Returns On Capital Are Showing Encouraging Signs At Ningbo TechmationLtd (SHSE:603015)
Returns On Capital Are Showing Encouraging Signs At Ningbo TechmationLtd (SHSE:603015)
There are a few key trends to look for if we want to identify the next multi-bagger. 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at Ningbo TechmationLtd (SHSE:603015) and its trend of ROCE, we really liked what we saw.
如果我們想確定下一個多功能裝袋機,有一些關鍵趨勢需要關注。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。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。因此,當我們查看寧波科創股份有限公司(上海證券交易所代碼:603015)及其投資回報率趨勢時,我們真的很喜歡我們所看到的。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (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. The formula for this calculation on Ningbo TechmationLtd 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。Ningbo TechmationLtd 的計算公式爲:
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)
0.051 = CN¥87m ÷ (CN¥2.1b - CN¥380m) (Based on the trailing twelve months to March 2024).
0.051 = 8700萬元人民幣 ÷(21億元人民幣-3.8億元人民幣) (基於截至2024年3月的過去十二個月)。
So, Ningbo TechmationLtd has an ROCE of 5.1%. In absolute terms, that's a low return but it's around the Electronic industry average of 5.5%.
因此,寧波科創有限公司的投資回報率爲5.1%。從絕對值來看,回報率很低,但約爲電子行業的平均水平5.5%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240427/0-9acc4aab5d2c30354ad218590796d63f-0-d97292ddcfc1d977bd3b57a793ca6cc3.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Ningbo TechmationLtd's ROCE against it's prior returns. If you're interested in investigating Ningbo TechmationLtd's past further, check out this free graph covering Ningbo TechmationLtd's past earnings, revenue and cash flow.
在研究股票時,歷史表現是一個很好的起點,因此在上面你可以看到寧波創業有限公司的投資回報率與先前回報的對比。如果你有興趣進一步調查Ningbo TechmationLtd的過去,請查看這張免費圖表,該圖表涵蓋了寧波TechmationLtd過去的收益、收入和現金流。
So How Is Ningbo TechmationLtd's ROCE Trending?
那麼,寧波科邁科技有限公司的投資回報率走勢如何?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 5.1%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 37%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
儘管從絕對值來看,投資回報率仍然很低,但很高興看到它正朝着正確的方向前進。數據顯示,在過去五年中,資本回報率大幅上升至5.1%。實際上,該公司每使用1美元資本就能賺更多的錢,值得注意的是,資本金額也增加了37%。這可能表明,內部有很多機會以更高的利率進行資本投資,這種組合在多袋公司中很常見。
Our Take On Ningbo TechmationLtd's ROCE
我們對寧波科邁科技有限公司投資回報率的看法
To sum it up, Ningbo TechmationLtd has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Considering the stock has delivered 18% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.
總而言之,Ningbo TechmationLtd已經證明它可以對業務進行再投資,並從所使用的資本中獲得更高的回報,這太棒了。考慮到該股在過去五年中已爲股東帶來了18%的收益,可以公平地認爲,投資者尚未完全意識到前景的趨勢。因此,如果估值和其他指標相提並論,進一步探索這隻股票可能會發現一個很好的機會。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for 603015 that compares the share price and estimated value.
但是,在得出任何結論之前,我們需要知道當前股價將獲得什麼價值。在這裏,您可以查看我們對603015的免費內在價值估算,其中比較了股價和估計價值。
While Ningbo TechmationLtd 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.
儘管寧波TechmationLtd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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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。