Returns On Capital At Suntak TechnologyLtd (SZSE:002815) Paint A Concerning Picture
Returns On Capital At Suntak TechnologyLtd (SZSE:002815) Paint A Concerning Picture
There are a few key trends to look for if we want to identify the next multi-bagger. 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, from a first glance at Suntak TechnologyLtd (SZSE:002815) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
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。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。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。话虽如此,从崇达科技有限公司(SZSE:002815)的第一眼来看,我们并不是对回报趋势不屑一顾,但让我们更深入地了解一下。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (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 Suntak TechnologyLtd, this is the formula:
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。要计算Suntak TechnologyLtd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)
0.077 = CN¥736m ÷ (CN¥12b - CN¥2.5b) (Based on the trailing twelve months to September 2023).
0.077 = 7.36亿元人民币 ÷(12亿元人民币-2.5亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Suntak TechnologyLtd has an ROCE of 7.7%. On its own that's a low return, but compared to the average of 5.0% generated by the Electronic industry, it's much better.
因此,崇达科技有限公司的投资回报率为7.7%。就其本身而言,回报率很低,但与电子行业平均5.0%的回报率相比,要好得多。
Check out our latest analysis for Suntak TechnologyLtd
查看我们对Suntak TechnologyLtd的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240201/0-7ad5dd42d27afa3d1f809d84770d0fff-0-6bb0fab8abc8bcec8c221d9bf19b08c8.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'd like to look at how Suntak TechnologyLtd has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.
虽然过去并不能代表未来,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。如果你想在其他指标中查看Suntak TechnologyLtd过去的表现,你可以查看这张过去收益、收入和现金流的免费图表。
So How Is Suntak TechnologyLtd's ROCE Trending?
那么崇达科技有限公司的投资回报率趋势如何呢?
On the surface, the trend of ROCE at Suntak TechnologyLtd doesn't inspire confidence. To be more specific, ROCE has fallen from 19% over the last five years. However it looks like Suntak TechnologyLtd might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.
从表面上看,崇达科技有限公司的投资回报率趋势并不能激发信心。更具体地说,投资回报率已从过去五年的19%下降了。但是,看来Suntak TechnologyLtd可能正在进行再投资以实现长期增长,因为尽管动用资本有所增加,但该公司的销售额在过去12个月中没有太大变化。从现在起,值得关注公司的收益,看看这些投资最终是否确实为利润做出了贡献。
The Key Takeaway
关键要点
In summary, Suntak TechnologyLtd is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And investors appear hesitant that the trends will pick up because the stock has fallen 38% in the last five years. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
总而言之,Suntak TechnologyLtd正在将资金再投资到该业务中以实现增长,但不幸的是,销售额似乎还没有太大增长。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38%。无论如何,该股票不具有上面讨论的多袋装股票的特征,因此,如果您正在寻找这种特征,我们认为您在其他地方会更幸运。
If you'd like to know about the risks facing Suntak TechnologyLtd, we've discovered 2 warning signs that you should be aware of.
如果您想了解Suntak TechnologyLtd面临的风险,我们发现了两个警告信号,您应该注意。
While Suntak TechnologyLtd 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Suntak TechnologyLtd的回报率并不高,但请查看这份免费的股票回报率高、资产负债表稳健的公司名单。
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