Yeal Electric (SZSE:300923) Will Want To Turn Around Its Return Trends
Yeal Electric (SZSE:300923) Will Want To Turn Around Its Return Trends
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Yeal Electric (SZSE:300923), we don't think it's current trends fit the mold of a multi-bagger.
你知道有一些财务指标可以为潜在的多袋人提供线索吗?在一个完美的世界中,我们希望看到一家公司向其业务投入更多资本,理想情况下,从这些资本中获得的回报也在增加。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。但是,在调查了Yeal Electric(深圳证券交易所代码:300923)之后,我们认为其当前的趋势不符合多袋机的模式。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Yeal Electric, this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。要计算 Yeal Electric 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¥28m ÷ (CN¥1.3b - CN¥156m) (Based on the trailing twelve months to September 2023).
0.024 = 2800万元人民币 ÷(13亿元人民币-1.56亿元人民币) (基于截至2023年9月的过去十二个月)。
So, Yeal Electric has an ROCE of 2.4%. Ultimately, that's a low return and it under-performs the Machinery industry average of 6.1%.
因此,Yeal Electric的投资回报率为2.4%。归根结底,这是一个低回报,其表现低于机械行业6.1%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240206/0-7ffc8057a1920c8e6e9133ed0f430f89-0-93378ea385c4fa80a58e08a16867728c.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 Yeal Electric 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Yeal Electric过去的表现,你可以查看这张过去的收益、收入和现金流的免费图表。
What Can We Tell From Yeal Electric's ROCE Trend?
我们可以从Yeal Electric的ROCE趋势中得出什么?
When we looked at the ROCE trend at Yeal Electric, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 2.4% from 10% five years ago. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months, so this could reflect longer term investments. 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.
当我们查看Yeal Electric的投资回报率趋势时,我们并没有获得太大的信心。在过去五年中,资本回报率从五年前的10%下降到2.4%。同时,该业务正在使用更多的资本,但在过去的12个月中,这并没有对销售产生太大影响,因此这可能反映出长期投资。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 Bottom Line
底线
In summary, Yeal Electric is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. Since the stock has declined 57% over the last three years, investors may not be too optimistic on this trend improving either. Therefore based on the analysis done in this article, we don't think Yeal Electric has the makings of a multi-bagger.
总而言之,Yeal Electric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。由于该股在过去三年中下跌了57%,因此投资者对这一趋势的改善可能也不太乐观。因此,根据本文中的分析,我们认为Yeal Electric不具备多装袋机的优势。
If you'd like to know more about Yeal Electric, we've spotted 4 warning signs, and 1 of them is potentially serious.
如果您想进一步了解Yeal Electric,我们已经发现了4个警告信号,其中一个可能很严重。
While Yeal Electric 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Yeal Electric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。在这里查看这个免费清单。
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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。