Shareholders Are Optimistic That Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) Will Multiply In Value
Shareholders Are Optimistic That Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) Will Multiply In Value
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. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Ergo, when we looked at the ROCE trends at Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882), we liked what we saw.
要寻找一个有潜力成长的企业并不容易，但是只要我们关注一些关键的财务指标，就有可能找到。理想情况下，一个企业将显示出两个趋势；首先是不断增长的资本回报率（ROCE），其次是越来越多的资本投入。简而言之，这些类型的企业是复利机器，意味着它们不断地以越来越高的回报率重新投资其收益。 因此，当我们看到浙江威尔森智能科技股份有限公司（SZSE:300882）的ROCE趋势时，我们对所看到的情况非常满意。
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 Zhejiang Wellsun Intelligent TechnologyLtd is:
对于不确定ROCE是什么的人，它衡量了一家公司从其业务中所使用的资本中可以产生多少税前利润。在Zhejiang Wellsun Intelligent TechnologyLtd上进行该计算的公式是：
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。
0.22 = CN¥271m ÷ (CN¥1.6b - CN¥373m) (Based on the trailing twelve months to March 2024).
0.22 = CN¥27100万 ÷ (CN¥16亿 - CN¥373m)（基于截至2024年3月的过去十二个月）。
Thus, Zhejiang Wellsun Intelligent TechnologyLtd has an ROCE of 22%. That's a fantastic return and not only that, it outpaces the average of 5.2% earned by companies in a similar industry.
因此，浙江威尔森智能科技股份有限公司的ROCE为22％。这是一个很棒的回报，不仅如此，它还超过同行业公司平均获得的5.2％。
Historical performance is a great place to start when researching a stock so above you can see the gauge for Zhejiang Wellsun Intelligent TechnologyLtd's ROCE against it's prior returns. If you'd like to look at how Zhejiang Wellsun Intelligent TechnologyLtd has performed in the past in other metrics, you can view this free graph of Zhejiang Wellsun Intelligent TechnologyLtd's past earnings, revenue and cash flow.
历史表现是研究股票的好起点，因此，您可以看到浙江威尔森智能科技股份有限公司ROCE与其之前的回报之间的比较。如果您想查看浙江威尔森智能科技股份有限公司在其他指标方面的过去表现，就可以查看其过去盈利、营业收入和现金流的免费图表。
The Trend Of ROCE
当寻找下一个倍增器时，如果您不确定从哪里开始，请关注几个关键趋势。首先，我们希望看到一个经过验证的资本使用率。如果您看到这一点，通常意味着这是一家拥有出色业务模式和大量盈利再投资机会的公司。然而，调查蒙托克可再生能源公司（NASDAQ：MNTK）后，我们认为它的现行趋势不符合倍增器的模式。
Zhejiang Wellsun Intelligent TechnologyLtd deserves to be commended in regards to it's returns. Over the past five years, ROCE has remained relatively flat at around 22% and the business has deployed 273% more capital into its operations. Returns like this are the envy of most businesses and given it has repeatedly reinvested at these rates, that's even better. If these trends can continue, it wouldn't surprise us if the company became a multi-bagger.
浙江威尔森智能科技股份有限公司在其回报方面值得称赞。在过去的五年中，ROCE保持在约22％的相对平稳水平，并且该企业的资本投入增加了273％。像这样的回报是大多数企业所羡慕的，而且由于它已经反复以这样的速度再投资，这更好。如果这些趋势能够继续下去，如果该公司成为多头股是不出所料的。
On a side note, Zhejiang Wellsun Intelligent TechnologyLtd has done well to reduce current liabilities to 23% of total assets over the last five years. This can eliminate some of the risks inherent in the operations because the business has less outstanding obligations to their suppliers and or short-term creditors than they did previously.
顺便说一句，浙江威尔森智能科技股份有限公司在过去的五年中成功将流动负债降至总资产的23％以下。这可以消除业务中存在的某些风险，因为与之前相比，该企业欠供应商或短期债权人的未清欠款较少。
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。
Zhejiang Wellsun Intelligent TechnologyLtd has demonstrated its proficiency by generating high returns on increasing amounts of capital employed, which we're thrilled about. Therefore it's no surprise that shareholders have earned a respectable 35% return if they held over the last three years. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.
浙江威尔森智能科技股份有限公司通过增加使用的资本获取高回报表明其熟练程度，我们对此感到高兴。因此，如果股东持有了该股票超过三年，那么他们赚取了可观的35％回报，这并不令人惊讶。因此，虽然积极的基本趋势可能被投资者账面化，但我们仍认为值得进一步研究该股票。
If you'd like to know about the risks facing Zhejiang Wellsun Intelligent TechnologyLtd, we've discovered 2 warning signs that you should be aware of.
如果您想了解浙江威尔森智能科技股份有限公司面临的风险，我们发现了2个警告信号，您应该了解。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司获得高回报，请在此查看我们免费的高回报、坚实财务状况的公司列表。
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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