Ningbo Huaxiang Electronic (SZSE:002048) Hasn't Managed To Accelerate Its Returns
Ningbo Huaxiang Electronic (SZSE:002048) 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? 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. With that in mind, the ROCE of Ningbo Huaxiang Electronic (SZSE:002048) looks decent, right now, so lets see what the trend of returns can tell us.
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。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。考慮到這一點,寧波華翔電子(SZSE:002048)的投資回報率目前看起來不錯,所以讓我們看看回報趨勢能告訴我們什麼。
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. Analysts use this formula to calculate it for Ningbo Huaxiang Electronic:
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寧波華翔電子的利潤:
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)
0.11 = CN¥1.8b ÷ (CN¥26b - CN¥10b) (Based on the trailing twelve months to December 2023).
0.11 = 18億元人民幣 ÷(26億元人民幣-10億元人民幣) (基於截至2023年12月的過去十二個月)。
Therefore, Ningbo Huaxiang Electronic has an ROCE of 11%. In absolute terms, that's a satisfactory return, but compared to the Auto Components industry average of 5.8% it's much better.
因此,寧波華翔電子的投資回報率爲11%。從絕對值來看,這是一個令人滿意的回報,但與汽車零部件行業平均水平的5.8%相比,回報要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240301/0-94922a7b7503f052c27f90871e71f155-0-c9abd3048150c4c36d9fb98543989b41.png/big)
Above you can see how the current ROCE for Ningbo Huaxiang Electronic 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 analyst report for Ningbo Huaxiang Electronic .
上面你可以看到寧波華翔電子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,你應該查看我們爲寧波華翔電子提供的免費分析師報告。
What The Trend Of ROCE Can Tell Us
ROCE 的趨勢能告訴我們什麼
While the returns on capital are good, they haven't moved much. Over the past five years, ROCE has remained relatively flat at around 11% and the business has deployed 54% more capital into its operations. 11% is a pretty standard return, and it provides some comfort knowing that Ningbo Huaxiang Electronic has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns.
儘管資本回報率不錯,但變化不大。在過去的五年中,投資回報率一直保持相對平穩,約爲11%,該業務在運營中投入的資本增加了54%。11%的回報率相當標準,知道寧波華翔電子一直賺取這筆錢,這讓人感到欣慰。在很長一段時間內,這樣的回報可能不會太令人興奮,但只要保持一致,它們可以在股價回報方面獲得回報。
The Bottom Line
底線
In the end, Ningbo Huaxiang Electronic has proven its ability to adequately reinvest capital at good rates of return. However, over the last five years, the stock has only delivered a 19% return to shareholders who held over that period. That's why it could be worth your time looking into this stock further to discover if it has more traits of a multi-bagger.
最終,寧波華翔電子已經證明了其以良好的回報率進行充分資本再投資的能力。但是,在過去五年中,該股票僅爲在此期間持股的股東帶來了19%的回報。這就是爲什麼你值得花時間進一步研究這隻股票以了解它是否具有更多多袋裝的特徵。
One more thing, we've spotted 1 warning sign facing Ningbo Huaxiang Electronic that you might find interesting.
還有一件事,我們在寧波華翔電子面前發現了一個警告標誌,你可能會覺得有趣。
While Ningbo Huaxiang Electronic isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管寧波華翔電子的回報率並不高,但請查看這份免費清單,列出了資產負債表穩健的股本回報率高的公司。
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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。