There's Been No Shortage Of Growth Recently For Wuxi ETEK MicroelectronicsLtd's (SHSE:688601) Returns On Capital
There's Been No Shortage Of Growth Recently For Wuxi ETEK MicroelectronicsLtd's (SHSE:688601) 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. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Wuxi ETEK MicroelectronicsLtd (SHSE:688601) looks quite promising in regards to its trends of return on capital.
如果你不确定在寻找下一个翻倍股时应该从哪里入手,那么你应该注意一些关键趋势。在一个完美的世界里,我们期望看到一家公司对其业务进行更多的投资,理想情况下,从资本中获取的回报也在增加。基本上这意味着一个公司具有利润丰厚的项目,这些项目它可以继续投资,这是一个复合机的特性。所以从这个角度来看,无锡中微电子股份有限公司 (SHSE:688601) 看起来很有前途,因为它的资本回报率的趋势看起来很不错。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源现行ROCE与之前资本回报的比较,但过去只能知道这么多。如果您感兴趣,可以查看我们免费的蒙托克可再生能源分析师报告,了解分析师的预测。
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 Wuxi ETEK MicroelectronicsLtd, this is the formula:
如果你之前没有使用过 ROCE 指标,那么它衡量一家公司从所使用的资本中产生的收益(税前利润)。而计算无锡中微电子股份有限公司的这个指标,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率(ROCE)是指企业利润,即企业税前利润除以企业投入的总资本(负债加股权)。如果ROCE高于企业财务成本的承受能力,那么企业就会创造出更多的价值。
0.15 = CN¥206m ÷ (CN¥1.5b - CN¥97m) (Based on the trailing twelve months to March 2024).
0.15 = 2.06亿元 ÷ (15亿元 - 9700万元)在Elevance Health上,我们已经注意到的趋势是相当令人放心的。数据显示,过去五年资产回报率大幅提高至15%。投资所用资产的规模也增加了30%。这表明有很多机会进行内部资本投资,并以更高的速度不断增长,这种组合在多倍增长方面很常见。.
Thus, Wuxi ETEK MicroelectronicsLtd has an ROCE of 15%. In absolute terms, that's a satisfactory return, but compared to the Semiconductor industry average of 4.3% it's much better.
因此,无锡中微电子股份有限公司的 ROCE 为 15%。绝对来说,这是一个令人满意的回报,但与半导体行业平均水平 4.3% 相比,它要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240513/0-438b3857b4855324f4d5ada91e935258-0-21fe94fc36eb559f37ef6e1a6dfdedb9.png/big)
In the above chart we have measured Wuxi ETEK MicroelectronicsLtd'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 Wuxi ETEK MicroelectronicsLtd .
在上面的图表中,我们已经测量了无锡中微电子股份有限公司以往的资本回报率与以往的表现,但未来的表现可能更加重要。如果你感兴趣,你可以在我们为无锡中微电子股份有限公司提供的免费分析师报告中查看分析师们的预测。
How Are Returns Trending?
综合上述,Cimpress非常有效地提高了其资本利用率所产生的回报。考虑到股票过去五年保持稳定,如果其他指标也不错,则可能存在机会。因此,进一步研究这家公司并确定这些趋势是否会持续是合理的。
We like the trends that we're seeing from Wuxi ETEK MicroelectronicsLtd. Over the last five years, returns on capital employed have risen substantially to 15%. Basically the business is earning more per dollar of capital invested and in addition to that, 435% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
我们很喜欢从无锡中微电子股份有限公司看到的趋势。在过去的五年中,资本回报率已经大幅上升至 15%。基本上,该企业的每一美元投资所获得的回报增加了,此外现在还使用了 435% 更多的资本。增长的资本回报率是多倍增长者经常出现的现象,这就是我们为什么印象深刻的原因。
On a related note, the company's ratio of current liabilities to total assets has decreased to 6.5%, which basically reduces it's funding from the likes of short-term creditors or suppliers. So shareholders would be pleased that the growth in returns has mostly come from underlying business performance.
另外,公司的流动负债占总资产的比例已降至 6.5%,这基本上减少了其资金来源于短期债权人或供应商的资金。因此,股东会高兴地看到回报增长主要来自于基础业绩。
The Bottom Line On Wuxi ETEK MicroelectronicsLtd's ROCE
关于无锡中微电子股份有限公司的资本回报率的底线
All in all, it's terrific to see that Wuxi ETEK MicroelectronicsLtd is reaping the rewards from prior investments and is growing its capital base. Since the total return from the stock has been almost flat over the last year, there might be an opportunity here if the valuation looks good. So researching this company further and determining whether or not these trends will continue seems justified.
总的来说,看到无锡中微电子股份有限公司正在从之前的投资中获得回报并且正在扩大其资本基础,这是很棒的。由于股票的总回报在过去一年中几乎持平,如果估值合理,那么可能会存在机会。因此,进一步研究这家公司并确定这些趋势是否会继续似乎是有道理的。
Like most companies, Wuxi ETEK MicroelectronicsLtd does come with some risks, and we've found 2 warning signs that you should be aware of.
就像大多数公司一样,无锡中微电子股份有限公司也存在一些风险,我们已经发现了 2 个警示信号,你应该注意一下。
While Wuxi ETEK MicroelectronicsLtd 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.
虽然无锡中微电子股份有限公司目前的回报并不是最高的,但我们已经编制了一份比目前 ROE 回报率高于 25% 的公司名单。在这里查看这个免费名单。
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