Return Trends At Suzhou Nanomicro Technology (SHSE:688690) Aren't Appealing
Return Trends At Suzhou Nanomicro Technology (SHSE:688690) Aren't Appealing
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. 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 briefly looking over the numbers, we don't think Suzhou Nanomicro Technology (SHSE:688690) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
尋找具有大幅增長潛力的企業並不容易,但如果我們看幾個關鍵的財務指標,這是可能的。一種常見的方法是嘗試找一家公司 回報 論資本使用率(ROCE)在增加的同時增長 金額 所用資本的比例。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,在簡短地查看了這些數字之後,我們認爲蘇州納微科技(SHSE: 688690)在未來不具備多袋機的實力,但讓我們來看看爲什麼會這樣。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Suzhou Nanomicro Technology:
爲了澄清一下你是否不確定,ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入(按百分比計算)的指標。分析師使用以下公式來計算蘇州納微科技的計算公式:
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)
0.035 = CN¥66m ÷ (CN¥2.1b - CN¥147m) (Based on the trailing twelve months to December 2023).
0.035 = 6600萬元人民幣 ÷(21億元人民幣-1.47億元人民幣) (基於截至2023年12月的過去十二個月)。
So, Suzhou Nanomicro Technology has an ROCE of 3.5%. Ultimately, that's a low return and it under-performs the Chemicals industry average of 5.7%.
因此,蘇州納微科技的投資回報率爲3.5%。歸根結底,這是一個低迴報,其表現低於化工行業5.7%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240306/0-dbe148e180dd7f12906ec9092f011fab-0-a9469d1c0d9ca2094ad81d66143567db.png/big)
In the above chart we have measured Suzhou Nanomicro Technology's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Suzhou Nanomicro Technology .
在上圖中,我們將蘇州納微科技先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果您有興趣,可以在我們的蘇州納微科技免費分析師報告中查看分析師的預測。
What The Trend Of ROCE Can Tell Us
ROCE 的趨勢能告訴我們什麼
There are better returns on capital out there than what we're seeing at Suzhou Nanomicro Technology. Over the past five years, ROCE has remained relatively flat at around 3.5% and the business has deployed 806% 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.
那裏的資本回報比我們在蘇州納微科技看到的要好。在過去的五年中,投資回報率一直相對持平,約爲3.5%,該業務在運營中投入的資金增加了806%。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
底線
In conclusion, Suzhou Nanomicro Technology has been investing more capital into the business, but returns on that capital haven't increased. Since the stock has declined 59% over the last year, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.
總之,蘇州納微科技一直在向該業務投入更多資金,但該資本的回報率並未增加。由於該股去年下跌了59%,因此投資者對這一趨勢的改善可能也不太樂觀。總的來說,我們對潛在趨勢的啓發不大,我們認爲在其他地方找到多袋裝機的可能性更大。
If you'd like to know about the risks facing Suzhou Nanomicro Technology, we've discovered 1 warning sign that you should be aware of.
如果你想了解蘇州納微科技面臨的風險,我們發現了一個你應該注意的警告信號。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想尋找收益豐厚的穩健公司,可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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。