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Some Investors May Be Worried About Jiangsu Allfavor Intelligent Circuits TechnologyLtd's (SZSE:300964) Returns On Capital

Some Investors May Be Worried About Jiangsu Allfavor Intelligent Circuits TechnologyLtd's (SZSE:300964) Returns On Capital

一些投資者可能對江蘇奧福智能電路科技股份有限公司(深交所股票代碼:300964)的資本回報率感到擔憂
Simply Wall St ·  2023/10/21 22:26

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base 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. In light of that, when we looked at Jiangsu Allfavor Intelligent Circuits TechnologyLtd (SZSE:300964) and its ROCE trend, we weren't exactly thrilled.

如果我們想要識別下一個多袋子,有幾個關鍵趨勢需要尋找。首先,我們希望看到一個經過驗證的退貨關於已使用資本(ROCE)的增長,其次是擴張基地已動用資本的比例。如果你看到這個,通常意味著它是一家擁有出色商業模式和大量有利可圖的再投資機會的公司。有鑒於此,當我們看到江秀克艾爾福智慧電路科技有限公司(SZSE:300964)和它的ROCE趨勢,我們並不是很興奮。

Return On Capital Employed (ROCE): What Is It?

資本回報率(ROCE):它是什麼?

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 Jiangsu Allfavor Intelligent Circuits TechnologyLtd, this is the formula:

如果您不確定,只需澄清一下,ROCE是一種評估公司投資於其業務的資本獲得多少稅前收入(按百分比計算)的指標。要計算江秀克ALLBOWE智慧電路科技有限公司的這一指標,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)

0.0089 = CN¥9.2m ÷ (CN¥1.3b - CN¥293m) (Based on the trailing twelve months to June 2023).

0.0089=人民幣920萬?(人民幣13億元-人民幣2.93億元)(根據截至2023年6月的往績12個月計算)

So, Jiangsu Allfavor Intelligent Circuits TechnologyLtd has an ROCE of 0.9%. In absolute terms, that's a low return and it also under-performs the Electronic industry average of 5.3%.

所以,江秀克ALLBOWE智慧電路科技有限公司的淨資產收益率為0.9%。按絕對值計算,這是一個較低的回報率,也低於電子行業5.3%的平均水準。

See our latest analysis for Jiangsu Allfavor Intelligent Circuits TechnologyLtd

查看我們對江秀克艾爾貝利智慧電路科技有限公司的最新分析

roce
SZSE:300964 Return on Capital Employed October 22nd 2023
深圳證券交易所:300964 2023年10月22日的資本回報率

Historical performance is a great place to start when researching a stock so above you can see the gauge for Jiangsu Allfavor Intelligent Circuits TechnologyLtd's ROCE against it's prior returns. If you'd like to look at how Jiangsu Allfavor Intelligent Circuits TechnologyLtd has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.

在研究一隻股票時,歷史表現是一個很好的起點,因為在歷史表現上方,你可以看到江秀克艾爾貝利智慧電路技術有限公司的ROCE相對於其先前回報的衡量標準。如果你想看看江秀克艾爾福智慧電路科技有限公司過去在其他指標上的表現,你可以查看以下內容免費過去收益、收入和現金流的圖表。

The Trend Of ROCE

ROCE的發展趨勢

When we looked at the ROCE trend at Jiangsu Allfavor Intelligent Circuits TechnologyLtd, we didn't gain much confidence. Around five years ago the returns on capital were 16%, but since then they've fallen to 0.9%. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.

當我們看著江秀克雅培智慧電路科技有限公司的ROCE趨勢時,我們並沒有獲得太多的信心。大約五年前,資本回報率為16%,但自那以來已降至0.9%。另一方面,該公司一直在使用更多的資本,但去年的銷售額沒有相應的改善,這可能表明這些投資是更長期的投資。從現在開始,值得密切關注該公司的收益,看看這些投資最終是否真的為利潤做出了貢獻。

In Conclusion...

總之..。

In summary, Jiangsu Allfavor Intelligent Circuits TechnologyLtd is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. Since the stock has gained an impressive 51% over the last year, investors must think there's better things to come. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.

總而言之,江秀克ALLBOVE智慧電路技術有限公司正在將資金重新投資到業務中,以實現增長,但不幸的是,銷售額似乎還沒有增加多少。由於該股在過去一年中上漲了51%,投資者肯定認為未來會有更好的事情發生。然而,除非這些潛在趨勢變得更加積極,否則我們不會抱太大希望。

On a final note, we found 3 warning signs for Jiangsu Allfavor Intelligent Circuits TechnologyLtd (2 can't be ignored) you should be aware of.

最後,我們發現江秀克艾爾福智慧電路科技有限公司的3個警示標誌(2)不能忽視)你應該知道。

While Jiangsu Allfavor Intelligent Circuits TechnologyLtd 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.

雖然江秀克ALLBOOWE智慧電路技術有限公司目前的回報率可能不是最高的,但我們已經編制了一份目前股本回報率超過25%的公司名單。看看這個免費在這裡列出。

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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.

對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
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.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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