Ningbo Huaxiang Electronic (SZSE:002048) Hasn't Managed To Accelerate Its Returns
Ningbo Huaxiang Electronic (SZSE:002048) Hasn't Managed To Accelerate Its Returns
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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, the ROCE of Ningbo Huaxiang Electronic (SZSE:002048) looks decent, right now, so lets see what the trend of returns can tell us.
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。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。考虑到这一点,宁波华翔电子(SZSE:002048)的投资回报率目前看起来不错,所以让我们看看回报趋势能告诉我们什么。
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. Analysts use this formula to calculate it for Ningbo Huaxiang Electronic:
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。分析师使用这个公式来计算宁波华翔电子的利润:
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)
0.11 = CN¥1.8b ÷ (CN¥26b - CN¥10b) (Based on the trailing twelve months to December 2023).
0.11 = 18亿元人民币 ÷(26亿元人民币-10亿元人民币) (基于截至2023年12月的过去十二个月)。
Therefore, Ningbo Huaxiang Electronic has an ROCE of 11%. In absolute terms, that's a satisfactory return, but compared to the Auto Components industry average of 5.8% it's much better.
因此,宁波华翔电子的投资回报率为11%。从绝对值来看,这是一个令人满意的回报,但与汽车零部件行业平均水平的5.8%相比,回报要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240301/0-94922a7b7503f052c27f90871e71f155-0-c9abd3048150c4c36d9fb98543989b41.png/big)
Above you can see how the current ROCE for Ningbo Huaxiang Electronic compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Ningbo Huaxiang Electronic .
上面你可以看到宁波华翔电子当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果你想了解分析师对未来的预测,你应该查看我们为宁波华翔电子提供的免费分析师报告。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
While the returns on capital are good, they haven't moved much. Over the past five years, ROCE has remained relatively flat at around 11% and the business has deployed 54% more capital into its operations. 11% is a pretty standard return, and it provides some comfort knowing that Ningbo Huaxiang Electronic has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
尽管资本回报率不错,但变化不大。在过去的五年中,投资回报率一直保持相对平稳,约为11%,该业务在运营中投入的资本增加了54%。11%的回报率相当标准,知道宁波华翔电子一直赚取这笔钱,这让人感到欣慰。在很长一段时间内,这样的回报可能不会太令人兴奋,但只要保持一致,它们可以在股价回报方面获得回报。
The Bottom Line
底线
In the end, Ningbo Huaxiang Electronic has proven its ability to adequately reinvest capital at good rates of return. However, over the last five years, the stock has only delivered a 19% return to shareholders who held over that period. That's why it could be worth your time looking into this stock further to discover if it has more traits of a multi-bagger.
最终,宁波华翔电子已经证明了其以良好的回报率进行充分资本再投资的能力。但是,在过去五年中,该股票仅为在此期间持股的股东带来了19%的回报。这就是为什么你值得花时间进一步研究这只股票以了解它是否具有更多多袋装的特征。
One more thing, we've spotted 1 warning sign facing Ningbo Huaxiang Electronic that you might find interesting.
还有一件事,我们在宁波华翔电子面前发现了一个警告标志,你可能会觉得有趣。
While Ningbo Huaxiang Electronic isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
尽管宁波华翔电子的回报率并不高,但请查看这份免费清单,列出了资产负债表稳健的股本回报率高的公司。
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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。