Zhe Jiang Headman MachineryLtd (SHSE:688577) Will Want To Turn Around Its Return Trends
Zhe Jiang Headman MachineryLtd (SHSE:688577) Will Want To Turn Around Its Return Trends
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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think Zhe Jiang Headman MachineryLtd (SHSE:688577) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
如果你正在尋找一家潛力股,有一些事情值得關注。一種常見的方法是嘗試找到一家資本僱用回報率(ROCE)逐步增長且不斷增加資本僱用的公司。基本上這意味着一家公司有盈利的舉措可以繼續投資,這是一個複利機器的特徵。然而,經過簡要查看數據後,我們認爲浙江申華機械股份有限公司(SHSE:688577)未來可能不具備成爲潛力股的條件,但讓我們看看可能的原因。
Return On Capital Employed (ROCE): What Is It?
資本利用率(ROCE)是什麼?
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 Zhe Jiang Headman MachineryLtd, this is the formula:
只是爲了澄清,如果你不確定,ROCE是一種用於評估公司在其業務中投資的資本所獲得的稅前收入的指標(以百分比表示)。要計算浙江申華機械股份有限公司的這個指標,可以使用以下公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資本利用率 = 利息和稅前利潤(EBIT) ÷ (總資產 - 流動負債)
0.011 = CN¥13m ÷ (CN¥1.6b - CN¥524m) (Based on the trailing twelve months to September 2024).
0.011 = 1300萬人民幣 ÷ (16億人民幣 - 524百萬人民幣) (基於2024年9月止的過去十二個月)。
So, Zhe Jiang Headman MachineryLtd has an ROCE of 1.1%. Ultimately, that's a low return and it under-performs the Machinery industry average of 5.5%.
因此,浙江申華機械股份有限公司的ROCE爲1.1%。歸根結底,這是一個較低的回報率,低於機械行業平均水平5.5%。
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 Zhe Jiang Headman MachineryLtd.
儘管過去並不能代表未來,但了解一家公司的歷史表現可能會很有幫助,這就是爲什麼我們有上面這張圖表。如果您想深入了解歷史收益,請查看這些免費圖表,詳細展示了浙江海人機械股份有限公司的營業收入和現金流表現。
How Are Returns Trending?
綜合上述,Cimpress非常有效地提高了其資本利用率所產生的回報。考慮到股票過去五年保持穩定,如果其他指標也不錯,則可能存在機會。因此,進一步研究這家公司並確定這些趨勢是否會持續是合理的。
When we looked at the ROCE trend at Zhe Jiang Headman MachineryLtd, we didn't gain much confidence. Around five years ago the returns on capital were 17%, but since then they've fallen to 1.1%. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. If these investments prove successful, this can bode very well for long term stock performance.
當我們觀察浙江海人機械股份有限公司的ROCE趨勢時,我們並沒有獲得太多信心。大約五年前,資本回報率爲17%,但自那時起下降到1.1%。然而,考慮到資本投入和營業收入都在增加,看起來業務目前正在追求增長,以短期回報爲代價。如果這些投資證明成功,這有可能對長期股票表現非常有利。
What We Can Learn From Zhe Jiang Headman MachineryLtd's ROCE
從浙江海人機械股份有限公司的ROCE能學到什麼
While returns have fallen for Zhe Jiang Headman MachineryLtd in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. However, despite the promising trends, the stock has fallen 15% over the last three years, so there might be an opportunity here for astute investors. So we think it'd be worthwhile to look further into this stock given the trends look encouraging.
儘管浙江海人機械股份有限公司的回報近年來有所下降,但我們很高興看到銷售額在增長,業務正在重新投資運營。然而,儘管走勢看似樂觀,股價在過去三年中下跌了15%,所以對於精明的投資者來說,可能存在機會。因此,我們認爲值得進一步研究這支股票,因爲趨勢看起來令人鼓舞。
Zhe Jiang Headman MachineryLtd does come with some risks though, we found 6 warning signs in our investment analysis, and 2 of those are a bit concerning...
浙江海人機械股份有限公司的確存在一些風險,根據我們的投資分析,我們發現了6個警示信號,其中有2個稍微令人擔憂...
While Zhe Jiang Headman MachineryLtd 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.
雖然浙江海人機械股份有限公司目前回報率並不是最高的,但我們已經整理了一份當前回報率超過25%的公司清單。請查看這裏的免費清單。
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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。