Returns At Allwinnertech TechnologyLtd (SZSE:300458) Are On The Way Up
Returns At Allwinnertech TechnologyLtd (SZSE:300458) Are On The Way Up
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Allwinnertech TechnologyLtd's (SZSE:300458) returns on capital, so let's have a look.
要找到一只多袋装箱的股票,我们应该在企业中寻找哪些潜在趋势?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。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。说到这里,我们注意到AllwinnerTech TechnologyLtd(深圳证券交易所代码:300458)的资本回报率发生了一些重大变化,所以让我们来看看吧。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for Allwinnertech TechnologyLtd:
如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。分析师使用这个公式来计算 AllwinnerTech TechnologyLtd 的利润:
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)
0.0058 = CN¥17m ÷ (CN¥3.4b - CN¥478m) (Based on the trailing twelve months to December 2023).
0.0058 = 1700万元人民币 ÷(34亿元人民币-4.78亿元人民币) (基于截至2023年12月的过去十二个月)。
Therefore, Allwinnertech TechnologyLtd has an ROCE of 0.6%. In absolute terms, that's a low return and it also under-performs the Semiconductor industry average of 5.8%.
因此,AllwinnerTech TechnologyLtd的投资回报率为0.6%。从绝对值来看,这是一个低回报,其表现也低于半导体行业5.8%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240229/0-1c2b44c0017c45acbc3cc0acfef5f06d-0-de5d2e811e12f9bb3d3dec3dd81a5a11.png/big)
In the above chart we have measured Allwinnertech TechnologyLtd's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Allwinnertech TechnologyLtd for free.
在上图中,我们将Allwinnertech TechnologyLtd先前的投资回报率与之前的表现进行了对比,但可以说,未来更为重要。如果你愿意,你可以免费查看报道Allwinnertech TechnologyLtd的分析师的预测。
So How Is Allwinnertech TechnologyLtd's ROCE Trending?
那么 Allwinnertech TechnologyLtd 的 ROCE 趋势如何呢?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 0.6%. Basically the business is earning more per dollar of capital invested and in addition to that, 32% more capital is being employed now too. So we're very much inspired by what we're seeing at Allwinnertech TechnologyLtd thanks to its ability to profitably reinvest capital.
尽管投资回报率的绝对值仍然很低,但很高兴看到它正朝着正确的方向前进。数字显示,在过去五年中,所用资本的回报率已大幅增长至0.6%。基本上,企业每投资1美元的资本就能获得更多的收入,除此之外,现在使用的资本也增加了32%。因此,我们在Allwinnertech TechnologyLtd所看到的情况给我们带来了极大的启发,这要归功于它能够盈利地进行资本再投资。
The Key Takeaway
关键要点
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Allwinnertech TechnologyLtd has. Since the stock has returned a solid 46% to shareholders over the last five years, it's fair to say investors are beginning to recognize these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
一家资本回报率不断提高且能够持续进行自我再投资的公司是一个备受追捧的特征,而这正是Allwinnertech TechnologyLtd所拥有的。由于该股在过去五年中为股东带来了稳定的46%的回报,因此可以公平地说,投资者开始意识到这些变化。因此,我们认为值得您花时间检查这些趋势是否会持续下去。
On a final note, we've found 2 warning signs for Allwinnertech TechnologyLtd that we think you should be aware of.
最后,我们发现了Allwinnertech TechnologyLtd的两个警告信号,我们认为你应该注意这些信号。
While Allwinnertech TechnologyLtd 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Allwinnertech TechnologyLtd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%的公司清单。在这里查看这个免费清单。
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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。