There Are Reasons To Feel Uneasy About Landai Technology Group's (SZSE:002765) Returns On Capital
There Are Reasons To Feel Uneasy About Landai Technology Group's (SZSE:002765) Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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 investigating Landai Technology Group (SZSE:002765), we don't think it's current trends fit the mold of a multi-bagger.
找到一傢俱有大幅增長潛力的企業並非易事,但如果我們看看幾個關鍵的財務指標,這是可能的。通常,我們會注意到一種增長的趨勢退貨關於已使用資本(ROCE)以及與之相伴隨的是不斷擴大的基地已動用資本的比例。基本上,這意味著一家公司有盈利的舉措,可以繼續進行再投資,這是復合機器的一個特點。不過,經過調查,藍泰科技集團(SZSE:002765),我們認為目前的趨勢不適合多袋子模式。
Return On Capital Employed (ROCE): What Is It?
資本回報率(ROCE):它是什麼?
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 Landai Technology Group is:
對於那些不知道的人來說,ROCE是一家公司的年度稅前利潤(其回報)相對於業務資本的衡量標準。藍泰科技集團的這一計算公式為:
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)
0.021 = CN¥76m ÷ (CN¥5.2b - CN¥1.5b) (Based on the trailing twelve months to June 2023).
0.021=CN元7600萬?(CN元52億-CN元15億)(根據截至2023年6月的往績12個月計算)。
Thus, Landai Technology Group has an ROCE of 2.1%. Ultimately, that's a low return and it under-performs the Auto Components industry average of 5.6%.
因此,藍泰科技集團的淨資產收益率為2.1%。歸根結底,這是一個較低的回報率,表現低於汽車零部件行業5.6%的平均水準。
See our latest analysis for Landai Technology Group
查看我們對藍泰科技集團的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231014/0-038810d633da8dfc19ef8d84c884de62-0-40627e1ed680cc089c8e4deecb85e2d0.png/big)
In the above chart we have measured Landai Technology Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Landai Technology Group.
在上面的圖表中,我們衡量了藍泰科技集團之前的淨資產收益率與其之前的表現,但可以說,未來更重要。如果您想查看分析師對未來的預測,您應該查看我們的免費為藍泰科技集團做報告。
What The Trend Of ROCE Can Tell Us
ROCE的走勢告訴我們什麼
The trend of ROCE doesn't look fantastic because it's fallen from 6.3% five years ago, while the business's capital employed increased by 96%. However, some of the increase in capital employed could be attributed to the recent capital raising that's been completed prior to their latest reporting period, so keep that in mind when looking at the ROCE decrease. It's unlikely that all of the funds raised have been put to work yet, so as a consequence Landai Technology Group might not have received a full period of earnings contribution from it.
ROCE的趨勢看起來並不美妙,因為它比五年前的6.3%有所下降,而企業的資本投入卻增加了96%。然而,已使用資本的增加可能部分歸因於最近在其最新報告期之前完成的資本籌集,因此在查看ROCE下降時請記住這一點。不太可能所有籌集的資金都已經投入使用,因此藍泰科技集團可能沒有從它那裡獲得完整的收益貢獻期。
In Conclusion...
總之..。
To conclude, we've found that Landai Technology Group is reinvesting in the business, but returns have been falling. And with the stock having returned a mere 39% in the last five years to shareholders, you could argue that they're aware of these lackluster trends. Therefore, if you're looking for a multi-bagger, we'd propose looking at other options.
總而言之,我們發現藍泰科技集團正在對該業務進行再投資,但回報一直在下降。過去五年,該公司股票對股東的回報率僅為39%,你可以說,他們意識到了這些低迷的趨勢。因此,如果您正在尋找一個多袋子,我們建議尋找其他選擇。
If you want to know some of the risks facing Landai Technology Group we've found 3 warning signs (1 is significant!) that you should be aware of before investing here.
如果你想知道蘭代科技集團面臨的一些風險,我們找到了3個警示標誌(1很重要!)在這裡投資之前你應該意識到這一點。
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.
對於那些喜歡投資於穩固的公司,看看這個免費資產負債表穩健、股本回報率高的公司名單。
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本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.