Zhewen Interactive Group (SHSE:600986) Could Be At Risk Of Shrinking As A Company
Zhewen Interactive Group (SHSE:600986) Could Be At Risk Of Shrinking As A Company
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop up? A business that's potentially in decline often shows two trends, a return on capital employed (ROCE) that's declining, and a base of capital employed that's also declining. Trends like this ultimately mean the business is reducing its investments and also earning less on what it has invested. And from a first read, things don't look too good at Zhewen Interactive Group (SHSE:600986), so let's see why.
如果你正在关注成熟的业务,超越了创业板阶段,那么其中会出现哪些潜在的趋势呢?一个潜在的衰落的企业通常会显示出两种趋势,资本使用率下降以及投资回报率下降。像这样的趋势最终意味着企业正在减少其投资并且也在其所投资的领域赚取了较少的利润。第一眼看去,浙文互联集团(SHSE:600986)的状况并不太好,让我们来看看其中的原因。资产回报率:它是什么?以IPG Photonics(纳斯达克:IPGP)为例,您可以看到当前ROCE与其过去资本回报的比较情况,但是从过去所能得到的信息是有限的。如果您想看看分析师对未来的预测,可以查看我们免费的分析师报告:IPG Photonics。资产回报率 = 利息和所得税前收益(EBIT)÷(总资产-流动负债)资本使用率也在下降。像这样的趋势最终意味着企业正在减少其投资并且也在其所投资的领域赚取了较少的利润。
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. To calculate this metric for Zhewen Interactive Group, this is the formula:
如果你不知道ROCE是什么,它是一个公司每年税前利润(即回报率)相对于企业所使用的资本的衡量标准。要为浙文互联集团计算这个指标,这是公式:
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。
0.021 = CN¥109m ÷ (CN¥8.1b - CN¥3.0b) (Based on the trailing twelve months to March 2024).
0.021 = CN¥10900万 ÷ (CN¥81亿 - CN¥3.0b)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, Zhewen Interactive Group has an ROCE of 2.1%. In absolute terms, that's a low return and it also under-performs the Media industry average of 4.0%.
因此,浙文互联集团的ROCE为2.1%。就绝对值而言,这是一个较低的回报率,并且也低于媒体行业板块的平均水平,该行业平均水平为4.0%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240626/0-98cc749e284c9ab763e6afd94277c761-0-edfcd78ac473e5ed9448a09d039bf939.png/big)
Above you can see how the current ROCE for Zhewen Interactive Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Zhewen Interactive Group for free.
您可以看到当前ROCE与以前的资本回报率的比较情况,但从过去只能获得有限信息。如果您愿意,可以免费查看分析师对浙文互联集团的预测。
What The Trend Of ROCE Can Tell Us
尽管如此,当我们看 enphase energy (纳斯达克股票代码:ENPH) 的时候,它似乎并没有完全符合这些要求。
The trend of ROCE doesn't look fantastic because it's fallen from 6.7% five years ago and the business is utilizing 21% less capital, even after their capital raise (conducted prior to the latest reporting period).
ROCE的趋势看起来并不理想,因为它与五年前的6.7%相比已经下降,并且该企业使用的资本下降了21%,即使在最新报告期之前进行过资本增资。
Our Take On Zhewen Interactive Group's ROCE
我们对浙文互联集团的ROCE的看法
In short, lower returns and decreasing amounts capital employed in the business doesn't fill us with confidence. And long term shareholders have watched their investments stay flat over the last five years. That being the case, unless the underlying trends revert to a more positive trajectory, we'd consider looking elsewhere.
简而言之,企业的回报率下降并且其业务所用的资本也在减少,这些令我们感到缺乏信心。而长期股东在过去五年中看到他们的投资一直保持平稳。鉴于这种情况,除非这些潜在趋势有所缓解,否则我们将考虑寻找其他机会。
On a final note, we've found 2 warning signs for Zhewen Interactive Group that we think you should be aware of.
最后,我们发现了浙文互联集团的两个警告信号,我们认为您应该意识到。
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.
如果您想寻找财务状况良好、回报卓越的实力强企业,可以免费查看以下公司列表。
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