Aoshikang Technology (SZSE:002913) May Have Issues Allocating Its Capital
Aoshikang Technology (SZSE:002913) May Have Issues Allocating Its Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Although, when we looked at Aoshikang Technology (SZSE:002913), it didn't seem to tick all of these boxes.
如果我们想找到一只可以长期成倍增长的股票,我们应该寻找哪些潜在趋势?一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 所用资本的比例。归根结底,这表明这是一家以不断提高的回报率对利润进行再投资的企业。但是,当我们查看奥士康科技(SZSE:002913)时,它似乎并没有勾选所有这些方框。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Aoshikang Technology:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。分析师使用这个公式来计算奥世康科技的利润:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
已动用资本回报率 = 息税前收益 (EBIT) ¥(总资产-流动负债)
0.049 = CN¥254m ÷ (CN¥7.9b - CN¥2.7b) (Based on the trailing twelve months to September 2023).
0.049 = 2.54亿元人民币 ÷(79亿元人民币-27亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Aoshikang Technology has an ROCE of 4.9%. On its own that's a low return on capital but it's in line with the industry's average returns of 5.0%.
因此,奥世康科技的投资回报率为4.9%。这本身就是很低的资本回报率,但与该行业5.0%的平均回报率一致。
View our latest analysis for Aoshikang Technology
查看我们对奥士康科技的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240119/0-87bcc65246fdc00a512980a6e232a5ca-0-0009ef4996e3143e68dc051dc3110739.png/big)
Above you can see how the current ROCE for Aoshikang Technology compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
上面你可以看到奥士康科技当前的投资回报率与其先前的资本回报率相比如何,但从过去可以看出来的只有那么多。如果您有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
What Does the ROCE Trend For Aoshikang Technology Tell Us?
奥士康科技的投资回报率趋势告诉我们什么?
When we looked at the ROCE trend at Aoshikang Technology, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 4.9% from 12% five years ago. 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.
当我们查看奥士康科技的投资回报率趋势时,我们并没有获得太大的信心。在过去五年中,资本回报率从五年前的12%下降到4.9%。另一方面,该公司在去年一直在使用更多资本,但销售额没有相应改善,这可能表明这些投资是长期投资。从现在起,值得关注公司的收益,看看这些投资最终是否确实为利润做出了贡献。
The Bottom Line On Aoshikang Technology's ROCE
奥士康科技投资回报率的底线
In summary, Aoshikang Technology is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And investors may be recognizing these trends since the stock has only returned a total of 33% to shareholders over the last five years. As a result, if you're hunting for a multi-bagger, we think you'd have more luck elsewhere.
总而言之,奥士康科技正在将资金再投资到该业务中以实现增长,但不幸的是,销售额似乎还没有太大增长。投资者可能会意识到这些趋势,因为在过去五年中,该股总共只给股东带来了33%的回报。因此,如果你正在寻找一台多袋装机,我们认为你在其他地方会有更多的运气。
On a final note, we've found 3 warning signs for Aoshikang Technology that we think you should be aware of.
最后,我们发现了奥世康科技的3个警告信号,我们认为您应该注意这些信号。
While Aoshikang Technology 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.
尽管奥士康科技目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这个免费清单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。