Longhua Technology GroupLtd (SZSE:300263) Hasn't Managed To Accelerate Its Returns
Longhua Technology GroupLtd (SZSE:300263) Hasn't Managed To Accelerate Its Returns
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think Longhua Technology GroupLtd (SZSE:300263) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。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。归根结底,这表明这是一家以更高的回报率对利润进行再投资的企业。但是,在简短地查看了这些数字之后,我们认为龙华科技集团有限公司(SZSE: 300263)在未来不具备多装袋机的实力,但让我们来看看为什么会这样。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(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. To calculate this metric for Longhua Technology GroupLtd, this is the formula:
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)。要计算龙华科技集团有限公司的这一指标,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)
0.036 = CN¥157m ÷ (CN¥6.1b - CN¥1.7b) (Based on the trailing twelve months to June 2023).
0.036 = 1.57亿元人民币 ÷(61亿元人民币-17亿元人民币) (基于截至 2023 年 6 月的过去十二个月)。
Therefore, Longhua Technology GroupLtd has an ROCE of 3.6%. Ultimately, that's a low return and it under-performs the Machinery industry average of 6.1%.
因此,龙华科技集团有限公司的投资回报率为3.6%。归根结底,这是一个低回报,其表现低于机械行业6.1%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240328/0-5b5aaad706a40415edd98b3e1ebfc423-0-8aad17cbb5cebdb70026da24ce243fed.png/big)
Above you can see how the current ROCE for Longhua Technology GroupLtd compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Longhua Technology GroupLtd for free.
上面你可以看到龙华科技集团有限公司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。如果你愿意,你可以免费查看报道龙华科技集团有限公司的分析师的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
There are better returns on capital out there than what we're seeing at Longhua Technology GroupLtd. The company has employed 59% more capital in the last five years, and the returns on that capital have remained stable at 3.6%. 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.
那里的资本回报比我们在龙华科技集团看到的要好。在过去五年中,该公司雇用的资本增加了59%,该资本的回报率一直稳定在3.6%。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。
Our Take On Longhua Technology GroupLtd's ROCE
我们对龙华科技集团有限公司投资回报率的看法
In summary, Longhua Technology GroupLtd has simply been reinvesting capital and generating the same low rate of return as before. And in the last five years, the stock has given away 11% so the market doesn't look too hopeful on these trends strengthening any time soon. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
总而言之,龙华科技集团有限公司只是在进行资本再投资,并产生了与以前一样低的回报率。在过去的五年中,该股已经下跌了11%,因此市场对这些趋势在短期内走强似乎并不抱太大希望。无论如何,该股票不具有上面讨论的多袋装股票的特征,因此,如果您正在寻找这种特征,我们认为您在其他地方会更幸运。
On a final note, we've found 1 warning sign for Longhua Technology GroupLtd that we think you should be aware of.
最后,我们发现了龙华科技集团有限公司的1个警告信号,我们认为您应该注意这一点。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。
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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。