Jiangsu Rijiu Optoelectronics (SZSE:003015) May Have Issues Allocating Its Capital
Jiangsu Rijiu Optoelectronics (SZSE:003015) May Have Issues Allocating Its Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Although, when we looked at Jiangsu Rijiu Optoelectronics (SZSE:003015), it didn't seem to tick all of these boxes.
要找到一只多袋装箱的股票,我们应该在企业中寻找哪些潜在趋势?除其他外,我们希望看到两件事;首先,成长 返回 论资本使用率(ROCE),其次是公司的扩张 金额 所用资本的百分比。简而言之,这些类型的企业是复合机器,这意味着它们不断以更高的回报率对收益进行再投资。不过,当我们看的时候 江苏日久光电 (SZSE: 003015),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?
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 Jiangsu Rijiu Optoelectronics is:
如果你以前没有与ROCE合作过,它可以衡量一家公司从其业务中使用的资本中产生的 “回报”(税前利润)。江苏日久光电的计算公式为:
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)
0.012 = CN¥12m ÷ (CN¥1.3b - CN¥281m) (Based on the trailing twelve months to September 2023).
0.012 = 人民币 1200 万元 ≤(CN¥1.3b-CN¥281 m) (基于截至2023年9月的过去十二个月)。
Thus, Jiangsu Rijiu Optoelectronics has an ROCE of 1.2%. Ultimately, that's a low return and it under-performs the Electronic industry average of 5.1%.
因此, 江苏日久光电的投资回报率为1.2%。 归根结底,这是一个低回报,表现低于电子行业5.1%的平均水平。
View our latest analysis for Jiangsu Rijiu Optoelectronics
查看我们对江苏日久光电的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231108/0-c245e36c677ff3faad01af26f3b97504-0-bbaab1dbc8e8120e893372578d7df8e0.png/big)
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings, revenue and cash flow of Jiangsu Rijiu Optoelectronics, check out these free graphs here.
虽然过去不能代表未来,但了解一家公司的历史表现可能会有所帮助,这就是我们上面有这张图表的原因。如果你想深入了解江苏日久光电的历史收益、收入和现金流,请查看这些 免费的 这里的图表。
The Trend Of ROCE
ROCE 的趋势
In terms of Jiangsu Rijiu Optoelectronics' historical ROCE movements, the trend isn't fantastic. To be more specific, ROCE has fallen from 18% over the last five years. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It may take some time before the company starts to see any change in earnings from these investments.
就江苏日久光电的历史ROCE走势而言,这种趋势并不理想。更具体地说,投资回报率已从过去五年的18%有所下降。另一方面,去年该公司一直在使用更多资金,但销售额没有相应改善,这可能表明这些投资是长期投资。公司可能需要一段时间才能开始看到这些投资的收益发生任何变化。
The Bottom Line
底线
In summary, Jiangsu Rijiu Optoelectronics is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And investors appear hesitant that the trends will pick up because the stock has fallen 26% in the last three years. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
总而言之,江苏日久光电正在将资金重新投资到业务中以实现增长,但不幸的是,销售额似乎还没有太大增长。投资者似乎对趋势是否会回升犹豫不决,因为该股在过去三年中下跌了26%。无论如何,这只股票不具有上面讨论的多袋股票的特征,因此,如果您要寻找的东西,我们认为您在其他地方运气会更好。
If you want to know some of the risks facing Jiangsu Rijiu Optoelectronics we've found 5 warning signs (3 are concerning!) that you should be aware of before investing here.
如果你想知道江苏日久光电面临的一些风险,我们已经找到了 5 个警告标志 (3 个是关心的!)在这里投资之前你应该意识到这一点。
While Jiangsu Rijiu Optoelectronics may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
尽管江苏日久光电目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。看看这个 免费的 在这里列出。
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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。