Stanley Agriculture GroupLtd (SZSE:002588) Hasn't Managed To Accelerate Its Returns
Stanley Agriculture GroupLtd (SZSE:002588) Hasn't Managed To Accelerate Its Returns
Did you know there are some financial metrics that can provide clues of a potential 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. Although, when we looked at Stanley Agriculture GroupLtd (SZSE:002588), it didn't seem to tick all of these boxes.
你知道有一些财务指标可以为潜在的多袋装袋者提供线索吗?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。但是,当我们查看斯坦利农业集团有限公司(SZSE:002588)时,它似乎并没有勾选所有这些方框。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(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. The formula for this calculation on Stanley Agriculture GroupLtd is:
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。斯坦利农业集团有限公司的计算公式为:
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)
0.057 = CN¥404m ÷ (CN¥12b - CN¥5.0b) (Based on the trailing twelve months to September 2023).
0.057 = 4.04亿元人民币 ÷(12亿元人民币-50亿元人民币) (基于截至2023年9月的过去十二个月)。
So, Stanley Agriculture GroupLtd has an ROCE of 5.7%. On its own that's a low return on capital but it's in line with the industry's average returns of 5.7%.
因此,斯坦利农业集团有限公司的投资回报率为5.7%。这本身就是很低的资本回报率,但与该行业5.7%的平均回报率一致。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240210/0-171859286045529513c4e769d4293219-0-acae4fd354c6afd476477d5ea4e618b1.png/big)
In the above chart we have measured Stanley Agriculture GroupLtd's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上图中,我们将斯坦利农业集团有限公司之前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果您有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
In terms of Stanley Agriculture GroupLtd's historical ROCE trend, it doesn't exactly demand attention. The company has employed 50% more capital in the last five years, and the returns on that capital have remained stable at 5.7%. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
就斯坦利农业集团有限公司的历史投资回报率趋势而言,这并不完全值得关注。在过去五年中,该公司雇用的资本增加了50%,该资本的回报率一直稳定在5.7%。这种糟糕的投资回报率目前并不能激发信心,随着所用资本的增加,很明显,该企业没有将资金部署到高回报的投资中。
On a side note, Stanley Agriculture GroupLtd's current liabilities are still rather high at 41% of total assets. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.
顺便说一句,斯坦利农业集团有限公司的流动负债仍然相当高,占总资产的41%。这可能会带来一些风险,因为该公司的运营基本上在很大程度上依赖其供应商或其他类型的短期债权人。理想情况下,我们希望看到这种情况减少,因为这将意味着减少承担风险的债务。
In Conclusion...
总之...
Long story short, while Stanley Agriculture GroupLtd has been reinvesting its capital, the returns that it's generating haven't increased. And investors may be recognizing these trends since the stock has only returned a total of 39% to shareholders over the last five years. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
长话短说,尽管斯坦利农业集团有限公司一直在对其资本进行再投资,但其产生的回报并未增加。投资者可能会意识到这些趋势,因为在过去五年中,该股总共只给股东带来了39%的回报。因此,如果您正在寻找多袋机,我们建议您考虑其他选项。
One more thing to note, we've identified 1 warning sign with Stanley Agriculture GroupLtd and understanding it should be part of your investment process.
还有一件事需要注意,我们已经向斯坦利农业集团有限公司确定了一个警告信号,并知道这应该是您投资过程的一部分。
While Stanley Agriculture GroupLtd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
尽管斯坦利农业集团有限公司的回报率并不高,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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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。