Returns At Suzhou Nanomicro Technology (SHSE:688690) Appear To Be Weighed Down
Returns At Suzhou Nanomicro Technology (SHSE:688690) Appear To Be Weighed Down
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at Suzhou Nanomicro Technology (SHSE:688690) and its ROCE trend, we weren't exactly thrilled.
你知道有一些財務指標可以爲潛在的多袋裝袋者提供線索嗎?首先,我們想找一個正在成長的 返回 關於已用資本(ROCE),然後除此之外,還不斷增加 基礎 所用資本的比例。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。有鑑於此,當我們研究蘇州納微科技(SHSE: 688690)及其投資回報率趨勢時,我們並不十分興奮。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
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. The formula for this calculation on Suzhou Nanomicro Technology is:
對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。蘇州納微科技的計算公式爲:
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)
0.04 = CN¥77m ÷ (CN¥2.1b - CN¥147m) (Based on the trailing twelve months to September 2023).
0.04 = 7700萬元人民幣 ÷(21億元人民幣-1.47億元人民幣) (基於截至2023年9月的過去十二個月)。
Thus, Suzhou Nanomicro Technology has an ROCE of 4.0%. Ultimately, that's a low return and it under-performs the Chemicals industry average of 5.5%.
因此,蘇州納微科技的投資回報率爲4.0%。歸根結底,這是一個低迴報,其表現低於化工行業5.5%的平均水平。
See our latest analysis for Suzhou Nanomicro Technology
查看我們對蘇州納微科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231201/0-8afe9668d0da01cccd5918a4faddad1e-0-e35e216943429099f14a44f34be8cc26.png/big)
In the above chart we have measured Suzhou Nanomicro 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 Suzhou Nanomicro Technology here for free.
在上圖中,我們將蘇州納微科技先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果你願意,可以在這裏免費查看報道蘇州納微科技的分析師的預測。
What The Trend Of ROCE Can Tell Us
ROCE 的趨勢能告訴我們什麼
There are better returns on capital out there than what we're seeing at Suzhou Nanomicro Technology. Over the past five years, ROCE has remained relatively flat at around 4.0% and the business has deployed 806% more capital into its operations. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital.
那裏的資本回報比我們在蘇州納微科技看到的要好。在過去五年中,投資回報率一直相對持平,約爲4.0%,該業務在運營中投入的資金增加了806%。鑑於該公司增加了動用資本金額,看來已經進行的投資根本無法提供很高的資本回報率。
The Bottom Line On Suzhou Nanomicro Technology's ROCE
蘇州納微科技投資回報率的底線
In summary, Suzhou Nanomicro Technology has simply been reinvesting capital and generating the same low rate of return as before. Since the stock has declined 49% over the last year, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.
總而言之,蘇州納微科技只是在進行資本再投資,併產生了與以前一樣低的回報率。由於該股去年下跌了49%,因此投資者對這一趨勢的改善可能也不太樂觀。總的來說,我們對潛在趨勢的啓發不大,我們認爲在其他地方找到多袋裝機的可能性更大。
One more thing to note, we've identified 1 warning sign with Suzhou Nanomicro Technology and understanding this should be part of your investment process.
還有一件事需要注意,我們已經確定了蘇州納微科技的1個警告信號,我們知道這應該是您投資過程的一部分。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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。