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The Returns At Sichuan Zhongguang Lightning Protection Technologies (SZSE:300414) Aren't Growing

The Returns At Sichuan Zhongguang Lightning Protection Technologies (SZSE:300414) Aren't Growing

四川中光防雷科技(SZSE: 300414)的回報率沒有增長
Simply Wall St ·  02/23 16:02

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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 Sichuan Zhongguang Lightning Protection Technologies (SZSE:300414) and its ROCE trend, we weren't exactly thrilled.

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?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。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,當我們查看四川中光防雷科技(SZSE: 300414)及其投資回報率趨勢時,我們並不十分興奮。

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. The formula for this calculation on Sichuan Zhongguang Lightning Protection Technologies is:

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。四川中光防雷科技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)

0.03 = CN¥30m ÷ (CN¥1.2b - CN¥203m) (Based on the trailing twelve months to September 2023).

0.03 = 3000萬元人民幣 ÷(12億元人民幣-2.03億元人民幣) (基於截至2023年9月的過去十二個月)

So, Sichuan Zhongguang Lightning Protection Technologies has an ROCE of 3.0%. Ultimately, that's a low return and it under-performs the Electrical industry average of 6.3%.

因此,四川中光防雷科技的投資回報率爲3.0%。歸根結底,這是一個低迴報,其表現低於電氣行業6.3%的平均水平。

roce
SZSE:300414 Return on Capital Employed February 23rd 2024
SZSE: 300414 2024 年 2 月 23 日動用資本回報率

Historical performance is a great place to start when researching a stock so above you can see the gauge for Sichuan Zhongguang Lightning Protection Technologies' ROCE against it's prior returns. If you're interested in investigating Sichuan Zhongguang Lightning Protection Technologies' past further, check out this free graph covering Sichuan Zhongguang Lightning Protection Technologies' 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四川中光防雷科技的投資回報率與先前回報的對比。如果你有興趣進一步調查四川中光防雷科技的過去,請查看這張涵蓋四川中光防雷科技過去的收益、收入和現金流的免費圖表。

How Are Returns Trending?

退貨趨勢如何?

In terms of Sichuan Zhongguang Lightning Protection Technologies' historical ROCE trend, it doesn't exactly demand attention. Over the past five years, ROCE has remained relatively flat at around 3.0% and the business has deployed 21% 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.

就四川中光防雷科技的歷史ROCE趨勢而言,並不完全值得關注。在過去五年中,投資回報率一直相對持平,約爲3.0%,該業務在運營中投入的資金增加了21%。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 Sichuan Zhongguang Lightning Protection Technologies' ROCE

四川中光防雷科技投資回報率的底線

Long story short, while Sichuan Zhongguang Lightning Protection Technologies has been reinvesting its capital, the returns that it's generating haven't increased. And investors appear hesitant that the trends will pick up because the stock has fallen 20% in the last five years. All in all, the inherent trends aren't typical of multi-baggers, so if that's what you're after, we think you might have more luck elsewhere.

長話短說,儘管四川中光防雷科技一直在對其資本進行再投資,但其產生的回報並沒有增加。投資者似乎對趨勢能否回升猶豫不決,因爲該股在過去五年中下跌了20%。總而言之,多裝袋機的固有趨勢並不常見,因此,如果您想要這樣做,我們認爲您在其他地方可能會有更多的運氣。

On a final note, we found 2 warning signs for Sichuan Zhongguang Lightning Protection Technologies (1 is a bit concerning) you should be aware of.

最後,我們發現了四川中光防雷科技的兩個警告標誌(其中一個有點令人擔憂),你應該注意。

While Sichuan Zhongguang Lightning Protection Technologies isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

儘管四川中光防雷科技的回報率並不高,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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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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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