De Rucci Healthy Sleep (SZSE:001323) Will Be Hoping To Turn Its Returns On Capital Around
De Rucci Healthy Sleep (SZSE:001323) Will Be Hoping To Turn Its Returns On Capital Around
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. Although, when we looked at De Rucci Healthy Sleep (SZSE:001323), it didn't seem to tick all of these boxes.
如果你正在寻找一款多功能装袋机,有几件事需要注意。通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 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。但是,当我们看 De Rucci Healthy Sleep(SZSE: 001323)时,它似乎并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 De Rucci Healthy Sleep:
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来计算 De Rucci 健康睡眠:
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)
0.17 = CN¥760m ÷ (CN¥7.1b - CN¥2.5b) (Based on the trailing twelve months to September 2023).
0.17 = CN¥760m ≤(CN¥7.1b-CN¥2.5b) (基于截至2023年9月的过去十二个月)。
Therefore, De Rucci Healthy Sleep has an ROCE of 17%. On its own, that's a standard return, however it's much better than the 7.7% generated by the Consumer Durables industry.
因此,De Rucci健康睡眠的投资回报率为17%。就其本身而言,这是一个标准回报,但它比耐用消费品行业产生的7.7%要好得多。
Check out our latest analysis for De Rucci Healthy Sleep
查看我们对 De Rucci 健康睡眠的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231201/0-997ec24e85bda8c584a40d3ee25f613c-0-c61a42af29f3bd93f47a6693eed1a12f.png/big)
Above you can see how the current ROCE for De Rucci Healthy Sleep 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 De Rucci Healthy Sleep.
在上方你可以看到De Rucci Healthy Sleep的当前投资回报率与之前的资本回报率相比如何,但从过去你能看出来的只有很多。如果你想了解分析师对未来的预测,你应该查看我们关于De Rucci Healthy Sleep的免费报告。
So How Is De Rucci Healthy Sleep's ROCE Trending?
那么 De Rucci 健康睡眠的 ROCE 趋势如何?
When we looked at the ROCE trend at De Rucci Healthy Sleep, we didn't gain much confidence. Over the last four years, returns on capital have decreased to 17% from 39% four years ago. Given the business is employing more capital while revenue has slipped, this is a bit concerning. If this were to continue, you might be looking at a company that is trying to reinvest for growth but is actually losing market share since sales haven't increased.
当我们查看De Rucci Healthy Sleep的ROCE趋势时,我们并没有获得太大的信心。在过去四年中,资本回报率从四年前的39%下降到17%。鉴于该企业在收入下滑的情况下使用了更多的资本,这有点令人担忧。如果这种情况持续下去,你可能会看到一家试图进行再投资以实现增长,但由于销售额没有增加,实际上正在失去市场份额的公司。
On a related note, De Rucci Healthy Sleep has decreased its current liabilities to 36% of total assets. That could partly explain why the ROCE has dropped. What's more, this can reduce some aspects of risk to the business because now the company's suppliers or short-term creditors are funding less of its operations. Since the business is basically funding more of its operations with it's own money, you could argue this has made the business less efficient at generating ROCE.
与此相关的是,De Rucci Healthy Sleep已将其流动负债减少至总资产的36%。这可以部分解释ROCE下降的原因。更重要的是,这可以降低业务风险的某些方面,因为现在该公司的供应商或短期债权人为其运营提供的资金减少了。由于该企业基本上是用自己的资金为更多的业务提供资金,你可能会争辩说,这降低了企业创造投资回报的效率。
The Bottom Line On De Rucci Healthy Sleep's ROCE
De Rucci Healthy Sleep 的 ROCE 的底线
We're a bit apprehensive about De Rucci Healthy Sleep because despite more capital being deployed in the business, returns on that capital and sales have both fallen. And long term shareholders have watched their investments stay flat over the last year. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.
我们对De Rucci Healthy Sleep有点担忧,因为尽管在该业务中部署了更多资金,但资本回报率和销售额均有所下降。去年,长期股东的投资保持平稳。除非这些指标转向更积极的轨迹,否则我们会将目光投向其他地方。
De Rucci Healthy Sleep could be trading at an attractive price in other respects, so you might find our free intrinsic value estimation on our platform quite valuable.
De Rucci Healthy Sleep 在其他方面的交易价格可能具有吸引力,因此您可能会发现我们在我们平台上的免费内在价值估算非常有价值。
While De Rucci Healthy Sleep isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
尽管De Rucci Healthy Sleep的回报率不是最高的,但请查看这份免费清单,列出了资产负债表稳健且股本回报率很高的公司。
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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。