology (SZSE:000902) Don't Inspire Confidence
The Returns On Capital At YONFER Agricultural Technology (SZSE:000902) Don't Inspire Confidence
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. In light of that, when we looked at YONFER Agricultural Technology (SZSE:000902) and its ROCE trend, we weren't exactly thrilled.
你知道吗,有一些财务指标可以提供潜在的多管齐下的线索?在一个完美的世界里,我们希望看到一家公司向其业务投入更多资本,理想情况下,从这些资本中赚取的回报也在增加。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。有鉴于此,当我们看到约恩费尔农业技术(SZSE:000902)和它的ROCE趋势,我们并不是很兴奋。
What Is Return On Capital Employed (ROCE)?
什么是资本回报率(ROCE)?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on YONFER Agricultural Technology is:
如果你以前没有使用过ROCE,它衡量的是一家公司从业务资本中获得的“回报”(税前利润)。YONFER农业技术的这一计算公式为:
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)
0.11 = CN¥1.3b ÷ (CN¥16b - CN¥4.7b) (Based on the trailing twelve months to September 2023).
0.11=CN元13亿?(CN元160亿-CN元47亿)(根据截至2023年9月的往绩12个月计算)。
Thus, YONFER Agricultural Technology has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 5.8% generated by the Chemicals industry.
因此,永发农业科技的净资产收益率为11%。就其本身而言,这是一个标准回报率,但它比化工行业5.8%的回报率要好得多。
View our latest analysis for YONFER Agricultural Technology
查看我们对约恩费尔农业技术的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231026/0-a5016961231dd0da50c09ca5dfaaf057-0-e9ca244673368446994829e0ef70deb2.png/big)
Above you can see how the current ROCE for YONFER Agricultural Technology compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free report for YONFER Agricultural Technology.
上面你可以看到YONFER农业科技公司目前的净资产收益率与之前的资本回报率相比,但你只能从过去知道这么多。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YONFER农业技术公司的报告。
How Are Returns Trending?
回报趋势如何?
When we looked at the ROCE trend at YONFER Agricultural Technology, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 11% from 15% five years ago. However it looks like YONFER Agricultural Technology might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.
当我们观察永发农业科技的ROCE趋势时,我们并没有获得太多信心。过去五年,资本回报率从五年前的15%降至11%。然而,看起来永辉农业科技可能正在为长期增长进行再投资,因为尽管已动用的资本有所增加,但该公司的销售额在过去12个月里没有太大变化。从现在开始,值得密切关注该公司的收益,看看这些投资最终是否真的为利润做出了贡献。
In Conclusion...
总之..。
To conclude, we've found that YONFER Agricultural Technology is reinvesting in the business, but returns have been falling. And investors may be recognizing these trends since the stock has only returned a total of 40% to shareholders over the last five years. As a result, if you're hunting for a multi-bagger, we think you'd have more luck elsewhere.
总而言之,我们发现YONFER农业科技公司正在对该业务进行再投资,但回报一直在下降。投资者可能已经意识到了这些趋势,因为在过去五年里,该股向股东总共只有40%的回报率。因此,如果你正在寻找一个多袋子,我们认为你在其他地方会有更多的运气。
If you want to continue researching YONFER Agricultural Technology, you might be interested to know about the 2 warning signs that our analysis has discovered.
如果您想继续研究YONFER农业技术,您可能会有兴趣了解2个警告标志我们的分析发现。
While YONFER Agricultural 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YONFER农业技术公司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。
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