Leedarson IoT Technology (SHSE:605365) Will Want To Turn Around Its Return Trends
Leedarson IoT Technology (SHSE:605365) Will Want To Turn Around Its Return Trends
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. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing 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 Leedarson IoT Technology (SHSE:605365), it didn't seem to tick all of these boxes.
寻找一个有潜力大幅增长的业务并不容易,但如果我们看几个关键的财务指标,这是可能的。一种常见的方法是尝试找到一家ROCE逐年提高的公司,同时投入的资本也在增加。基本上这意味着一个公司具有盈利的行动,它可以继续投资再生,这是一个复合机器的特征。尽管当我们看到利得森物联网技术(SHSE:605365)时,似乎没有满足所有这些条件。
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 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 Leedarson IoT Technology, this is the formula:
对于那些不知道ROCE是什么的人来说,它是衡量公司一年税前利润(回报)和投资本钱的比率。要为利得森物联网技术计算这个指标,此公式适用:
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。
0.067 = CN¥260m ÷ (CN¥5.8b - CN¥1.9b) (Based on the trailing twelve months to March 2024).
0.067 = CN¥26000万 ÷ (CN¥58亿 - CN¥1.9b)(基于截至2024年3月的过去12个月)
Thus, Leedarson IoT Technology has an ROCE of 6.7%. On its own, that's a low figure but it's around the 6.0% average generated by the Electrical industry.
因此,利得森物联网技术的ROCE为6.7%。单独看这个数字很低,但它与电气行业产生的平均值约为6.0%。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-36586f1263a6fa0dbd0eba69958472d3-0-2793451f6241408a7f49a6b9796a6051.png/big)
In the above chart we have measured Leedarson IoT Technology'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 Leedarson IoT Technology for free.
在上面的图表中,我们测量了利得森物联网技术以前的ROCE与其以前的表现,但未来可能更重要。如果您愿意,您可以免费查看分析师预测利得森物联网技术的结果。
How Are Returns Trending?
综合上述,Cimpress非常有效地提高了其资本利用率所产生的回报。考虑到股票过去五年保持稳定,如果其他指标也不错,则可能存在机会。因此,进一步研究这家公司并确定这些趋势是否会持续是合理的。
On the surface, the trend of ROCE at Leedarson IoT Technology doesn't inspire confidence. Over the last five years, returns on capital have decreased to 6.7% from 27% five years ago. However it looks like Leedarson IoT Technology 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's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.
表面上,利得森物联网技术ROCE的趋势并不令人信服。在过去的五年中,资本回报率从五年前的27%下降到6.7%。不过,由于投入的资本已经增加,公司的销售在过去12个月中并没有太多变化,因此看起来利得森物联网技术可能正在为长期增长而再投资。从现在开始,值得关注公司的收益情况,以了解这些投资最终是否有助于底线。
On a side note, Leedarson IoT Technology has done well to pay down its current liabilities to 33% of total assets. So we could link some of this to the decrease in ROCE. What's more, this can reduce some aspects of risk to the business because now the company's suppliers or short-term creditors are funding less of its operations. Since the business is basically funding more of its operations with it's own money, you could argue this has made the business less efficient at generating ROCE.
另一方面,利得森物联网技术已成功偿还其流动负债,目前仅占其总资产的33%。因此,我们可以将其中一部分联系到ROCE的下降。此外,这可以减少业务的某些风险,因为现在公司的供应商或短期债权人资助其运营的资金较少。由于企业基本上是用自己的资金为其运营资金提供更多的资金,因此可以说这使得企业在生成ROCE方面效率降低。
The Key Takeaway
重要提示
Bringing it all together, while we're somewhat encouraged by Leedarson IoT Technology's reinvestment in its own business, we're aware that returns are shrinking. And investors appear hesitant that the trends will pick up because the stock has fallen 49% in the last three years. Therefore based on the analysis done in this article, we don't think Leedarson IoT Technology has the makings of a multi-bagger.
综合考虑,虽然利得森物联网技术对其自身业务的再投资使我们有些鼓舞,但投资回报正在下降。投资者似乎犹豫不决,因为该股在过去三年中下跌了49%。因此,基于本文所做的分析,我们认为利得森物联网技术没有成为多赚钱的可能性。
On a final note, we've found 1 warning sign for Leedarson IoT Technology that we think you should be aware of.
最后,我们找到了一个有关利得森物联网技术的警告信号,我们认为您应该知道。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
Hao Tian International Construction Investment Group确实存在一些风险,我们已经发现了一条警示标志,你可能会感兴趣。对于那些喜欢投资于实力雄厚的公司的人,可以查看这个由财务状况强大、股本回报率高的公司组成的免费列表。
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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
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。