Investors Met With Slowing Returns on Capital At Wuxi New Hongtai Electrical TechnologyLtd (SHSE:603016)
Investors Met With Slowing Returns on Capital At Wuxi New Hongtai Electrical TechnologyLtd (SHSE:603016)
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think Wuxi New Hongtai Electrical TechnologyLtd (SHSE:603016) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
如果我们想确定下一个多功能装袋机,有一些关键趋势需要关注。首先,我们希望看到经过验证的 返回 关于正在增加的资本使用率(ROCE),其次是扩大 基础 所用资本的比例。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。但是,在简要看了这些数字之后,我们认为无锡新宏泰电气技术有限公司(SHSE: 603016)在未来不具备多装袋机的实力,但让我们来看看为什么会这样。
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. To calculate this metric for Wuxi New Hongtai Electrical TechnologyLtd, this is the formula:
如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。要计算无锡新宏泰电气科技有限公司的这个指标,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)
0.078 = CN¥66m ÷ (CN¥1.0b - CN¥177m) (Based on the trailing twelve months to September 2023).
0.078 = CN¥66m ≤(CN¥1.0B-CN¥177m) (基于截至2023年9月的过去十二个月)。
So, Wuxi New Hongtai Electrical TechnologyLtd has an ROCE of 7.8%. 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,无锡新宏泰电气科技有限公司的投资回报率为7.8%。就其本身而言,回报率很低,但与电气行业6.3%的平均回报率相比,要好得多。
See our latest analysis for Wuxi New Hongtai Electrical TechnologyLtd
查看我们对无锡新宏泰电气科技有限公司的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231215/0-0cb67f511c3727aa483ff010eb1d8cc8-0-1edabc4d30e241d72bbe2099c502e252.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Wuxi New Hongtai Electrical TechnologyLtd's ROCE against it's prior returns. If you want to delve into the historical earnings, revenue and cash flow of Wuxi New Hongtai Electrical TechnologyLtd, check out these free graphs here.
历史表现是研究股票的绝佳起点,因此在上面你可以看到无锡新宏泰电气科技有限公司的投资回报率与先前回报的对比。如果您想深入了解无锡新宏泰电气科技有限公司的历史收益、收入和现金流,请在此处查看这些免费图表。
What Does the ROCE Trend For Wuxi New Hongtai Electrical TechnologyLtd Tell Us?
无锡新宏泰电气科技有限公司的ROCE趋势告诉我们什么?
Things have been pretty stable at Wuxi New Hongtai Electrical TechnologyLtd, with its capital employed and returns on that capital staying somewhat the same for the last five years. Businesses with these traits tend to be mature and steady operations because they're past the growth phase. So unless we see a substantial change at Wuxi New Hongtai Electrical TechnologyLtd in terms of ROCE and additional investments being made, we wouldn't hold our breath on it being a multi-bagger.
无锡新宏泰电气科技有限公司的情况一直相当稳定,在过去五年中,其资本利用率和资本回报率基本保持不变。具有这些特征的企业往往是成熟而稳定的运营,因为它们已经过了增长阶段。因此,除非我们看到无锡新宏泰电气科技有限公司在投资回报率方面发生重大变化并进行额外投资,否则我们不会屏住呼吸成为一家多口袋公司。
The Bottom Line On Wuxi New Hongtai Electrical TechnologyLtd's ROCE
无锡新宏泰电气技术有限公司 ROCE 的底线
In a nutshell, Wuxi New Hongtai Electrical TechnologyLtd has been trudging along with the same returns from the same amount of capital over the last five years. Since the stock has gained an impressive 55% over the last five years, investors must think there's better things to come. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.
简而言之,在过去的五年中,无锡新宏泰电气科技有限公司一直在努力从相同数额的资本中获得相同的回报。由于该股在过去五年中上涨了55%,令人印象深刻,因此投资者必须认为未来会有更好的事情。但是,除非这些潜在趋势变得更加乐观,否则我们的希望不会过高。
One more thing, we've spotted 1 warning sign facing Wuxi New Hongtai Electrical TechnologyLtd that you might find interesting.
还有一件事,我们发现了无锡新宏泰电气科技有限公司面前的1个警告标志,你可能会觉得很有趣。
While Wuxi New Hongtai Electrical TechnologyLtd 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.
尽管无锡新宏泰电气科技有限公司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。在这里查看这份免费清单。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。