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Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) Will Want To Turn Around Its Return Trends

Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) Will Want To Turn Around Its Return Trends

浙江维尔森智能科技有限公司 (深证:300882) 希望扭转其回报趋势
Simply Wall St ·  11/30 06:17

There are a few key trends to look for if we want to identify the next multi-bagger. 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after briefly looking over the numbers, we don't think Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

如果我们想要识别下一个多倍回报的公司,有几个关键趋势需要关注。一个常见的方法是尝试找到一个资本回报率(ROCE)不断增长,且使用的资本量也在增长的公司。如果你看到这种情况,这通常意味着这是一个业务模型优秀且拥有大量盈利再投资机会的公司。 然而,在简单查看了一下数字后,我们认为浙江威尔逊智能科技有限公司(SZSE:300882)未来并没有成为多倍回报公司的潜质,但让我们来看看为什么可能是这样。

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 Zhejiang Wellsun Intelligent TechnologyLtd, this is the formula:

对于那些不知道的人来说,ROCE是公司每年的税前利润(其回报)相对于在业务中使用的资本的衡量标准。要计算浙江威尔逊智能科技有限公司的这一指标,使用以下公式:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

资本利用率 = 利息和税前利润(EBIT) ÷ (总资产 - 流动负债)

0.13 = CN¥148m ÷ (CN¥1.5b - CN¥370m) (Based on the trailing twelve months to September 2024).

0.13 = CN¥14800万 ÷ (CN¥15亿 - CN¥370m)(基于到2024年9月的过去12个月)。

So, Zhejiang Wellsun Intelligent TechnologyLtd has an ROCE of 13%. On its own, that's a standard return, however it's much better than the 5.5% generated by the Electronic industry.

因此,浙江威尔逊智能科技有限公司的ROCE为13%。这本身算是一个标准的回报,但远好于电子行业所产生的5.5%。

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SZSE:300882 Return on Capital Employed November 29th 2024
SZSE:300882 使用资本回报率 2024年11月29日

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 want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Zhejiang Wellsun Intelligent TechnologyLtd.

历史表现是研究股票的一个好起点,因此在上面您可以看到浙江威尔森智能科技有限公司的资本回报率与其过去收益的比较。如果您想深入了解历史收益,请查看这些免费的图表,详细说明浙江威尔森智能科技有限公司的营业收入和现金流表现。

What Does the ROCE Trend For Zhejiang Wellsun Intelligent TechnologyLtd Tell Us?

浙江威尔森智能科技有限公司的资本回报率趋势告诉我们什么?

On the surface, the trend of ROCE at Zhejiang Wellsun Intelligent TechnologyLtd doesn't inspire confidence. Around five years ago the returns on capital were 21%, but since then they've fallen to 13%. Given the business is employing more capital while revenue has slipped, this is a bit concerning. This could mean that the business is losing its competitive advantage or market share, because while more money is being put into ventures, it's actually producing a lower return - "less bang for their buck" per se.

乍一看,浙江威尔森智能科技有限公司的资本回报率趋势并不令人信服。大约五年前,资本收益率为21%,但此后下降到13%。鉴于该业务正在投入更多资本,而营业收入却下滑,这有点令人担忧。这可能意味着该业务正在失去其竞争优势或市场份额,因为投入更多资金的项目实际上产生了更低的回报——可以说就是“钱花得少了”。

On a related note, Zhejiang Wellsun Intelligent TechnologyLtd has decreased its current liabilities to 24% of total assets. That could partly explain why the ROCE has dropped. 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.

顺便提及,浙江威尔森智能科技有限公司已经将其流动负债降低到总资产的24%。这可能部分解释了资本回报率的下降。实际上,这意味着他们的供应商或短期债权人对该业务的资助减少,进而降低了一些风险因素。有些人认为这降低了该业务生成资本回报率的效率,因为它现在用自己的资金资助更多的业务运营。

What We Can Learn From Zhejiang Wellsun Intelligent TechnologyLtd's ROCE

我们可以从浙江威尔森智能科技有限公司的资本回报率中学到什么

From the above analysis, we find it rather worrisome that returns on capital and sales for Zhejiang Wellsun Intelligent TechnologyLtd have fallen, meanwhile the business is employing more capital than it was five years ago. Investors must expect better things on the horizon though because the stock has risen 10% in the last three years. Regardless, we don't like the trends as they are and if they persist, we think you might find better investments elsewhere.

从上述分析中,我们发现浙江威尔森智能科技有限公司的资本回报和销售下降令人相当担忧,同时该业务投入的资本比五年前更多。然而,投资者必须期待未来的好转,因为该股票在过去三年中上涨了10%。无论如何,我们对当前的趋势并不满意,如果这种情况持续下去,我们认为您可能会在其他地方找到更好的投资机会。

On a separate note, we've found 1 warning sign for Zhejiang Wellsun Intelligent TechnologyLtd you'll probably want to know about.

另一个方面,我们发现了浙江威尔森智能科技有限公司的一个警告信号,您可能想知道。

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.

对于喜欢投资稳健公司的人,请查看这份具有稳健资产负债表和高权益回报的公司免费列表。

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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