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The Returns At Sichuan Zhongguang Lightning Protection Technologies (SZSE:300414) Aren't Growing

The Returns At Sichuan Zhongguang Lightning Protection Technologies (SZSE:300414) Aren't Growing

四川中光防雷科技(SZSE: 300414)的回报率没有增长
Simply Wall St ·  02/23 15:02

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. In light of that, when we looked at Sichuan Zhongguang Lightning Protection Technologies (SZSE:300414) and its ROCE trend, we weren't exactly thrilled.

如果我们想找到一只可以长期成倍增长的股票,我们应该寻找哪些潜在趋势?通常,我们希望注意到增长的趋势 返回 在资本使用率(ROCE)方面,除此之外,还在扩大 基础 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。有鉴于此,当我们查看四川中光防雷科技(SZSE: 300414)及其投资回报率趋势时,我们并不十分兴奋。

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. The formula for this calculation on Sichuan Zhongguang Lightning Protection Technologies is:

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。四川中光防雷科技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)

0.03 = CN¥30m ÷ (CN¥1.2b - CN¥203m) (Based on the trailing twelve months to September 2023).

0.03 = 3000万元人民币 ÷(12亿元人民币-2.03亿元人民币) (基于截至2023年9月的过去十二个月)

So, Sichuan Zhongguang Lightning Protection Technologies has an ROCE of 3.0%. Ultimately, that's a low return and it under-performs the Electrical industry average of 6.3%.

因此,四川中光防雷科技的投资回报率为3.0%。归根结底,这是一个低回报,其表现低于电气行业6.3%的平均水平。

roce
SZSE:300414 Return on Capital Employed February 23rd 2024
SZSE: 300414 2024 年 2 月 23 日动用资本回报率

Historical performance is a great place to start when researching a stock so above you can see the gauge for Sichuan Zhongguang Lightning Protection Technologies' ROCE against it's prior returns. If you're interested in investigating Sichuan Zhongguang Lightning Protection Technologies' past further, check out this free graph covering Sichuan Zhongguang Lightning Protection Technologies' past earnings, revenue and cash flow.

历史表现是研究股票的绝佳起点,因此在上方您可以看到四川中光防雷科技的投资回报率与先前回报的对比。如果你有兴趣进一步调查四川中光防雷科技的过去,请查看这张涵盖四川中光防雷科技过去的收益、收入和现金流的免费图表。

How Are Returns Trending?

退货趋势如何?

In terms of Sichuan Zhongguang Lightning Protection Technologies' historical ROCE trend, it doesn't exactly demand attention. Over the past five years, ROCE has remained relatively flat at around 3.0% and the business has deployed 21% more capital into its operations. 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.

就四川中光防雷科技的历史ROCE趋势而言,并不完全值得关注。在过去五年中,投资回报率一直相对持平,约为3.0%,该业务在运营中投入的资金增加了21%。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。

The Bottom Line On Sichuan Zhongguang Lightning Protection Technologies' ROCE

四川中光防雷科技投资回报率的底线

Long story short, while Sichuan Zhongguang Lightning Protection Technologies has been reinvesting its capital, the returns that it's generating haven't increased. And investors appear hesitant that the trends will pick up because the stock has fallen 20% in the last five years. All in all, the inherent trends aren't typical of multi-baggers, so if that's what you're after, we think you might have more luck elsewhere.

长话短说,尽管四川中光防雷科技一直在对其资本进行再投资,但其产生的回报并没有增加。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20%。总而言之,多装袋机的固有趋势并不常见,因此,如果您想要这样做,我们认为您在其他地方可能会有更多的运气。

On a final note, we found 2 warning signs for Sichuan Zhongguang Lightning Protection Technologies (1 is a bit concerning) you should be aware of.

最后,我们发现了四川中光防雷科技的两个警告标志(其中一个有点令人担忧),你应该注意。

While Sichuan Zhongguang Lightning Protection Technologies isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

尽管四川中光防雷科技的回报率并不高,但请查看这份免费的股本回报率高、资产负债表稳健的公司名单。

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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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