Here's What's Concerning About Genbyte Technology's (SZSE:003028) Returns On Capital
Here's What's Concerning About Genbyte Technology's (SZSE:003028) Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? 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. Having said that, from a first glance at Genbyte Technology (SZSE:003028) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
我們應該尋找哪些趨勢?我們想確定可以長期價值成倍增長的股票?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。話雖如此,乍一看Genbyte Technology(深圳證券交易所:003028),我們並不是對回報趨勢不屑一顧,但讓我們更深入地了解一下。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率(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. Analysts use this formula to calculate it for Genbyte Technology:
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。分析師使用以下公式來計算Genbyte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)
0.082 = CN¥124m ÷ (CN¥1.9b - CN¥405m) (Based on the trailing twelve months to June 2023).
0.082 = 1.24億元人民幣 ÷(19億元人民幣-4.05億元人民幣) (基於截至 2023 年 6 月的過去十二個月)。
Therefore, Genbyte Technology has an ROCE of 8.2%. In absolute terms, that's a low return, but it's much better than the Electrical industry average of 6.4%.
因此,Genbyte Technology的投資回報率爲8.2%。從絕對值來看,回報率很低,但比電氣行業6.4%的平均水平要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240326/0-868a496bc80b59fca6e77295c7f2ce7f-0-49e8022f87873439ff59e9aef91f942d.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Genbyte Technology's ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Genbyte Technology.
歷史表現是研究股票的絕佳起點,因此在上方您可以看到Genbyte Technology的投資回報率與先前回報率的對比。如果您想深入研究歷史收益,請查看這些免費圖表,詳細說明Genbyte Technology的收入和現金流表現。
How Are Returns Trending?
退貨趨勢如何?
When we looked at the ROCE trend at Genbyte Technology, we didn't gain much confidence. To be more specific, ROCE has fallen from 30% over the last five years. And considering revenue has dropped while employing more capital, we'd be cautious. This could mean that the business is losing its competitive advantage or market share, because while more money is being put into ventures, it's actually producing a lower return - "less bang for their buck" per se.
當我們查看Genbyte Technology的投資回報率趨勢時,我們並沒有獲得太大的信心。更具體地說,投資回報率已從過去五年的30%下降。考慮到在僱用更多資本的同時收入有所下降,我們會謹慎行事。這可能意味着該企業正在失去其競爭優勢或市場份額,因爲儘管向風險投資投入了更多資金,但實際上產生的回報卻較低——本身 “性價比更低”。
The Bottom Line On Genbyte Technology's ROCE
Genbyte Technology 投資回報率的底線
We're a bit apprehensive about Genbyte Technology because despite more capital being deployed in the business, returns on that capital and sales have both fallen. And, the stock has remained flat over the last three years, so investors don't seem too impressed either. That being the case, unless the underlying trends revert to a more positive trajectory, we'd consider looking elsewhere.
我們對Genbyte Technology有點擔心,因爲儘管在業務中部署了更多資金,但資本回報率和銷售額都下降了。而且,該股在過去三年中一直保持平穩,因此投資者似乎也沒有留下太深刻的印象。既然如此,除非潛在趨勢恢復到更積極的軌跡,否則我們會考慮將目光投向其他地方。
On a final note, we've found 2 warning signs for Genbyte Technology that we think you should be aware of.
最後,我們發現了Genbyte Technology的兩個警告信號,我們認爲您應該注意這些信號。
While Genbyte Technology may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
儘管Genbyte Technology目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。
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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.
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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。