Returns At Jiangsu Zhongtian Technology (SHSE:600522) Appear To Be Weighed Down
Returns At Jiangsu Zhongtian Technology (SHSE:600522) Appear To Be Weighed Down
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. In light of that, when we looked at Jiangsu Zhongtian Technology (SHSE:600522) and its ROCE trend, we weren't exactly thrilled.
要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?一種常見的方法是嘗試找一家公司 回報 論資本使用率(ROCE)在增加的同時增長 金額 已動用資本的百分比。基本上,這意味着一家公司有可以繼續進行再投資的盈利計劃,這是複合機的一個特徵。有鑑於此,當我們查看江蘇中天科技(SHSE: 600522)及其投資回報率趨勢時,我們並不感到非常興奮。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
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. Analysts use this formula to calculate it for Jiangsu Zhongtian Technology:
對於那些不確定ROCE是什麼的人來說,它衡量的是公司從業務中使用的資本中可以產生的稅前利潤額。分析師使用以下公式爲江蘇中天科技計算:
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)
0.093 = CN¥3.4b ÷ (CN¥54b - CN¥18b) (Based on the trailing twelve months to September 2023).
0.093 = CN¥3.4b ≤(CN¥54b-CN¥18b) (基於截至2023年9月的過去十二個月)。
So, Jiangsu Zhongtian Technology has an ROCE of 9.3%. On its own that's a low return, but compared to the average of 6.3% generated by the Electrical industry, it's much better.
因此,江蘇中天科技的投資回報率爲9.3%。就其本身而言,回報率很低,但與電氣行業平均產生的6.3%相比,要好得多。
View our latest analysis for Jiangsu Zhongtian Technology
查看我們對江蘇中天科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231126/0-cea35abb34095678bc508efb07a71b1e-0-26cd1e2c1988933631473d4d27e94a41.png/big)
Above you can see how the current ROCE for Jiangsu Zhongtian Technology compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Jiangsu Zhongtian Technology.
在上方你可以看到江蘇中天科技目前的投資回報率與之前的資本回報率的比較,但從過去可以看出來只有這麼多。如果你想了解分析師對未來的預測,你應該查看我們關於江蘇中天科技的免費報告。
The Trend Of ROCE
ROCE 的趨勢
In terms of Jiangsu Zhongtian Technology's historical ROCE trend, it doesn't exactly demand attention. The company has employed 84% more capital in the last five years, and the returns on that capital have remained stable at 9.3%. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
就江蘇中天科技的歷史投資回報率走勢而言,這並不完全值得關注。在過去五年中,該公司使用的資本增加了84%,該資本的回報率一直穩定在9.3%。這種糟糕的投資回報率目前並不能激發信心,隨着所用資本的增加,很明顯,該企業並沒有將資金部署到高回報投資中。
What We Can Learn From Jiangsu Zhongtian Technology's ROCE
我們可以從江蘇中天科技的ROCE中學到什麼
Long story short, while Jiangsu Zhongtian Technology has been reinvesting its capital, the returns that it's generating haven't increased. Although the market must be expecting these trends to improve because the stock has gained 84% over the last five years. But if the trajectory of these underlying trends continue, we think the likelihood of it being a multi-bagger from here isn't high.
長話短說,儘管江蘇中天科技一直在進行資本再投資,但其產生的回報並未增加。儘管市場一定預計這些趨勢會有所改善,因爲該股在過去五年中上漲了84%。但是,如果這些潛在趨勢的軌跡繼續下去,我們認爲它從現在開始成爲多管齊下的可能性並不高。
While Jiangsu Zhongtian Technology doesn't shine too bright in this respect, it's still worth seeing if the company is trading at attractive prices. You can find that out with our FREE intrinsic value estimation on our platform.
儘管江蘇中天科技在這方面的表現並不太好,但該公司的交易價格是否具有吸引力仍然值得一看。您可以通過我們平台上的免費內在價值估算來找到答案。
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根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。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,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。