Here's What's Concerning About Ningbo Runhe High-Tech Materials' (SZSE:300727) Returns On Capital
Here's What's Concerning About Ningbo Runhe High-Tech Materials' (SZSE:300727) Returns On Capital
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. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing 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. Having said that, from a first glance at Ningbo Runhe High-Tech Materials (SZSE:300727) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。理想情况下,企业将表现出两种趋势;首先是增长 返回 论资本使用率(ROCE),其次是增加 金额 已动用资本的百分比。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。话虽如此,乍一看宁波润和高科材料(深交所股票代码:300727),我们并不是对回报趋势感到惊讶,而是让我们更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Ningbo Runhe High-Tech Materials is:
对于那些不确定ROCE是什么的人来说,它衡量的是公司从业务中使用的资本中可以产生的税前利润。宁波润荷高新材料的计算公式为:
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)
0.078 = CN¥89m ÷ (CN¥1.6b - CN¥409m) (Based on the trailing twelve months to September 2023).
0.078 = CN¥89m ≤(CN¥16B-CN¥4.09m) (基于截至2023年9月的过去十二个月)。
So, Ningbo Runhe High-Tech Materials has an ROCE of 7.8%. On its own that's a low return, but compared to the average of 5.5% generated by the Chemicals industry, it's much better.
因此,宁波润和高新材料的投资回报率为7.8%。就其本身而言,回报率很低,但与化工行业的平均回报率5.5%相比,要好得多。
View our latest analysis for Ningbo Runhe High-Tech Materials
查看我们对宁波润和高新材料的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231110/0-1dd31a08ce7fa59c03edd6e83b53af43-0-c264f0a4fcf50889dcf8580967f412e8.png/big)
Above you can see how the current ROCE for Ningbo Runhe High-Tech Materials compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Ningbo Runhe High-Tech Materials here for free.
在上方你可以看到宁波润和高科材料目前的投资回报率与其之前的资本回报率的比较,但从过去可以看出来只有很多。如果你愿意,你可以在这里免费查看分析师对宁波润和高新材料的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
When we looked at the ROCE trend at Ningbo Runhe High-Tech Materials, we didn't gain much confidence. To be more specific, ROCE has fallen from 14% 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.
当我们查看宁波润和高新材料的ROCE趋势时,我们并没有获得太大的信心。更具体地说,投资回报率已从过去五年的14%有所下降。另一方面,该公司去年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 On Ningbo Runhe High-Tech Materials' ROCE
宁波润和高科材料投资回报率的底线
In summary, Ningbo Runhe High-Tech Materials is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And with the stock having returned a mere 32% 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,宁波润和高新材料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。而且,在过去五年中,该股向股东的回报率仅为32%,你可以说他们意识到这些乏善可陈的趋势。因此,如果你正在寻找一款多功能装袋机,我们建议你考虑其他选择。
One more thing to note, we've identified 1 warning sign with Ningbo Runhe High-Tech Materials and understanding this should be part of your investment process.
还有一点需要注意的是,我们已经发现了宁波润和高科材料的1个警告信号,我们知道这应该是你投资过程的一部分。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本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型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。