Be Wary Of Winning Health Technology Group (SZSE:300253) And Its Returns On Capital
Be Wary Of Winning Health Technology Group (SZSE:300253) And Its Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at Winning Health Technology Group (SZSE:300253) and its ROCE trend, we weren't exactly thrilled.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。理想情况下,企业将表现出两种趋势;首先是增长 返回 论资本使用率(ROCE),其次是增加 金额 所用资本的比例。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。有鉴于此,当我们研究Winning Health Technology Group(深圳证券交易所代码:300253)及其投资回报率趋势时,我们并不十分兴奋。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (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. To calculate this metric for Winning Health Technology Group, this is the formula:
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。要计算 Winning Health Technology Group 的这一指标,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)
0.023 = CN¥149m ÷ (CN¥7.9b - CN¥1.4b) (Based on the trailing twelve months to September 2023).
0.023 = 1.49亿元人民币 ÷(79亿元人民币-14亿元人民币) (基于截至2023年9月的过去十二个月)。
So, Winning Health Technology Group has an ROCE of 2.3%. In absolute terms, that's a low return and it also under-performs the Healthcare Services industry average of 11%.
因此,威宁健康科技集团的投资回报率为2.3%。从绝对值来看,这是一个低回报,其表现也低于医疗服务行业11%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240322/0-f5c41a1fb959674a1703cd3265cb48d7-0-5aedae36fa514dee64350457ba18ea7a.png/big)
In the above chart we have measured Winning Health Technology Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Winning Health Technology Group .
在上图中,我们将Winning Health Technology Group之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。如果你想了解分析师对未来的预测,你应该查看我们为Winning Health Technology Group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
When we looked at the ROCE trend at Winning Health Technology Group, we didn't gain much confidence. To be more specific, ROCE has fallen from 11% over the last five years. 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 may take some time before the company starts to see any change in earnings from these investments.
当我们查看Winning Health Technology Group的投资回报率趋势时,我们并没有获得太大的信心。更具体地说,投资回报率已从过去五年的11%下降了。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。公司可能需要一段时间才能开始看到这些投资的收益发生任何变化。
Our Take On Winning Health Technology Group's ROCE
我们对赢家健康科技集团投资回报率的看法
To conclude, we've found that Winning Health Technology Group is reinvesting in the business, but returns have been falling. Since the stock has declined 27% over the last five years, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.
总而言之,我们发现Winning Health Technology Group正在对该业务进行再投资,但回报率一直在下降。由于该股在过去五年中下跌了27%,因此投资者对这一趋势的改善可能也不太乐观。总的来说,我们对潜在趋势的启发不大,我们认为在其他地方找到多袋装机的可能性更大。
On a final note, we've found 2 warning signs for Winning Health Technology Group that we think you should be aware of.
最后,我们发现了Winning Health Technology Group的两个警告信号,我们认为你应该注意这些信号。
While Winning Health Technology Group 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Winning Health Technology Group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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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。