Focus Media Information Technology (SZSE:002027) Will Be Hoping To Turn Its Returns On Capital Around
Focus Media Information Technology (SZSE:002027) Will Be Hoping To Turn Its Returns On Capital Around
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. Having said that, while the ROCE is currently high for Focus Media Information Technology (SZSE:002027), we aren't jumping out of our chairs because returns are decreasing.
如果我們想找到潛在的多袋裝袋機,通常有一些潛在的趨勢可以提供線索。首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 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。話雖如此,儘管Focus Media Information Technology(SZSE:002027)目前的投資回報率很高,但我們並不是因爲回報率下降而跳出困境。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
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 Focus Media Information Technology 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。分衆媒體信息技術計算公式爲:
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)
0.21 = CN¥3.7b ÷ (CN¥23b - CN¥5.0b) (Based on the trailing twelve months to September 2023).
0.21 = 37億元人民幣 ÷(23億元人民幣-5.0億元人民幣) (基於截至2023年9月的過去十二個月)。
Therefore, Focus Media Information Technology has an ROCE of 21%. That's a fantastic return and not only that, it outpaces the average of 4.8% earned by companies in a similar industry.
因此,分衆媒體信息技術的投資回報率爲21%。這是一個了不起的回報,不僅如此,它還超過了類似行業公司的平均4.8%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240325/0-a84990bacaaddda5f2626df47da75aa5-0-eb11c0414590f86547b569cd34e4da26.png/big)
In the above chart we have measured Focus Media Information 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 Focus Media Information Technology .
在上圖中,我們將Focus Media Information Technology先前的投資回報率與之前的表現進行了比較,但可以說,未來更爲重要。如果您有興趣,可以在我們的免費Focus Media信息技術分析師報告中查看分析師的預測。
What Can We Tell From Focus Media Information Technology's ROCE Trend?
我們可以從Focus Media信息技術的ROCE趨勢中得出什麼?
In terms of Focus Media Information Technology's historical ROCE movements, the trend isn't fantastic. To be more specific, while the ROCE is still high, it's fallen from 48% where it was five years ago. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.
就Focus Media Information Technology的歷史投資回報率走勢而言,這一趨勢並不理想。更具體地說,儘管投資回報率仍然很高,但已從五年前的48%有所下降。另一方面,該公司在去年一直在使用更多資本,但銷售額沒有相應改善,這可能表明這些投資是長期投資。從現在起,值得關注公司的收益,看看這些投資最終是否確實爲利潤做出了貢獻。
Our Take On Focus Media Information Technology's ROCE
我們對 Focus Media 信息技術的 ROCE 的看法
Bringing it all together, while we're somewhat encouraged by Focus Media Information Technology's reinvestment in its own business, we're aware that returns are shrinking. And with the stock having returned a mere 26% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. So if you're looking for a multi-bagger, the underlying trends indicate you may have better chances elsewhere.
綜上所述,儘管Focus Media Information Technology對自有業務的再投資使我們感到有些鼓舞,但我們意識到回報正在萎縮。而且,由於該股在過去五年中僅向股東回報了26%,因此你可以說他們意識到了這些乏善可陳的趨勢。因此,如果你正在尋找一款多袋裝車,潛在的趨勢表明你在其他地方的機會可能更大。
One more thing, we've spotted 2 warning signs facing Focus Media Information Technology that you might find interesting.
還有一件事,我們發現了Focus Media Information Technology面臨的兩個警告標誌,你可能會覺得有趣。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果你想搜索更多獲得高回報的股票,可以查看這份資產負債表穩健且淨資產回報率也很高的股票的免費清單。
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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。