Returns Are Gaining Momentum At Shenzhen Soling IndustrialLtd (SZSE:002766)
Returns Are Gaining Momentum At Shenzhen Soling IndustrialLtd (SZSE:002766)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So on that note, Shenzhen Soling IndustrialLtd (SZSE:002766) looks quite promising in regards to its trends of return on capital.
在尋找高增長的股票時,我們應該尋找哪些業務的潛在趨勢?首先,我們要看到資本僱用的已證明的回報率(ROCE)正在增加,其次是不斷擴大的資本僱用基礎。最終,這表明這是一個通過以不斷增加的收益率重投利潤的業務。基於這個原因,深圳市索菱實業股份有限公司(SZSE:002766)在其資本回報率的趨勢上看起來非常有前途。
Understanding Return On Capital Employed (ROCE)
上面您可以看到蒙托克可再生能源現行ROCE與之前資本回報的比較,但過去只能知道這麼多。如果您感興趣,可以查看我們免費的蒙托克可再生能源分析師報告,了解分析師的預測。
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. The formula for this calculation on Shenzhen Soling IndustrialLtd is:
對於那些不確定ROCE是什麼的人來說,ROCE衡量的是一家公司可以從其業務中使用的投入資本產生的稅前利潤。此公式計算深圳市索菱實業股份有限公司的ROCE:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率(ROCE)是指企業利潤,即企業稅前利潤除以企業投入的總資本(負債加股權)。如果ROCE高於企業財務成本的承受能力,那麼企業就會創造出更多的價值。
0.042 = CN¥31m ÷ (CN¥1.2b - CN¥430m) (Based on the trailing twelve months to March 2024).
0.042 = CN¥3100萬 ÷ (CN¥12億 - CN¥430m)(基於截至2024年3月的過去12個月)。
Therefore, Shenzhen Soling IndustrialLtd has an ROCE of 4.2%. Ultimately, that's a low return and it under-performs the Auto Components industry average of 6.9%.
因此,深圳市索菱實業股份有限公司的ROCE爲4.2%。最終,這是一個較低的回報率,並且低於汽車元件行業平均回報率的6.9%。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240801/0-715da10281c5405c8f54bbd3e7d465fe-0-998db347a2845302d7aaad0646f74dfd.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Shenzhen Soling IndustrialLtd'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 Shenzhen Soling IndustrialLtd.
歷史表現是研究股票時的絕佳起點,因此您可以看到深圳市索菱實業股份有限公司的ROCE相對於其先前收益的評估。如果您想深入了解歷史收益,請查看這些免費的圖表,詳細說明深圳市索菱實業股份有限公司的營業收入和現金流表現。
What The Trend Of ROCE Can Tell Us
儘管如此,當我們看 enphase energy (納斯達克股票代碼:ENPH) 的時候,它似乎並沒有完全符合這些要求。
It's great to see that Shenzhen Soling IndustrialLtd has started to generate some pre-tax earnings from prior investments. While the business is profitable now, it used to be incurring losses on invested capital five years ago. At first glance, it seems the business is getting more proficient at generating returns, because over the same period, the amount of capital employed has reduced by 59%. This could potentially mean that the company is selling some of its assets.
很高興看到深圳市索菱實業股份有限公司已經開始從之前的投資中產生稅前收益。雖然該公司現在是盈利的,但五年前它在投資資本上還曾遭受虧損。乍一看,似乎這家公司正在變得更加善於產生回報,因爲在同一時期內,僱用的資本金額減少了59%。這可能意味着公司正在出售其一些資產。
One more thing to note, Shenzhen Soling IndustrialLtd has decreased current liabilities to 37% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. So shareholders would be pleased that the growth in returns has mostly come from underlying business performance.
還有一件事要注意的是,深圳市索菱實業股份有限公司在這段時間內將流動負債降至總資產的37%,有效降低了來自供應商或短期債權人的資金投入。因此,股東們會高興地看到其回報的增長主要來自基本業務表現。
In Conclusion...
最後,同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好,因此投資者不太可能表現友好。自五年前以來,該股下跌了32%。除非這些指標朝着更積極的軌跡轉變,否則我們將繼續尋找其他股票。
In a nutshell, we're pleased to see that Shenzhen Soling IndustrialLtd has been able to generate higher returns from less capital. Since the stock has returned a staggering 128% to shareholders over the last five years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.
總之,我們很高興看到深圳市索菱實業股份有限公司能夠從更小的資本中產生更高的回報。由於該股票在過去五年中爲股東帶來了驚人的128%回報,因此看來投資者正在認識到這些變化。因此,我們認爲檢查這些趨勢是否會繼續值得您花費時間。
Like most companies, Shenzhen Soling IndustrialLtd 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,深圳市索菱實業股份有限公司也存在一些風險,我們發現1項警告信號需要您注意。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果您想尋找財務狀況良好、回報卓越的實力強企業,可以免費查看以下公司列表。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。