Returns Are Gaining Momentum At Juli Sling (SZSE:002342)
Returns Are Gaining Momentum At Juli Sling (SZSE:002342)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? 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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in Juli Sling's (SZSE:002342) returns on capital, so let's have a 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?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。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。說到這裏,我們注意到Juli Sling(深圳證券交易所:002342)的資本回報率發生了一些重大變化,所以讓我們來看看吧。
What Is Return On Capital Employed (ROCE)?
什麼是資本使用回報率(ROCE)?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Juli Sling is:
如果你以前沒有與ROCE合作過,它會衡量公司從其業務中使用的資本中產生的 “回報”(稅前利潤)。在 Juli Sling 上進行此計算的公式爲:
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)
0.012 = CN¥33m ÷ (CN¥4.8b - CN¥2.0b) (Based on the trailing twelve months to September 2023).
0.012 = 3300萬元人民幣 ÷(4.8億元人民幣-2.0億元人民幣) (基於截至2023年9月的過去十二個月)。
Therefore, Juli Sling has an ROCE of 1.2%. Ultimately, that's a low return and it under-performs the Metals and Mining industry average of 6.6%.
因此,Juli Sling的投資回報率爲1.2%。歸根結底,這是一個低迴報,其表現低於金屬和採礦業6.6%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240419/0-d2bd5de4bdb3bb878aff8d8066241f50-0-ca780e075064efcbc1b47cb70bbed560.png/big)
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Juli Sling.
雖然過去並不能代表未來,但了解一家公司的歷史表現可能會有所幫助,這就是我們上面有這張圖表的原因。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Juli Sling的收入和現金流表現。
What Does the ROCE Trend For Juli Sling Tell Us?
Juli Sling的投資回報率趨勢告訴我們什麼?
We're delighted to see that Juli Sling is reaping rewards from its investments and has now broken into profitability. While the business was unprofitable in the past, it's now turned things around and is earning 1.2% on its capital. On top of that, what's interesting is that the amount of capital being employed has remained steady, so the business hasn't needed to put any additional money to work to generate these higher returns. That being said, while an increase in efficiency is no doubt appealing, it'd be helpful to know if the company does have any investment plans going forward. Because in the end, a business can only get so efficient.
我們很高興看到Juli Sling從其投資中獲得回報,現在已經實現盈利。儘管該業務過去無利可圖,但現在已經扭轉了局面,其資本收益爲1.2%。最重要的是,有趣的是,所使用的資本金額一直保持穩定,因此該企業無需投入任何額外資金來創造更高的回報。話雖如此,儘管效率的提高無疑很有吸引力,但了解該公司未來是否有任何投資計劃會很有幫助。因爲歸根結底,企業只能變得如此高效。
On a side note, Juli Sling's current liabilities are still rather high at 42% of total assets. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
順便說一句,Juli Sling的流動負債仍然相當高,佔總資產的42%。這實際上意味着供應商(或短期債權人)正在爲業務的很大一部分提供資金,因此請注意,這可能會帶來一些風險因素。雖然這不一定是壞事,但如果這個比率較低,可能會有好處。
The Key Takeaway
關鍵要點
To bring it all together, Juli Sling has done well to increase the returns it's generating from its capital employed. Astute investors may have an opportunity here because the stock has declined 24% in the last five years. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
綜上所述,Juli Sling在提高其使用資本產生的回報方面做得很好。精明的投資者可能在這裏有機會,因爲該股在過去五年中下跌了24%。既然如此,對公司當前估值指標和未來前景的研究似乎很合適。
On a separate note, we've found 2 warning signs for Juli Sling you'll probably want to know about.
另一方面,我們發現了你可能想知道的兩個 Juli Sling 的警告信號。
While Juli Sling 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Juli Sling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。