Suzhou SLAC Precision EquipmentLtd (SZSE:300382) Is Reinvesting At Lower Rates Of Return
Suzhou SLAC Precision EquipmentLtd (SZSE:300382) Is Reinvesting At Lower Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. 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 Suzhou SLAC Precision EquipmentLtd (SZSE:300382), it didn't seem to tick all of these boxes.
要找到一个潜力大的业务不容易,但只要我们查看一些关键的财务指标是可能的。除其他因素外,我们想看到两件事; 首先,资本雇用的增长。这向我们表明它是一个复利机器,能够不断将其收益重新投资于业务,并产生更高的回报。因此,当我们观察易大宗控股(HKG:1733)ROCE的趋势时,我们真的很喜欢我们看到的。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。 资本使用的回报率。基本上意味着公司有盈利的计划,可以不断地进行再投资,这是复利的特点。然而,当我们看苏州斯莱克精密装备股份有限公司(SZSE:300382)时,它似乎并没有完全符合这些条件。
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 that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Suzhou SLAC Precision EquipmentLtd is:
如果您不清楚ROCE是什么,它是衡量公司在业务中使用的资本所产生的税前利润的量度。这个公式计算出苏州斯莱克精密装备股份有限公司的ROCE是:
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。
0.033 = CN¥119m ÷ (CN¥4.5b - CN¥932m) (Based on the trailing twelve months to March 2024).
0.033 = CN¥11900万 ÷ (CN¥45亿 - CN¥932m) 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。.
Therefore, Suzhou SLAC Precision EquipmentLtd has an ROCE of 3.3%. Ultimately, that's a low return and it under-performs the Machinery industry average of 5.6%.
因此,苏州斯莱克精密装备股份有限公司的ROCE为3.3%。终归,这是一个较低的回报率,低于机械行业平均水平5.6%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240610/0-23980b2fd32b45d55528e5866483b6d3-0-8db467bf5c301add21b7815ddafc607b.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Suzhou SLAC Precision EquipmentLtd's ROCE against it's prior returns. If you'd like to look at how Suzhou SLAC Precision EquipmentLtd has performed in the past in other metrics, you can view this free graph of Suzhou SLAC Precision EquipmentLtd's past earnings, revenue and cash flow.
历史表现是研究一支股票的好起点,所以你可以看到上面的表来比较苏州斯莱克精密装备股份有限公司的ROCE与其以前的回报率。如果您想查看苏州斯莱克精密装备股份有限公司在其他指标上的过去表现,您可以查看苏州斯莱克精密装备股份有限公司的过去收入、营收和现金流的免费图表。
What Does the ROCE Trend For Suzhou SLAC Precision EquipmentLtd Tell Us?
苏州斯莱克精密装备股份有限公司的ROCE趋势告诉我们什么?
On the surface, the trend of ROCE at Suzhou SLAC Precision EquipmentLtd doesn't inspire confidence. To be more specific, ROCE has fallen from 14% over the last five years. However it looks like Suzhou SLAC Precision EquipmentLtd might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It may take some time before the company starts to see any change in earnings from these investments.
表面上,苏州斯莱克精密装备股份有限公司的ROCE趋势并不能让人信服。具体地说,ROCE在过去五年里从14%下降至目前的水平。然而,看起来苏州斯莱克精密装备股份有限公司可能正在进行长期的成长再投资,因为尽管资本使用率增加了,但公司的销售额在过去12个月里并没有太大变化。这可能需要一些时间才能让公司从这些投资中获得收益的变化。
On a side note, Suzhou SLAC Precision EquipmentLtd has done well to pay down its current liabilities to 21% of total assets. So we could link some of this to the decrease in ROCE. Effectively this means their suppliers or short-term creditors are funding less of the business, which reduces some elements of risk. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money.
顺便说一句,苏州斯莱克精密装备股份有限公司已经成功地将其流动负债降至总资产的21%。因此,我们可以将其中一些因素联系到ROCE的下降上。这实际上意味着他们的供应商或短期债权人对企业的资助和风险都减少了一些。有人会认为,这会降低企业产生ROCE的效率,因为现在它使用了更多自己的资金来资助运营。
Our Take On Suzhou SLAC Precision EquipmentLtd's ROCE
总之,苏州斯莱克精密装备股份有限公司正在为增长而重新投资资金,但不幸的是,看起来销售额并没有太多增长。而股票在过去五年中仅为股东提供了11%的总回报率,投资者可能会意识到这些趋势。如果你正在寻找一个倍增器,我们认为你在其他地方可能更有好运。
In summary, Suzhou SLAC Precision EquipmentLtd is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And investors may be recognizing these trends since the stock has only returned a total of 11% to shareholders over the last five years. As a result, if you're hunting for a multi-bagger, we think you'd have more luck elsewhere.
如果你想了解苏州斯莱克精密装备股份有限公司面临的风险,我们发现了2个警告信号,你应该注意。虽然苏州斯莱克精密装备股份有限公司目前可能没有获得最高的回报,但我们已经编制了一份目前回报率超过25%的公司列表。在这里免费查看。
If you'd like to know about the risks facing Suzhou SLAC Precision EquipmentLtd, we've discovered 2 warning signs that you should be aware of.
While Suzhou SLAC Precision EquipmentLtd 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.
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