Returns On Capital At Jiangsu Asia-Pacific Light Alloy Technology (SZSE:002540) Have Hit The Brakes
Returns On Capital At Jiangsu Asia-Pacific Light Alloy Technology (SZSE:002540) Have Hit The Brakes
There are a few key trends to look for if we want to identify the next multi-bagger. 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Although, when we looked at Jiangsu Asia-Pacific Light Alloy Technology (SZSE:002540), it didn't seem to tick all of these boxes.
如果我们想确定下一个多功能装袋机,有一些关键趋势需要关注。一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 所用资本的百分比。归根结底,这表明这是一家以越来越高的回报率对利润进行再投资的企业。不过,当我们看的时候 江苏亚太轻合金科技 (SZSE: 002540),它似乎没有勾选所有这些方框。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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. Analysts use this formula to calculate it for Jiangsu Asia-Pacific Light Alloy Technology:
对于那些不知道的人来说,投资回报率是衡量公司年度税前利润(其回报率)与企业所用资本的关系。分析师使用以下公式为江苏亚太轻合金科技公司计算得出:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用资本回报率 = 利息和税前收益 (EBIT) ÷(总资产-流动负债)
0.079 = CN¥534m ÷ (CN¥7.3b - CN¥535m) (Based on the trailing twelve months to September 2023).
0.079 = CN¥534m ≤(CN¥7.3b-CN¥5.35m) (基于截至2023年9月的过去十二个月)。
Thus, Jiangsu Asia-Pacific Light Alloy Technology has an ROCE of 7.9%. On its own that's a low return, but compared to the average of 6.3% generated by the Metals and Mining industry, it's much better.
因此, 江苏亚太轻合金科技的投资回报率为7.9%。 就其本身而言,回报率很低,但与金属和采矿业的平均回报率6.3%相比,要好得多。
See our latest analysis for Jiangsu Asia-Pacific Light Alloy Technology
查看我们对江苏亚太轻合金科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231101/0-a86d96e8b8cbb6626d90b13ae1a8d4fc-0-f812056613b13dafed5b673452d27381.png/big)
Above you can see how the current ROCE for Jiangsu Asia-Pacific Light Alloy Technology compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上方你可以看到江苏亚太轻合金科技公司目前的投资回报率与之前的资本回报率的比较,但从过去可以看出来只有很多。如果你有兴趣,可以在我们的网站上查看分析师的预测 免费的 分析师对公司的预测报告。
What Can We Tell From Jiangsu Asia-Pacific Light Alloy Technology's ROCE Trend?
我们可以从江苏亚太轻合金科技的ROCE趋势中看出什么?
The returns on capital haven't changed much for Jiangsu Asia-Pacific Light Alloy Technology in recent years. Over the past five years, ROCE has remained relatively flat at around 7.9% and the business has deployed 41% more capital into its operations. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
近年来,江苏亚太轻合金科技的资本回报率变化不大。在过去五年中,投资回报率一直相对持平,约为7.9%,该业务在运营中部署的资本增加了41%。这种糟糕的投资回报率目前并不能激发信心,随着所用资本的增加,很明显,该企业并没有将资金部署到高回报投资中。
What We Can Learn From Jiangsu Asia-Pacific Light Alloy Technology's ROCE
我们可以从江苏亚太轻合金科技的ROCE中学到什么
In conclusion, Jiangsu Asia-Pacific Light Alloy Technology has been investing more capital into the business, but returns on that capital haven't increased. Since the stock has gained an impressive 75% over the last five years, investors must think there's better things to come. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward.
总之,江苏亚太轻合金科技一直在向该业务投入更多资金,但这些资本的回报率并未增加。由于该股在过去五年中上涨了令人印象深刻的75%,因此投资者必须认为未来会有更好的事情。归根结底,如果潜在趋势持续下去,我们就不会屏住呼吸了,因为未来它是一个多管齐下。
Like most companies, Jiangsu Asia-Pacific Light Alloy Technology does come with some risks, and we've found 2 warning signs that you should be aware of.
像大多数公司一样,江苏亚太轻合金科技确实存在一些风险,我们已经发现 2 个警告标志 你应该知道的。
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.
对于那些喜欢投资的人 实力雄厚的公司, 看看这个 免费的 资产负债表稳健、股本回报率高的公司名单。
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