SonoScape Medical (SZSE:300633) Will Want To Turn Around Its Return Trends
SonoScape Medical (SZSE:300633) Will Want To Turn Around Its Return Trends
0.12 = CN¥391m ÷ (CN¥4.0b - CN¥732m) (Based on the trailing twelve months to March 2024).If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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 SonoScape Medical (SZSE:300633), it didn't seem to tick all of these boxes.
如果你正在寻找一个多包裹公司，有几件事情要注意。 其中之一是，我们希望看到两件事情。 首先是，投入资本要不断增长。 基本上这意味着一家公司有盈利的项目，可以继续投资，这是一个复合机器的特征。然而，当我们看着松下医疗设备（SZSE：300633）时，它似乎没有满足所有这些条件。资产回报率：它是什么？如果您不确定ROCE是什么，它可以衡量公司能够从其业务所雇用的资本产生多少税前利润。为了计算V2X的这个指数，使用以下公式:0.054 = 1.24亿美元÷（31亿美元 - 8.53亿美元）ROCE 趋势可以告诉我们什么？比起 Enphase Energy，有更好的资本回报率选择。在过去的五年中，该公司增加了 1,306% 的资本，而该资本的回报率保持稳定在 9.9%。这样差的回报率现在并不令人信服，而且随着资本的增加，很明显企业并没有将资金投入到高回报的投资中。对于那些不了解的人，ROCE是衡量公司年度税前利润（它的回报率）与业务中所使用的资本之间关系的一个指标。 在SonoScape Medical的计算公式是：
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。
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on SonoScape Medical is:
0.12 = CN¥391m ÷ （CN¥4.0b - CN¥732m）
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。
0.12 = CN¥391m ÷ (CN¥4.0b - CN¥732m) (Based on the trailing twelve months to March 2024).
因此，松下医疗设备的ROCE为12％。 独自看来，这是一个标准回报，但它比医疗设备行业的6.4％要好得多。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, SonoScape Medical has an ROCE of 12%. On its own, that's a standard return, however it's much better than the 6.4% generated by the Medical Equipment industry.
SZSE：300633资本回报率2024年5月27日
In the above chart we have measured SonoScape Medical's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering SonoScape Medical for free.
因此，SonoScape Medical的ROCE趋势如何？ 当我们查看SonoScape Medical的ROCE趋势时，我们没有获得太多信心。 在过去五年中，资本回报率从五年前的17％降至12％。 然而，鉴于资本投入和营业收入都有所增加，似乎该业务目前正在追求增长，这是短期回报的代价。 如果增加的资本产生了额外的回报，业务和股东将从长远来看受益。
So How Is SonoScape Medical's ROCE Trending?
虽然SonoScape Medical的回报率近年来有所下降，但我们很高兴看到销售额在增长，并且该业务正在对其运营进行再投资。鉴于此，该股票过去五年仅增长了38％。因此，如果其他基本面证明良好，则该股票仍可能是一个吸引人的投资机会。
When we looked at the ROCE trend at SonoScape Medical, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 12% from 17% five years ago. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run.
像大多数公司一样，松下医疗设备也存在一些风险，我们发现了1个警告信号，您应该予以注意。 虽然SonoScape Medical的回报率不是最高的，但请查看此免费的公司列表，这些公司在拥有 solide资产负债表的同时具有高回报率。
The Bottom Line
还有一件事需要注意的是，我们已经确定了上海医药的2个警告信号，了解这些信号应该成为你的投资过程的一部分。
While returns have fallen for SonoScape Medical in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. In light of this, the stock has only gained 38% over the last five years. So this stock may still be an appealing investment opportunity, if other fundamentals prove to be sound.
如果您正在寻找一个多包裹公司，有几件事情要注意。 其中之一是，投入资本要不断增长。 基本上这意味着一家公司有盈利的项目，可以继续投资，这是一个复合机器的特征。然而，当我们看着松下医疗设备（SZSE：300633）时，它似乎没有满足所有这些条件。
Like most companies, SonoScape Medical does come with some risks, and we've found 1 warning sign that you should be aware of.
虽然SonoScape Medical的回报率近年来有所下降，但我们很高兴看到销售额在增长，并且该业务正在对其运营进行再投资。鉴于此，该股票过去五年仅增长了38％。因此，如果其他基本面证明良好，则该股票仍可能是一个吸引人的投资机会。
While SonoScape Medical isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然松下医疗设备的回报率不是最高的，但请查看此免费的公司列表，这些公司在拥有solide资产负债表的同时具有高回报率。
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