Returns Are Gaining Momentum At Juli Sling (SZSE:002342)
Returns Are Gaining Momentum At Juli Sling (SZSE:002342)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Juli Sling's (SZSE:002342) returns on capital, so let's have a look.
我们应该寻找哪些趋势?我们想确定可以长期价值成倍增长的股票?一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 所用资本的比例。如果你看到这一点,这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。说到这里,我们注意到Juli Sling(深圳证券交易所:002342)的资本回报率发生了一些重大变化,所以让我们来看看吧。
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. The formula for this calculation on Juli Sling is:
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)。在 Juli Sling 上进行此计算的公式为:
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)
0.012 = CN¥33m ÷ (CN¥4.8b - CN¥2.0b) (Based on the trailing twelve months to September 2023).
0.012 = 3300万元人民币 ÷(4.8亿元人民币-2.0亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Juli Sling has an ROCE of 1.2%. Ultimately, that's a low return and it under-performs the Metals and Mining industry average of 6.6%.
因此,Juli Sling的投资回报率为1.2%。归根结底,这是一个低回报,其表现低于金属和采矿业6.6%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240419/0-d2bd5de4bdb3bb878aff8d8066241f50-0-ca780e075064efcbc1b47cb70bbed560.png/big)
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Juli Sling.
虽然过去并不能代表未来,但了解一家公司的历史表现可能会有所帮助,这就是我们上面有这张图表的原因。如果您想深入研究历史收益,请查看这些免费图表,详细说明Juli Sling的收入和现金流表现。
What Does the ROCE Trend For Juli Sling Tell Us?
Juli Sling的投资回报率趋势告诉我们什么?
We're delighted to see that Juli Sling is reaping rewards from its investments and has now broken into profitability. While the business was unprofitable in the past, it's now turned things around and is earning 1.2% on its capital. On top of that, what's interesting is that the amount of capital being employed has remained steady, so the business hasn't needed to put any additional money to work to generate these higher returns. That being said, while an increase in efficiency is no doubt appealing, it'd be helpful to know if the company does have any investment plans going forward. Because in the end, a business can only get so efficient.
我们很高兴看到Juli Sling从其投资中获得回报,现在已经实现盈利。尽管该业务过去无利可图,但现在已经扭转了局面,其资本收益为1.2%。最重要的是,有趣的是,所使用的资本金额一直保持稳定,因此该企业无需投入任何额外资金来创造更高的回报。话虽如此,尽管效率的提高无疑很有吸引力,但了解该公司未来是否有任何投资计划会很有帮助。因为归根结底,企业只能变得如此高效。
On a side note, Juli Sling's current liabilities are still rather high at 42% of total assets. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
顺便说一句,Juli Sling的流动负债仍然相当高,占总资产的42%。这实际上意味着供应商(或短期债权人)正在为业务的很大一部分提供资金,因此请注意,这可能会带来一些风险因素。虽然这不一定是坏事,但如果这个比率较低,可能会有好处。
The Key Takeaway
关键要点
To bring it all together, Juli Sling has done well to increase the returns it's generating from its capital employed. Astute investors may have an opportunity here because the stock has declined 24% in the last five years. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
综上所述,Juli Sling在提高其使用资本产生的回报方面做得很好。精明的投资者可能在这里有机会,因为该股在过去五年中下跌了24%。既然如此,对公司当前估值指标和未来前景的研究似乎很合适。
On a separate note, we've found 2 warning signs for Juli Sling you'll probably want to know about.
另一方面,我们发现了你可能想知道的两个 Juli Sling 的警告信号。
While Juli Sling 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Juli Sling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%的公司名单。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。