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Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) Will Want To Turn Around Its Return Trends

Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) Will Want To Turn Around Its Return Trends

浙江威爾森智能技術股份有限公司(SZSE:300882)將希望扭轉其回報趨勢
Simply Wall St ·  11/30 06:17

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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after briefly looking over the numbers, we don't think Zhejiang Wellsun Intelligent TechnologyLtd (SZSE:300882) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

如果我們想確定下一款多袋機,有一些關鍵的趨勢需要考慮。一種常見的方法是嘗試尋找一家動用資本回報率(ROCE)不斷增加且所用資本不斷增加的公司。如果你看到這一點,這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。但是,在簡短地查看了這些數字之後,我們認爲浙江萬順智能科技股份有限公司(SZSE: 300882)在未來不具備多裝袋機的實力,但讓我們來看看爲什麼會這樣。

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. To calculate this metric for Zhejiang Wellsun Intelligent TechnologyLtd, this is the formula:

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。要計算浙江萬順智能科技有限公司的這個指標,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)

0.13 = CN¥148m ÷ (CN¥1.5b - CN¥370m) (Based on the trailing twelve months to September 2024).

0.13 = 14800萬元人民幣 ÷(15元人民幣至3.7億元人民幣)(基於截至2024年9月的過去十二個月)。

So, Zhejiang Wellsun Intelligent TechnologyLtd has an ROCE of 13%. On its own, that's a standard return, however it's much better than the 5.5% generated by the Electronic industry.

因此,浙江萬順智能科技有限公司的投資回報率爲13%。就其本身而言,這是標準回報,但要比電子行業產生的5.5%好得多。

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SZSE:300882 Return on Capital Employed November 29th 2024
SZSE: 300882 2024 年 11 月 29 日動用資本回報率

Historical performance is a great place to start when researching a stock so above you can see the gauge for Zhejiang Wellsun Intelligent TechnologyLtd'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 Zhejiang Wellsun Intelligent TechnologyLtd.

歷史表現是研究股票的絕佳起點,因此在上方您可以看到浙江萬順智能科技有限公司的投資回報率與先前回報對比的指標。如果您想深入研究歷史收益,請查看這些免費圖表,詳細說明浙江萬盛智能科技有限公司的收入和現金流表現。

What Does the ROCE Trend For Zhejiang Wellsun Intelligent TechnologyLtd Tell Us?

浙江萬順智能科技有限公司的投資回報率趨勢告訴我們什麼?

On the surface, the trend of ROCE at Zhejiang Wellsun Intelligent TechnologyLtd doesn't inspire confidence. Around five years ago the returns on capital were 21%, but since then they've fallen to 13%. Given the business is employing more capital while revenue has slipped, this is a bit concerning. This could mean that the business is losing its competitive advantage or market share, because while more money is being put into ventures, it's actually producing a lower return - "less bang for their buck" per se.

從表面上看,浙江萬勝智能科技有限公司的投資回報率趨勢並不能激發信心。大約五年前,資本回報率爲21%,但此後已降至13%。鑑於該企業在收入下滑的情況下僱用了更多的資本,這有點令人擔憂。這可能意味着該企業正在失去其競爭優勢或市場份額,因爲儘管向風險投資投入了更多資金,但實際上產生的回報卻較低——本身 「性價比更低」。

On a related note, Zhejiang Wellsun Intelligent TechnologyLtd has decreased its current liabilities to 24% of total assets. That could partly explain why the ROCE has dropped. Effectively this means their suppliers or short-term creditors are funding less of the business, which reduces some elements of risk. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money.

與此相關的是,浙江萬順智能科技有限公司已將其流動負債減少至總資產的24%。這可以部分解釋投資回報率下降的原因。實際上,這意味着他們的供應商或短期債權人減少了對企業的融資,從而降低了某些風險因素。有人會聲稱這降低了企業產生投資回報的效率,因爲該公司現在正在用自己的資金爲更多的業務提供資金。

What We Can Learn From Zhejiang Wellsun Intelligent TechnologyLtd's ROCE

我們可以從浙江萬順智能科技有限公司的ROCE中學到什麼

From the above analysis, we find it rather worrisome that returns on capital and sales for Zhejiang Wellsun Intelligent TechnologyLtd have fallen, meanwhile the business is employing more capital than it was five years ago. Investors must expect better things on the horizon though because the stock has risen 10% in the last three years. Regardless, we don't like the trends as they are and if they persist, we think you might find better investments elsewhere.

從上述分析來看,我們發現相當令人擔憂的是,浙江萬盛智能科技有限公司的資本回報率和銷售回報率有所下降,同時該業務僱用的資金比五年前還要多。但是,投資者必須期待更好的局面,因爲該股在過去三年中上漲了10%。無論如何,我們不喜歡當前的趨勢,如果趨勢持續下去,我們認爲您可能會在其他地方找到更好的投資。

On a separate note, we've found 1 warning sign for Zhejiang Wellsun Intelligent TechnologyLtd you'll probably want to know about.

另一方面,我們發現了你可能想知道的浙江萬盛智能科技有限公司的1個警告標誌。

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,請查看這份具有穩健資產負債表和高股本回報率的公司的免費清單。

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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.

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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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。

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