Jonjee Hi-Tech Industrial and Commercial HoldingLtd (SHSE:600872) Hasn't Managed To Accelerate Its Returns
Jonjee Hi-Tech Industrial and Commercial HoldingLtd (SHSE:600872) Hasn't Managed To Accelerate Its Returns
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Although, when we looked at Jonjee Hi-Tech Industrial and Commercial HoldingLtd (SHSE:600872), it didn't seem to tick all of these boxes.
如果我們想找到一隻可以長期成倍增長的股票,我們應該尋找哪些潛在趨勢?除其他外,我們希望看到兩件事;首先,成長 返回 論資本使用率(ROCE),其次是公司的擴張 金額 所用資本的比例。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。但是,當我們查看Jonjee Hi-Tech工業和商業控股有限公司(SHSE: 600872)時,它似乎並沒有勾選所有這些方框。
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 Jonjee Hi-Tech Industrial and Commercial HoldingLtd 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。Jonjee HiTech 工業和商業控股有限公司的計算公式爲:
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)
0.13 = CN¥679m ÷ (CN¥6.6b - CN¥1.3b) (Based on the trailing twelve months to September 2023).
0.13 = 人民幣 6.79 億元 ¼(CN¥66B-CN¥1.3b) (基於截至2023年9月的過去十二個月)。
Thus, Jonjee Hi-Tech Industrial and Commercial HoldingLtd has an ROCE of 13%. In absolute terms, that's a satisfactory return, but compared to the Food industry average of 7.6% it's much better.
因此,Jonjee Hictech工商控股有限公司的投資回報率爲13%。從絕對值來看,這是一個令人滿意的回報,但與食品行業7.6%的平均水平相比,要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240208/0-d9b6d6b0c4bfb84580541861b47a68de-0-2e0e17ff29a8564c66a084a731f17865.png/big)
Above you can see how the current ROCE for Jonjee Hi-Tech Industrial and Commercial HoldingLtd compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Jonjee Hi-Tech Industrial and Commercial HoldingLtd here for free.
上面你可以看到Jonjee Hi-Tech工業和商業控股有限公司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。如果你願意,可以在這裏免費查看報道Jonjee Hi-Tech工業和商業控股有限公司的分析師的預測。
So How Is Jonjee Hi-Tech Industrial and Commercial HoldingLtd's ROCE Trending?
那麼,中智高科工商控股有限公司的投資回報率走勢如何?
There hasn't been much to report for Jonjee Hi-Tech Industrial and Commercial HoldingLtd's returns and its level of capital employed because both metrics have been steady for the past five years. This tells us the company isn't reinvesting in itself, so it's plausible that it's past the growth phase. With that in mind, unless investment picks up again in the future, we wouldn't expect Jonjee Hi-Tech Industrial and Commercial HoldingLtd to be a multi-bagger going forward. With fewer investment opportunities, it makes sense that Jonjee Hi-Tech Industrial and Commercial HoldingLtd has been paying out a decent 31% of its earnings to shareholders. Unless businesses have highly compelling growth opportunities, they'll typically return some money to shareholders.
關於Jonjee Hi-Tech Industrial and Commercial HoldingLdingLtd的回報及其資本利用水平,沒有太多可報告的,因爲這兩個指標在過去五年中一直保持穩定。這告訴我們該公司沒有對自己進行再投資,因此它已經過了增長階段是合理的。考慮到這一點,除非將來投資再次回升,否則我們預計Jonjee Hi-Tech工業和商業控股有限公司未來不會成爲一家多口袋公司。由於投資機會較少,Jonjee Hi-Tech工業和商業控股有限公司向股東支付了可觀的31%的收益是有道理的。除非企業有極具吸引力的增長機會,否則他們通常會向股東返還一些錢。
The Bottom Line On Jonjee Hi-Tech Industrial and Commercial HoldingLtd's ROCE
Jonjee HiTech 工業和商業控股有限公司的 ROCE 的底線
In a nutshell, Jonjee Hi-Tech Industrial and Commercial HoldingLtd has been trudging along with the same returns from the same amount of capital over the last five years. And in the last five years, the stock has given away 22% so the market doesn't look too hopeful on these trends strengthening any time soon. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
簡而言之,在過去五年中,Jonjee Hi-Tech工業和商業控股有限公司一直在努力從相同數量的資本中獲得相同的回報。在過去的五年中,該股已經下跌了22%,因此市場對這些趨勢在短期內走強似乎並不抱太大希望。無論如何,該股票不具有上面討論的多袋裝股票的特徵,因此,如果您正在尋找這種特徵,我們認爲您在其他地方會更幸運。
On a final note, we've found 1 warning sign for Jonjee Hi-Tech Industrial and Commercial HoldingLtd that we think you should be aware of.
最後,我們發現了Jonjee Hi-Tech工業和商業控股有限公司的1個警告標誌,我們認爲你應該注意這個標誌。
While Jonjee Hi-Tech Industrial and Commercial HoldingLtd 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Jonjee Hi-Tech工業和商業控股有限公司的回報率並不高,但請查看這份免費的股本回報率高、資產負債表穩健的公司名單。
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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。