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There's Been No Shortage Of Growth Recently For Macmic Science&TechnologyLtd's (SHSE:688711) Returns On Capital

There's Been No Shortage Of Growth Recently For Macmic Science&TechnologyLtd's (SHSE:688711) Returns On Capital

Macmic Science&TechnologyLtd(上海证券交易所代码:688711)的资本回报率最近不乏增长
Simply Wall St ·  03/26 01:19

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base 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. Speaking of which, we noticed some great changes in Macmic Science&TechnologyLtd's (SHSE:688711) returns on capital, so let's have a look.

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?首先,我们想找一个正在成长的 返回 关于已用资本(ROCE),然后除此之外,还不断增加 基础 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。说到这里,我们注意到Macmic Science&TechnologyLtd(上海证券交易所代码:688711)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)

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 Macmic Science&TechnologyLtd:

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 Macmic Science&TechnologyLtd 的值:

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)

0.064 = CN¥114m ÷ (CN¥2.6b - CN¥853m) (Based on the trailing twelve months to December 2023).

0.064 = 1.14亿元人民币 ÷(26亿元人民币-8.53亿元人民币) (基于截至2023年12月的过去十二个月)

Thus, Macmic Science&TechnologyLtd has an ROCE of 6.4%. In absolute terms, that's a low return but it's around the Semiconductor industry average of 5.5%.

因此,Macmic Science&TechnologyLtd的投资回报率为6.4%。从绝对值来看,回报率很低,但约为半导体行业平均水平的5.5%。

roce
SHSE:688711 Return on Capital Employed March 26th 2024
SHSE: 688711 2024 年 3 月 26 日动用资本回报率

In the above chart we have measured Macmic Science&TechnologyLtd'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 analyst report for Macmic Science&TechnologyLtd .

在上图中,我们将Macmic Science&TechnologyLtd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。如果你有兴趣,可以在我们为Macmic Science&TechnologyLtd提供的免费分析师报告中查看分析师的预测。

What Does the ROCE Trend For Macmic Science&TechnologyLtd Tell Us?

Macmic Science&TechnologyLtd 的 ROCE 趋势告诉我们什么?

We're glad to see that ROCE is heading in the right direction, even if it is still low at the moment. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 6.4%. The amount of capital employed has increased too, by 793%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.

我们很高兴看到投资回报率正朝着正确的方向前进,尽管目前投资回报率仍然很低。数字显示,在过去五年中,所用资本的回报率已大幅增长至6.4%。使用的资本金额也增加了793%。这可能表明,内部有很多机会以更高的利率进行资本投资,这种组合在多袋公司中很常见。

The Bottom Line On Macmic Science&TechnologyLtd's ROCE

Macmic Science&TechnologyLtd 投资回报率的底线

To sum it up, Macmic Science&TechnologyLtd has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Given the stock has declined 62% in the last year, this could be a good investment if the valuation and other metrics are also appealing. With that in mind, we believe the promising trends warrant this stock for further investigation.

总而言之,Macmic Science&TechnologyLtd已经证明它可以对业务进行再投资,并从所使用的资本中获得更高的回报,这太棒了。鉴于该股去年下跌了62%,如果估值和其他指标也具有吸引力,这可能是一项不错的投资。考虑到这一点,我们认为前景乐观的趋势值得对该股进行进一步调查。

Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for 688711 that compares the share price and estimated value.

但是,在得出任何结论之前,我们需要知道当前股价将获得什么价值。在这里,您可以查看我们对688711的免费内在价值估算,其中比较了股价和估计价值。

While Macmic Science&TechnologyLtd 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Macmic Science&TechnologyLtd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。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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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