Qingdao Gaoce Technology (SHSE:688556) Might Become A Compounding Machine
Qingdao Gaoce Technology (SHSE:688556) Might Become A Compounding Machine
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. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. That's why when we briefly looked at Qingdao Gaoce Technology's (SHSE:688556) ROCE trend, we were very happy with what we saw.
尋找具有大幅增長潛力的企業並不容易,但如果我們看幾個關鍵的財務指標,這是可能的。首先,我們希望看到經過驗證的 返回 關於正在增加的資本使用率(ROCE),其次是擴大 基礎 已動用資本的百分比。這向我們表明,它是一臺複合機器,能夠持續將其收益再投資於業務併產生更高的回報。這就是爲什麼當我們簡要地看一下青島高策科技(SHSE: 688556)的ROCE趨勢時,我們對所看到的情況感到非常滿意。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
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 Qingdao Gaoce Technology is:
對於那些不知道的人來說,投資回報率是衡量公司年度稅前利潤(其回報率)與企業所用資本的關係。青島高測科技的計算公式爲:
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)
0.37 = CN¥1.7b ÷ (CN¥9.5b - CN¥4.9b) (Based on the trailing twelve months to September 2023).
0.37 = CN¥1.7b ≤(CN¥9.5b-CN¥4.9b) (基於截至2023年9月的過去十二個月)。
Therefore, Qingdao Gaoce Technology has an ROCE of 37%. In absolute terms that's a great return and it's even better than the Semiconductor industry average of 4.4%.
因此,青島高測科技的投資回報率爲37%。從絕對值來看,這是一個不錯的回報,甚至高於半導體行業4.4%的平均水平。
Check out our latest analysis for Qingdao Gaoce Technology
查看我們對青島高測科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231207/0-ba2b4c63f738ae0bdd805508e0e8e1c5-0-013ded7b64a277db0a9e9fc411a0e254.png/big)
In the above chart we have measured Qingdao Gaoce Technology'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 Qingdao Gaoce Technology.
在上面的圖表中,我們對青島高策科技之前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果你想了解分析師對未來的預測,你應該查看我們關於青島高策科技的免費報告。
The Trend Of ROCE
ROCE 的趨勢
Qingdao Gaoce Technology deserves to be commended in regards to it's returns. Over the past five years, ROCE has remained relatively flat at around 37% and the business has deployed 1,698% more capital into its operations. Now considering ROCE is an attractive 37%, this combination is actually pretty appealing because it means the business can consistently put money to work and generate these high returns. If Qingdao Gaoce Technology can keep this up, we'd be very optimistic about its future.
青島高策科技的回報值得讚揚。在過去五年中,投資回報率一直相對持平,約爲37%,該業務在運營中部署的資本增加了1,698%。現在,考慮到投資回報率爲37%,這種組合實際上非常有吸引力,因爲這意味着企業可以持續投入資金併產生高額回報。如果青島高測科技能夠保持這種狀態,我們將對其未來非常樂觀。
One more thing to note, even though ROCE has remained relatively flat over the last five years, the reduction in current liabilities to 51% of total assets, is good to see from a business owner's perspective. Effectively suppliers now fund less of the business, which can lower some elements of risk. We'd like to see this trend continue though because as it stands today, thats still a pretty high level.
還有一點需要注意,儘管投資回報率在過去五年中一直保持相對平穩,但從企業主的角度來看,流動負債減少到總資產的51%還是不錯的。實際上,供應商現在爲業務提供的資金減少了,這可以降低某些風險因素。不過,我們希望看到這種趨勢繼續下去,因爲就目前而言,這仍然是一個相當高的水平。
The Bottom Line On Qingdao Gaoce Technology's ROCE
青島高測科技投資回報率的底線
Qingdao Gaoce Technology has demonstrated its proficiency by generating high returns on increasing amounts of capital employed, which we're thrilled about. And the stock has done incredibly well with a 174% return over the last three years, so long term investors are no doubt ecstatic with that result. So while the positive underlying trends may be accounted for by investors, we still think this stock is worth looking into further.
青島高測科技通過增加資本使用量創造高回報,證明了自己的熟練程度,我們對此感到興奮。而且該股在過去三年中表現非常出色,回報率爲174%,因此長期投資者無疑對這一結果欣喜若狂。因此,儘管投資者可能解釋了積極的基本趨勢,但我們仍然認爲這隻股票值得進一步研究。
On a final note, we found 3 warning signs for Qingdao Gaoce Technology (1 makes us a bit uncomfortable) you should be aware of.
最後一點,我們發現了青島高策科技的三個警告標誌(1 個讓我們有點不舒服),你應該注意。
If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.
如果您想看到其他公司獲得高回報,請在此處查看我們的免費高回報且資產負債表穩健的公司名單。
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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根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。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,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。