Be Wary Of Landai Technology Group (SZSE:002765) And Its Returns On Capital
Be Wary Of Landai Technology Group (SZSE:002765) And Its Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after investigating Landai Technology Group (SZSE:002765), we don't think it's current trends fit the mold of a multi-bagger.
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?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。如果你看到这一点,这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。但是,在调查了蓝代科技集团(SZSE:002765)之后,我们认为目前的趋势不符合多袋机的模式。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Landai Technology Group, this is the formula:
为了澄清一下你是否不确定,ROCE是评估公司从投资于其业务的资本中获得多少税前收入(按百分比计算)的指标。要计算兰黛科技集团的这一指标,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)
0.0067 = CN¥25m ÷ (CN¥5.4b - CN¥1.6b) (Based on the trailing twelve months to September 2023).
0.0067 = 2,500万元人民币 ÷(54亿元人民币——16亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Landai Technology Group has an ROCE of 0.7%. In absolute terms, that's a low return and it also under-performs the Auto Components industry average of 5.8%.
因此,蓝代科技集团的投资回报率为0.7%。从绝对值来看,这是一个低回报,其表现也低于汽车零部件行业平均水平的5.8%。
Check out our latest analysis for Landai Technology Group
查看我们对蓝戴科技集团的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240131/0-346f132da2a6e65a24a928891a4ba4dd-0-a1145d32e3f543df323f24a6061e475f.png/big)
Above you can see how the current ROCE for Landai Technology Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Landai Technology Group here for free.
上面你可以看到兰代科技集团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。如果你愿意,可以在这里免费查看报道兰黛科技集团的分析师的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
We weren't thrilled with the trend because Landai Technology Group's ROCE has reduced by 87% over the last five years, while the business employed 104% more capital. Usually this isn't ideal, but given Landai Technology Group conducted a capital raising before their most recent earnings announcement, that would've likely contributed, at least partially, to the increased capital employed figure. Landai Technology Group probably hasn't received a full year of earnings yet from the new funds it raised, so these figures should be taken with a grain of salt.
我们对这一趋势并不感到兴奋,因为兰代科技集团的投资回报率在过去五年中下降了87%,而该业务使用的资本增加了104%。通常,这并不理想,但鉴于兰代科技集团在发布最新财报之前进行了融资,这可能至少部分地促进了已动用资本数字的增加。蓝代科技集团可能尚未从其筹集的新资金中获得整整一年的收益,因此这些数字应该稍加考虑。
Our Take On Landai Technology Group's ROCE
我们对兰代科技集团投资回报率的看法
Bringing it all together, while we're somewhat encouraged by Landai Technology Group's reinvestment in its own business, we're aware that returns are shrinking. And investors appear hesitant that the trends will pick up because the stock has fallen 21% 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.
综上所述,尽管兰代科技集团对自有业务的再投资使我们感到有些鼓舞,但我们意识到回报正在萎缩。投资者似乎对趋势的回升犹豫不决,因为该股在过去五年中下跌了21%。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。
On a final note, we found 4 warning signs for Landai Technology Group (1 can't be ignored) you should be aware of.
最后,我们发现了兰代科技集团的4个警告信号(其中1个不容忽视),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。