Shenzhen Capchem Technology's (SZSE:300037) Returns Have Hit A Wall
Shenzhen Capchem Technology's (SZSE:300037) Returns Have Hit A Wall
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at Shenzhen Capchem Technology (SZSE:300037), it didn't seem to tick all of these boxes.
如果我们想找到潜在的多袋装袋机,通常有一些潜在的趋势可以提供线索。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。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。但是,当我们查看深圳环球科技(深圳证券交易所代码:300037)时,它似乎并没有勾选所有这些方框。
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 Shenzhen Capchem Technology, 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。要计算深圳新兴科技的这个指标,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)
0.089 = CN¥1.1b ÷ (CN¥18b - CN¥5.3b) (Based on the trailing twelve months to December 2023).
0.089 = 11亿元人民币 ÷(18亿元人民币-5.3亿元人民币) (基于截至2023年12月的过去十二个月)。
Therefore, Shenzhen Capchem Technology has an ROCE of 8.9%. On its own that's a low return, but compared to the average of 5.8% generated by the Chemicals industry, it's much better.
因此,深圳新邦科技的投资回报率为8.9%。就其本身而言,回报率很低,但与化工行业平均5.8%的回报率相比,要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240422/0-4b054753aeb0b8f611c17bfd07f98437-0-97ae02aef887b21c0a96f74579131fe9.png/big)
In the above chart we have measured Shenzhen Capchem Technology'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 Shenzhen Capchem Technology .
在上图中,我们将深圳Capchem Technology先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。如果您有兴趣,可以在我们的深圳Capchem Technology免费分析师报告中查看分析师的预测。
How Are Returns Trending?
退货趋势如何?
In terms of Shenzhen Capchem Technology's historical ROCE trend, it doesn't exactly demand attention. The company has employed 294% more capital in the last five years, and the returns on that capital have remained stable at 8.9%. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
就深圳新兴科技的历史投资回报率趋势而言,这并不完全值得关注。在过去五年中,该公司雇用的资本增加了294%,该资本的回报率一直稳定在8.9%。这种糟糕的投资回报率目前并不能激发信心,随着所用资本的增加,很明显,该企业没有将资金部署到高回报的投资中。
What We Can Learn From Shenzhen Capchem Technology's ROCE
我们可以从深圳新邦科技的ROCE中学到什么
As we've seen above, Shenzhen Capchem Technology's returns on capital haven't increased but it is reinvesting in the business. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 133% gain to shareholders who have held over the last five years. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward.
正如我们在上面看到的,深圳Capchem Technology的资本回报率没有增加,但它正在对业务进行再投资。投资者一定认为会有更好的事情发生,因为该股已经脱颖而出,为在过去五年中持股的股东带来了133%的收益。归根结底,如果潜在的趋势持续下去,我们就不会屏住呼吸了,因为它是未来的 “多管齐下”。
Like most companies, Shenzhen Capchem Technology does come with some risks, and we've found 1 warning sign that you should be aware of.
像大多数公司一样,深圳环邦科技确实存在一些风险,我们发现了一个你应该注意的警告信号。
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。