Shenzhen Capchem Technology's (SZSE:300037) Returns Have Hit A Wall
Shenzhen Capchem Technology's (SZSE:300037) Returns Have Hit A Wall
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount 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. Although, when we looked at Shenzhen Capchem Technology (SZSE:300037), it didn't seem to tick all of these boxes.
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。除其他外,我們希望看到兩件事;首先,成長 返回 論資本使用率(ROCE),其次是公司的擴張 金額 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。但是,當我們查看深圳環球科技(深圳證券交易所代碼:300037)時,它似乎並沒有勾選所有這些方框。
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. To calculate this metric for Shenzhen Capchem Technology, this is the formula:
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。要計算深圳新興科技的這個指標,公式如下:
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)
0.089 = CN¥1.1b ÷ (CN¥18b - CN¥5.3b) (Based on the trailing twelve months to December 2023).
0.089 = 11億元人民幣 ÷(18億元人民幣-5.3億元人民幣) (基於截至2023年12月的過去十二個月)。
Therefore, Shenzhen Capchem Technology has an ROCE of 8.9%. On its own that's a low return, but compared to the average of 5.8% generated by the Chemicals industry, it's much better.
因此,深圳新邦科技的投資回報率爲8.9%。就其本身而言,回報率很低,但與化工行業平均5.8%的回報率相比,要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240422/0-4b054753aeb0b8f611c17bfd07f98437-0-97ae02aef887b21c0a96f74579131fe9.png/big)
In the above chart we have measured Shenzhen Capchem 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 Shenzhen Capchem Technology .
在上圖中,我們將深圳Capchem Technology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,可以在我們的深圳Capchem Technology免費分析師報告中查看分析師的預測。
How Are Returns Trending?
退貨趨勢如何?
In terms of Shenzhen Capchem Technology's historical ROCE trend, it doesn't exactly demand attention. The company has employed 294% more capital in the last five years, and the returns on that capital have remained stable at 8.9%. This poor ROCE doesn't inspire confidence right now, and with the increase in capital employed, it's evident that the business isn't deploying the funds into high return investments.
就深圳新興科技的歷史投資回報率趨勢而言,這並不完全值得關注。在過去五年中,該公司僱用的資本增加了294%,該資本的回報率一直穩定在8.9%。這種糟糕的投資回報率目前並不能激發信心,隨着所用資本的增加,很明顯,該企業沒有將資金部署到高回報的投資中。
What We Can Learn From Shenzhen Capchem Technology's ROCE
我們可以從深圳新邦科技的ROCE中學到什麼
As we've seen above, Shenzhen Capchem Technology's returns on capital haven't increased but it is reinvesting in the business. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 133% gain to shareholders who have held over the last five years. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward.
正如我們在上面看到的,深圳Capchem Technology的資本回報率沒有增加,但它正在對業務進行再投資。投資者一定認爲會有更好的事情發生,因爲該股已經脫穎而出,爲在過去五年中持股的股東帶來了133%的收益。歸根結底,如果潛在的趨勢持續下去,我們就不會屏住呼吸了,因爲它是未來的 “多管齊下”。
Like most companies, Shenzhen Capchem Technology does come with some risks, and we've found 1 warning sign that you should be aware of.
像大多數公司一樣,深圳環邦科技確實存在一些風險,我們發現了一個你應該注意的警告信號。
For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.
對於那些喜歡投資穩健公司的人,可以查看這份資產負債表穩健和股本回報率高的公司的免費清單。
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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。