Edan Instruments (SZSE:300206) Shareholders Will Want The ROCE Trajectory To Continue
Edan Instruments (SZSE:300206) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing 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. So on that note, Edan Instruments (SZSE:300206) looks quite promising in regards to its trends of return on capital.
如果我們想找到潛在的多袋裝貨商,通常有潛在的趨勢可以提供線索。理想情況下,企業將呈現出兩種趨勢;首先是增長 返回 論資本使用率(ROCE),其次是增加 金額 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。因此,就資本回報率的趨勢而言,愛丹儀器(深圳證券交易所代碼:300206)看起來相當樂觀。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
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. To calculate this metric for Edan Instruments, this is the formula:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。要計算 Edan Instruments 的這個指標,公式如下:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已動用資本回報率 = 息稅前收益(EBIT)÷(總資產-流動負債)
0.13 = CN¥257m ÷ (CN¥2.2b - CN¥200m) (Based on the trailing twelve months to September 2023).
0.13 = 2.57億元人民幣 ÷(22億元人民幣-2億元人民幣) (基於截至2023年9月的過去十二個月)。
Therefore, Edan Instruments has an ROCE of 13%. In absolute terms, that's a satisfactory return, but compared to the Medical Equipment industry average of 7.4% it's much better.
因此,Edan Instruments的投資回報率爲13%。從絕對值來看,這是一個令人滿意的回報,但與醫療設備行業平均水平的7.4%相比,回報要好得多。
See our latest analysis for Edan Instruments
查看我們對 Edan Instruments 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231124/0-7aaa494d7a2e035d420cc5500410f3dc-0-2340a60d492bc25648fa4ef57ccf2e14.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Edan Instruments' ROCE against it's prior returns. If you want to delve into the historical earnings, revenue and cash flow of Edan Instruments, check out these free graphs here.
歷史表現是研究股票的絕佳起點,因此在上方您可以看到Edan Instruments的投資回報率與先前回報對比的指標。如果您想深入了解Edan Instruments的歷史收益、收入和現金流,請在此處查看這些免費圖表。
How Are Returns Trending?
退貨趨勢如何?
Edan Instruments is displaying some positive trends. The data shows that returns on capital have increased substantially over the last five years to 13%. Basically the business is earning more per dollar of capital invested and in addition to that, 56% more capital is being employed now too. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.
Edan Instruments顯示出一些積極的趨勢。數據顯示,在過去五年中,資本回報率大幅上升至13%。基本上,企業每投資1美元的資本就能獲得更多的收入,除此之外,現在使用的資本也增加了56%。越來越多的資本所帶來的回報率不斷增加在多袋公司中很常見,這就是爲什麼我們印象深刻的原因。
The Key Takeaway
關鍵要點
To sum it up, Edan Instruments has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue.
總而言之,Edan Instruments已經證明它可以對業務進行再投資,並從所使用的資本中獲得更高的回報,這太棒了。而且,由於該股在過去五年中表現異常出色,投資者正在考慮這些模式。因此,我們認爲值得您花時間檢查這些趨勢是否會持續下去。
One more thing to note, we've identified 1 warning sign with Edan Instruments and understanding it should be part of your investment process.
還有一件事需要注意,我們已經確定了Edan Instruments的1個警告信號,並知道它應該成爲您投資過程的一部分。
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.
對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。
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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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Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。