Returns At Jiangsu Zhongtian Technology (SHSE:600522) Appear To Be Weighed Down
Returns At Jiangsu Zhongtian Technology (SHSE:600522) Appear To Be Weighed Down
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. 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 Jiangsu Zhongtian Technology (SHSE:600522) and its ROCE trend, we weren't exactly thrilled.
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?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 已动用资本的百分比。基本上,这意味着一家公司有可以继续进行再投资的盈利计划,这是复合机的一个特征。有鉴于此,当我们查看江苏中天科技(SHSE: 600522)及其投资回报率趋势时,我们并不感到非常兴奋。
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. Analysts use this formula to calculate it for Jiangsu Zhongtian Technology:
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额。分析师使用以下公式为江苏中天科技计算:
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)
0.093 = CN¥3.4b ÷ (CN¥54b - CN¥18b) (Based on the trailing twelve months to September 2023).
0.093 = CN¥3.4b ≤(CN¥54b-CN¥18b) (基于截至2023年9月的过去十二个月)。
So, Jiangsu Zhongtian Technology has an ROCE of 9.3%. On its own that's a low return, but compared to the average of 6.3% generated by the Electrical industry, it's much better.
因此,江苏中天科技的投资回报率为9.3%。就其本身而言,回报率很低,但与电气行业平均产生的6.3%相比,要好得多。
View our latest analysis for Jiangsu Zhongtian Technology
查看我们对江苏中天科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231126/0-cea35abb34095678bc508efb07a71b1e-0-26cd1e2c1988933631473d4d27e94a41.png/big)
Above you can see how the current ROCE for Jiangsu Zhongtian 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 Jiangsu Zhongtian Technology.
在上方你可以看到江苏中天科技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这么多。如果你想了解分析师对未来的预测,你应该查看我们关于江苏中天科技的免费报告。
The Trend Of ROCE
ROCE 的趋势
In terms of Jiangsu Zhongtian Technology's historical ROCE trend, it doesn't exactly demand attention. The company has employed 84% more capital in the last five years, and the returns on that capital have remained stable at 9.3%. 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.
就江苏中天科技的历史投资回报率走势而言,这并不完全值得关注。在过去五年中,该公司使用的资本增加了84%,该资本的回报率一直稳定在9.3%。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 Zhongtian Technology's ROCE
我们可以从江苏中天科技的ROCE中学到什么
Long story short, while Jiangsu Zhongtian Technology has been reinvesting its capital, the returns that it's generating haven't increased. Although the market must be expecting these trends to improve because the stock has gained 84% over the last five years. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high.
长话短说,尽管江苏中天科技一直在进行资本再投资,但其产生的回报并未增加。尽管市场一定预计这些趋势会有所改善,因为该股在过去五年中上涨了84%。但是,如果这些潜在趋势的轨迹继续下去,我们认为它从现在开始成为多管齐下的可能性并不高。
While Jiangsu Zhongtian Technology doesn't shine too bright in this respect, it's still worth seeing if the company is trading at attractive prices. You can find that out with our FREE intrinsic value estimation on our platform.
尽管江苏中天科技在这方面的表现并不太好,但该公司的交易价格是否具有吸引力仍然值得一看。您可以通过我们平台上的免费内在价值估算来找到答案。
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.
对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。
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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。