Some Investors May Be Worried About Dian Diagnostics GroupLtd's (SZSE:300244) Returns On Capital
Some Investors May Be Worried About Dian Diagnostics GroupLtd's (SZSE:300244) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after investigating Dian Diagnostics GroupLtd (SZSE:300244), we don't think it's current trends fit the mold of a multi-bagger.
你知道有一些財務指標可以爲潛在的多袋人提供線索嗎?在一個完美的世界中,我們希望看到一家公司向其業務投入更多資本,理想情況下,從這些資本中獲得的回報也在增加。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資到業務中併產生更高的回報。但是,在調查了Dian Diangostics GroupLtd(深圳證券交易所代碼:300244)之後,我們認爲目前的趨勢不符合多袋機的模式。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
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 Dian Diagnostics GroupLtd is:
如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。在 Dian Diangostics GroupLtd 上進行此計算的公式爲:
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)
0.091 = CN¥1.2b ÷ (CN¥19b - CN¥5.2b) (Based on the trailing twelve months to September 2023).
0.091 = 12億元人民幣 ÷(19億元人民幣-5.2億元人民幣) (基於截至2023年9月的過去十二個月)。
Thus, Dian Diagnostics GroupLtd has an ROCE of 9.1%. On its own, that's a low figure but it's around the 11% average generated by the Healthcare industry.
因此,Dian Diangostics GroupLtd的投資回報率爲9.1%。就其本身而言,這是一個很低的數字,但約爲醫療保健行業的11%的平均水平。
Check out our latest analysis for Dian Diagnostics GroupLtd
查看我們對 Dian Diangostics GroupLtd 的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240109/0-1e96d1012b27dcd24887d64e72902088-0-0c30328b60665664ac3ca4f4944bea0e.png/big)
Above you can see how the current ROCE for Dian Diagnostics GroupLtd 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 Dian Diagnostics GroupLtd.
上面你可以看到Dian Diangostics GroupLtd當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果你想了解分析師對未來的預測,你應該查看我們爲Dian Diangostics GroupLtd提供的免費報告。
How Are Returns Trending?
退貨趨勢如何?
On the surface, the trend of ROCE at Dian Diagnostics GroupLtd doesn't inspire confidence. Around five years ago the returns on capital were 12%, but since then they've fallen to 9.1%. Given the business is employing more capital while revenue has slipped, this is a bit concerning. If this were to continue, you might be looking at a company that is trying to reinvest for growth but is actually losing market share since sales haven't increased.
從表面上看,Dian Diangostics GroupLtd的投資回報率趨勢並不能激發信心。大約五年前,資本回報率爲12%,但此後已降至9.1%。鑑於該企業在收入下滑的情況下僱用了更多的資本,這有點令人擔憂。如果這種情況繼續下去,你可能會看到一家試圖進行再投資以促進增長,但由於銷售額沒有增加,實際上正在失去市場份額的公司。
The Bottom Line
底線
We're a bit apprehensive about Dian Diagnostics GroupLtd because despite more capital being deployed in the business, returns on that capital and sales have both fallen. However the stock has delivered a 47% return to shareholders over the last five years, so investors might be expecting the trends to turn around. Regardless, we don't feel too comfortable with the fundamentals so we'd be steering clear of this stock for now.
我們對Dian Diangostics GroupLtd有點擔心,因爲儘管在業務中投入了更多資金,但該資本的回報率和銷售額都下降了。但是,該股在過去五年中爲股東帶來了47%的回報,因此投資者可能預計趨勢會好轉。無論如何,我們對基本面不太滿意,因此我們暫時會避開這隻股票。
If you'd like to know about the risks facing Dian Diagnostics GroupLtd, we've discovered 1 warning sign that you should be aware of.
如果你想了解Dian Diangostics GroupLtd面臨的風險,我們發現了一個你應該注意的警告信號。
While Dian Diagnostics GroupLtd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管Dian Diangostics GroupLtd的回報率並不高,但請查看這份免費的股票回報率高、資產負債表穩健的公司名單。
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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。