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Returns On Capital At Lianhe Chemical TechnologyLtd (SZSE:002250) Have Hit The Brakes

Returns On Capital At Lianhe Chemical TechnologyLtd (SZSE:002250) Have Hit The Brakes

联和化工科技有限公司(深圳证券交易所:002250)的资本回报率已经停滞不前
Simply Wall St ·  01/09 14:38

What are the early trends we should look for to identify a stock that could multiply in value over the long term? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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. Although, when we looked at Lianhe Chemical TechnologyLtd (SZSE:002250), it didn't seem to tick all of these boxes.

我们应该寻找哪些早期趋势来确定一只可能长期价值成倍增长的股票?除其他外,我们希望看到两件事;首先,成长 返回 论资本使用率(ROCE),其次是公司的扩张 金额 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,当我们查看联和化工科技有限公司(深圳证券交易所:002250)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 Lianhe Chemical TechnologyLtd:

对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。分析师使用以下公式来计算联和化工科技有限公司的计算公式:

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¥248m ÷ (CN¥14b - CN¥3.9b) (Based on the trailing twelve months to September 2023).

0.024 = 2.48亿元人民币 ÷(14亿元人民币-39亿元人民币) (基于截至2023年9月的过去十二个月)

Thus, Lianhe Chemical TechnologyLtd has an ROCE of 2.4%. Ultimately, that's a low return and it under-performs the Chemicals industry average of 5.5%.

因此,联和化工科技有限公司的投资回报率为2.4%。归根结底,这是一个低回报,其表现低于化工行业5.5%的平均水平。

Check out our latest analysis for Lianhe Chemical TechnologyLtd

查看我们对联和化工科技有限公司的最新分析

roce
SZSE:002250 Return on Capital Employed January 9th 2024
SZSE: 002250 2024 年 1 月 9 日动用资本回报率

Above you can see how the current ROCE for Lianhe Chemical TechnologyLtd 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 Lianhe Chemical TechnologyLtd.

上面你可以看到联和化工科技有限公司当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果你想了解分析师对未来的预测,你应该查看我们为联和化工科技有限公司提供的免费报告。

What Does the ROCE Trend For Lianhe Chemical TechnologyLtd Tell Us?

联和化工科技有限公司的投资回报率趋势告诉我们什么?

The returns on capital haven't changed much for Lianhe Chemical TechnologyLtd in recent years. The company has employed 78% more capital in the last five years, and the returns on that capital have remained stable at 2.4%. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital.

近年来,联和化工科技有限公司的资本回报率没有太大变化。在过去五年中,该公司雇用的资本增加了78%,该资本的回报率一直稳定在2.4%。鉴于该公司增加了动用资本金额,看来已经进行的投资根本无法提供很高的资本回报率。

What We Can Learn From Lianhe Chemical TechnologyLtd's ROCE

我们可以从联和化工科技有限公司的ROCE中学到什么

In conclusion, Lianhe Chemical TechnologyLtd has been investing more capital into the business, but returns on that capital haven't increased. And investors appear hesitant that the trends will pick up because the stock has fallen 25% in the last five years. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.

总之,联和化工科技有限公司一直在向该业务投入更多资金,但该资本的回报率并未增加。投资者似乎对趋势能否回升犹豫不决,因为该股在过去五年中下跌了25%。总的来说,我们对潜在趋势的启发不大,我们认为在其他地方找到多袋装机的可能性更大。

If you want to continue researching Lianhe Chemical TechnologyLtd, you might be interested to know about the 3 warning signs that our analysis has discovered.

如果你想继续研究联和化工科技有限公司,你可能有兴趣了解我们的分析发现的3个警告信号。

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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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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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