Investors Met With Slowing Returns on Capital At Motic (Xiamen) Electric GroupLtd (SZSE:300341)
Investors Met With Slowing Returns on Capital At Motic (Xiamen) Electric GroupLtd (SZSE:300341)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. That's why when we briefly looked at Motic (Xiamen) Electric GroupLtd's (SZSE:300341) ROCE trend, we were pretty happy with what we saw.
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?通常,我們希望注意到增長的趨勢 返回 在資本使用率(ROCE)方面,除此之外,還在擴大 基礎 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。這就是爲什麼當我們簡要查看Motic(廈門)電氣集團有限公司(SZSE: 300341)的投資回報率趨勢時,我們對所看到的情況感到非常滿意。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率(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. Analysts use this formula to calculate it for Motic (Xiamen) Electric GroupLtd:
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。分析師使用這個公式來計算Motic(廈門)電氣集團有限公司的利潤:
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)
0.15 = CN¥266m ÷ (CN¥2.3b - CN¥460m) (Based on the trailing twelve months to September 2023).
0.15 = 2.66億元人民幣 ÷(23億元人民幣-4.6億元人民幣) (基於截至2023年9月的過去十二個月)。
Thus, Motic (Xiamen) Electric GroupLtd has an ROCE of 15%. In absolute terms, that's a satisfactory return, but compared to the Electrical industry average of 6.3% it's much better.
因此,Motic(廈門)電氣集團有限公司的投資回報率爲15%。從絕對值來看,這是一個令人滿意的回報,但與電氣行業的平均水平6.3%相比,回報要好得多。
See our latest analysis for Motic (Xiamen) Electric GroupLtd
查看我們對摩迪克(廈門)電氣集團有限公司的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240107/0-ac88cad8fe59eadac74ab202f4609a51-0-82f67673d07f7818ed347d7fa2ec5128.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Motic (Xiamen) Electric GroupLtd's ROCE against it's prior returns. If you'd like to look at how Motic (Xiamen) Electric GroupLtd has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.
歷史表現是研究股票的絕佳起點,因此在上方您可以看到Motic(廈門)電氣集團有限公司的投資回報率與先前回報對比的指標。如果你想看看Motic(廈門)電氣集團有限公司過去在其他指標中的表現,你可以查看這張過去收益、收入和現金流的免費圖表。
What The Trend Of ROCE Can Tell Us
ROCE 的趨勢能告訴我們什麼
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has consistently earned 15% for the last five years, and the capital employed within the business has risen 66% in that time. 15% is a pretty standard return, and it provides some comfort knowing that Motic (Xiamen) Electric GroupLtd has consistently earned this amount. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
ROCE的趨勢並不突出,但總體回報還是不錯的。在過去五年中,該公司的收入一直保持15%,在此期間,該公司的資本增長了66%。15%是一個相當標準的回報,得知Motic(廈門)電氣集團有限公司一直賺取這筆錢,這讓人感到有些欣慰。這個大概的穩定回報可能並不令人興奮,但如果能夠長期維持這些回報,它們通常會爲股東提供豐厚的回報。
In Conclusion...
總之...
To sum it up, Motic (Xiamen) Electric GroupLtd has simply been reinvesting capital steadily, at those decent rates of return. And long term investors would be thrilled with the 119% return they've received over the last five years. So even though the stock might be more "expensive" than it was before, we think the strong fundamentals warrant this stock for further research.
總而言之,Motic(廈門)電氣集團有限公司只是在穩步進行資本再投資,回報率不錯。長期投資者會對他們在過去五年中獲得的119%的回報感到興奮。因此,儘管該股可能比以前更 “昂貴”,但我們認爲強勁的基本面值得該股進行進一步研究。
If you want to know some of the risks facing Motic (Xiamen) Electric GroupLtd we've found 2 warning signs (1 shouldn't be ignored!) that you should be aware of before investing here.
如果你想了解Motic(廈門)電氣集團有限公司面臨的一些風險,我們已經發現了2個警告信號(其中一個不容忽視!)在這裏投資之前,您應該注意這一點。
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。