Hangzhou Honghua Digital Technology Stock (SHSE:688789) Is Reinvesting At Lower Rates Of Return
Hangzhou Honghua Digital Technology Stock (SHSE:688789) Is Reinvesting At Lower Rates Of Return
If you're looking for a multi-bagger, there's a few things to keep an eye out for. 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. Although, when we looked at Hangzhou Honghua Digital Technology Stock (SHSE:688789), it didn't seem to tick all of these boxes.
如果你正在尋找一款多功能裝袋機,有幾件事需要注意。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。但是,當我們查看杭州宏華數碼科技股票(SHSE: 688789)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)
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Hangzhou Honghua Digital Technology Stock, this is the formula:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。要計算杭州宏華數碼科技股票的這個指標,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)
0.12 = CN¥370m ÷ (CN¥3.6b - CN¥547m) (Based on the trailing twelve months to March 2024).
0.12 = 3.7億元人民幣 ÷(36億元人民幣-5.47億元人民幣) (基於截至2024年3月的過去十二個月)。
Therefore, Hangzhou Honghua Digital Technology Stock has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Machinery industry average of 6.2% it's much better.
因此,杭州宏華數碼科技股票的投資回報率爲12%。從絕對值來看,這是一個令人滿意的回報,但與機械行業6.2%的平均水平相比,回報要好得多。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240504/0-db3a3b419158bd5afcd7598b7ef71c51-0-ce30fa1df772828dffd8bbdfd1fd5d42.png/big)
Above you can see how the current ROCE for Hangzhou Honghua Digital Technology Stock compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Hangzhou Honghua Digital Technology Stock .
上面你可以看到杭州宏華數碼科技股票當前的投資回報率與之前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果你想了解分析師對未來的預測,你應該查看我們關於杭州宏華數碼科技股票的免費分析師報告。
What Can We Tell From Hangzhou Honghua Digital Technology Stock's ROCE Trend?
我們可以從杭州宏華數碼科技股票的ROCE趨勢中得出什麼?
On the surface, the trend of ROCE at Hangzhou Honghua Digital Technology Stock doesn't inspire confidence. Over the last five years, returns on capital have decreased to 12% from 26% five years ago. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run.
從表面上看,杭州宏華數碼科技股票的投資回報率走勢並不能激發信心。在過去五年中,資本回報率從五年前的26%下降到12%。儘管考慮到該業務的收入和資產數量都有所增加,但這可能表明該公司正在投資增長,而額外的資本導致了投資回報率的短期下降。而且,如果增加的資本產生額外的回報,那麼從長遠來看,企業乃至股東都將受益。
In Conclusion...
總之...
Even though returns on capital have fallen in the short term, we find it promising that revenue and capital employed have both increased for Hangzhou Honghua Digital Technology Stock. Furthermore the stock has climbed 15% over the last year, it would appear that investors are upbeat about the future. So while investors seem to be recognizing these promising trends, we would look further into this stock to make sure the other metrics justify the positive view.
儘管短期內資本回報率有所下降,但我們認爲杭州宏華數碼科技股票的收入和所用資本均有所增加是有希望的。此外,該股去年上漲了15%,看來投資者對未來持樂觀態度。因此,儘管投資者似乎意識到了這些令人鼓舞的趨勢,但我們將進一步研究該股,以確保其他指標證明正面觀點是合理的。
If you'd like to know about the risks facing Hangzhou Honghua Digital Technology Stock, we've discovered 1 warning sign that you should be aware of.
如果你想了解杭州宏華數碼科技股票所面臨的風險,我們發現了一個你應該注意的警告信號。
While Hangzhou Honghua Digital Technology Stock 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.
儘管杭州宏華數碼科技股票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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。