Returns On Capital Signal Difficult Times Ahead For GUILIN FUDALtd (SHSE:603166)
Returns On Capital Signal Difficult Times Ahead For GUILIN FUDALtd (SHSE:603166)
What underlying fundamental trends can indicate that a company might be in decline? Businesses in decline often have two underlying trends, firstly, a declining return on capital employed (ROCE) and a declining base of capital employed. This indicates the company is producing less profit from its investments and its total assets are decreasing. And from a first read, things don't look too good at GUILIN FUDALtd (SHSE:603166), so let's see why.
哪些潜在的基本面趋势可以表明一家公司可能正在下滑?衰退的企业通常有两个潜在趋势,第一,下滑 返回 论资本使用率(ROCE)和下降情况 基础 已动用资本的百分比。这表明该公司从投资中获得的利润减少了,其总资产也在减少。从第一读来看,桂林富达尔特(SHSE: 603166)的情况看起来不太好,所以让我们看看为什么。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(ROCE)?
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. To calculate this metric for GUILIN FUDALtd, this is the formula:
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。要计算桂林富达的这个指标,公式如下:
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)
0.024 = CN¥60m ÷ (CN¥3.4b - CN¥956m) (Based on the trailing twelve months to September 2023).
0.024 = 人民币 600 万元 ≤(CN¥3.4b-cn¥956 m) (基于截至2023年9月的过去十二个月)。
Therefore, GUILIN FUDALtd has an ROCE of 2.4%. Ultimately, that's a low return and it under-performs the Auto Components industry average of 5.8%.
因此,桂林富达的投资回报率为2.4%。归根结底,这是一个低回报,其表现低于汽车零部件行业5.8%的平均水平。
Check out our latest analysis for GUILIN FUDALtd
看看我们对桂林 FudalTD 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231209/0-bc81f90eb6bb9b4f312893088471930c-0-a4a7dfa5d1a460edf305091d6ea147cf.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 GUILIN FUDALtd, 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。如果您想深入了解桂林富达的历史收益、收入和现金流,请在此处查看这些免费图表。
What Can We Tell From GUILIN FUDALtd's ROCE Trend?
我们可以从桂林富达的投资回报率趋势中看出什么?
We are a bit worried about the trend of returns on capital at GUILIN FUDALtd. Unfortunately the returns on capital have diminished from the 4.7% that they were earning five years ago. On top of that, it's worth noting that the amount of capital employed within the business has remained relatively steady. Companies that exhibit these attributes tend to not be shrinking, but they can be mature and facing pressure on their margins from competition. If these trends continue, we wouldn't expect GUILIN FUDALtd to turn into a multi-bagger.
我们对桂林富达的资本回报率趋势有些担忧。不幸的是,资本回报率已从五年前的4.7%下降。最重要的是,值得注意的是,企业内部使用的资本量一直保持相对稳定。表现出这些特性的公司往往不会萎缩,但它们可能已经成熟,面临来自竞争的利润压力。如果这些趋势继续下去,我们预计桂林富达不会变成一家多功能公司。
The Key Takeaway
关键要点
In summary, it's unfortunate that GUILIN FUDALtd is generating lower returns from the same amount of capital. Investors must expect better things on the horizon though because the stock has risen 39% in the last five years. Either way, we aren't huge fans of the current trends and so with that we think you might find better investments elsewhere.
总而言之,不幸的是,桂林富达有限责任公司从相同数量的资本中获得的回报较低。但是,投资者必须期待即将出现更好的情况,因为该股在过去五年中上涨了39%。无论哪种方式,我们都不是当前趋势的忠实拥护者,因此,我们认为您可能会在其他地方找到更好的投资。
On a final note, we found 3 warning signs for GUILIN FUDALtd (1 is concerning) you should be aware of.
最后一点,我们发现了桂林富达的3个警告标志(其中一个令人担忧),你应该注意。
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。