Investors Could Be Concerned With Hichain LogisticsLtd's (SZSE:300873) Returns On Capital
Investors Could Be Concerned With Hichain LogisticsLtd's (SZSE:300873) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Although, when we looked at Hichain LogisticsLtd (SZSE:300873), it didn't seem to tick all of these boxes.
如果我們想確定下一個多功能裝袋機,有一些關鍵趨勢需要關注。在一個完美的世界中,我們希望看到一家公司向其業務投資更多的資本,理想情況下,從這些資本中獲得的回報也在增加。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。但是,當我們看的時候 Hichain LogisticsLtd (SZSE: 300873),它似乎沒有勾選所有這些方框。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Hichain LogisticsLtd is:
如果你以前沒有與ROCE合作過,它可以衡量一家公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。Hichain LogisticsLtd 的計算公式爲:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
使用資本回報率 = 利息和稅前收益 (EBIT) ÷(總資產-流動負債)
0.062 = CN¥195m ÷ (CN¥3.7b - CN¥593m) (Based on the trailing twelve months to September 2023).
0.062 = 1.95 億元人民幣 ≤(CN¥3.7b-CN¥593m) (基於截至2023年9月的過去十二個月)。
Therefore, Hichain LogisticsLtd has an ROCE of 6.2%. In absolute terms, that's a low return but it's around the Logistics industry average of 7.1%.
因此, Hichain LogisticsLtd的投資回報率爲6.2%。 從絕對值來看,這是一個很低的回報,但約爲物流行業的平均水平,爲7.1%。
See our latest analysis for Hichain LogisticsLtd
查看我們對 Hichain LogisticsLtd 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231114/0-ec5c19938f9c1c56bddffd02379d6c47-0-82271c6156df22eed939fe20ccb9c2d2.png/big)
In the above chart we have measured Hichain LogisticsLtd's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Hichain LogisticsLtd.
在上面的圖表中,我們對Hichain LogisticsLtd之前的投資回報率與之前的表現進行了比較,但可以說,未來更爲重要。如果你想了解分析師對未來的預測,你應該看看我們的 免費的 Hichain LogisticsLtd. 的報告
What Can We Tell From Hichain LogisticsLtd's ROCE Trend?
我們可以從Hichain LogisticsLtd的投資回報率趨勢中看出什麼?
Unfortunately, the trend isn't great with ROCE falling from 16% five years ago, while capital employed has grown 396%. However, some of the increase in capital employed could be attributed to the recent capital raising that's been completed prior to their latest reporting period, so keep that in mind when looking at the ROCE decrease. Hichain LogisticsLtd probably hasn't received a full year of earnings yet from the new funds it raised, so these figures should be taken with a grain of salt.
不幸的是,這種趨勢並不理想,投資回報率從五年前的16%下降,而資本使用量增長了396%。但是,使用資本的增加在一定程度上可以歸因於最近一次報告期之前完成的近期融資,因此在考慮投資回報率下降時請記住這一點。Hichain LogisticsLtd可能尚未從其籌集的新資金中獲得整整一年的收益,因此應該對這些數字持保留態度。
In Conclusion...
總之...
In summary, Hichain LogisticsLtd is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And investors appear hesitant that the trends will pick up because the stock has fallen 28% in the last three years. Therefore based on the analysis done in this article, we don't think Hichain LogisticsLtd has the makings of a multi-bagger.
總而言之,Hichain LogisticsLtd正在將資金重新投資到業務中以實現增長,但不幸的是,銷售額似乎還沒有太大增長。投資者似乎對趨勢是否會回升猶豫不決,因爲該股在過去三年中下跌了28%。因此,根據本文所做的分析,我們認爲Hichain LogisticsLtd不具備多功能裝袋機的特質。
Hichain LogisticsLtd does have some risks, we noticed 5 warning signs (and 1 which is a bit unpleasant) we think you should know about.
我們注意到,Hichain LogisticsLtd確實存在一些風險 5 個警告標誌 (還有 1 有點不愉快)我們認爲你應該知道。
While Hichain LogisticsLtd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
雖然 Hichain LogisticsLtd 的回報率不高,但看看這個 免費的 資產負債表穩健且股本回報率高的公司名單。
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