Here's What's Concerning About Wuhu Token Sciences' (SZSE:300088) Returns On Capital
Here's What's Concerning About Wuhu Token Sciences' (SZSE:300088) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think Wuhu Token Sciences (SZSE:300088) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
要找到一只多袋装箱的股票,我们应该在企业中寻找哪些潜在趋势?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。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。但是,在简短地查看了这些数字之后,我们认为芜湖代币科学(SZSE: 300088)在未来不具备多口袋者的实力,但让我们来看看为什么会这样。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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. To calculate this metric for Wuhu Token Sciences, this is the formula:
对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。要计算芜湖代币科学的这个指标,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)
0.013 = CN¥127m ÷ (CN¥15b - CN¥5.3b) (Based on the trailing twelve months to March 2024).
0.013 = 1.27亿元人民币 ÷(15亿元人民币-5.3亿元人民币) (基于截至2024年3月的过去十二个月)。
Therefore, Wuhu Token Sciences has an ROCE of 1.3%. In absolute terms, that's a low return and it also under-performs the Electronic industry average of 5.3%.
因此,芜湖代币科学的投资回报率为1.3%。从绝对值来看,这是一个低回报,其表现也低于电子行业5.3%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240528/0-c5fcc8f95e3f4a1fca8cd7a8b5795a64-0-e72ba75abfda0d4263032567fc9ebc43.png/big)
In the above chart we have measured Wuhu Token Sciences' 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 Wuhu Token Sciences .
在上图中,我们将芜湖代币科学先前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果您有兴趣,可以在我们的芜湖代币科学免费分析师报告中查看分析师的预测。
The Trend Of ROCE
ROCE 的趋势
On the surface, the trend of ROCE at Wuhu Token Sciences doesn't inspire confidence. Over the last five years, returns on capital have decreased to 1.3% from 15% 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. If these investments prove successful, this can bode very well for long term stock performance.
从表面上看,芜湖代币科学的投资回报率趋势并不能激发信心。在过去五年中,资本回报率从五年前的15%下降到1.3%。但是,鉴于已动用资本和收入均有所增加,由于短期回报,该业务目前似乎正在追求增长。如果这些投资被证明是成功的,这对长期股票表现来说是个好兆头。
The Bottom Line
底线
Even though returns on capital have fallen in the short term, we find it promising that revenue and capital employed have both increased for Wuhu Token Sciences. In light of this, the stock has only gained 2.2% over the last five years. So this stock may still be an appealing investment opportunity, if other fundamentals prove to be sound.
尽管短期内资本回报率有所下降,但我们认为芜湖代币科学的收入和使用的资本都有所增加,这很有希望。有鉴于此,该股在过去五年中仅上涨了2.2%。因此,如果其他基本面被证明是合理的,那么这只股票可能仍然是一个有吸引力的投资机会。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 3 warning signs for Wuhu Token Sciences (of which 1 makes us a bit uncomfortable!) that you should know about.
由于几乎每家公司都面临一些风险,因此值得了解它们是什么,我们已经发现了芜湖代币科学的3个警告信号(其中1个让我们有点不舒服!)你应该知道的。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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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。