HIT Welding IndustryLtd (SZSE:301137) Might Be Having Difficulty Using Its Capital Effectively
HIT Welding IndustryLtd (SZSE:301137) Might Be Having Difficulty Using Its Capital Effectively
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing 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. Although, when we looked at HIT Welding IndustryLtd (SZSE:301137), it didn't seem to tick all of these boxes.
如果你在寻找下一款多功能装袋机时不确定从哪里开始,那么你应该留意一些关键趋势。理想情况下,企业将表现出两种趋势;首先是增长 返回 论资本使用率(ROCE),其次是增加 金额 所用资本的比例。如果你看到这一点,这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。但是,当我们查看HIT Welding IndustryLtd(深圳证券交易所代码:301137)时,它似乎并没有勾选所有这些方框。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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 HIT Welding IndustryLtd, this is the formula:
对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。要计算HIT Welding IndustryLtd的这个指标,公式如下:
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)
0.023 = CN¥31m ÷ (CN¥2.1b - CN¥761m) (Based on the trailing twelve months to September 2023).
0.023 = 3100万元人民币 ÷(21亿元人民币-7.61亿元人民币) (基于截至2023年9月的过去十二个月)。
So, HIT Welding IndustryLtd has an ROCE of 2.3%. Ultimately, that's a low return and it under-performs the Machinery industry average of 6.0%.
因此,HIT Welding IndustryLtd的投资回报率为2.3%。归根结底,这是一个低回报,其表现低于机械行业6.0%的平均水平。
View our latest analysis for HIT Welding IndustryLtd
查看我们对HIT焊接工业有限公司的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240123/0-672bbf77c88bb1095330cc44e6d4de27-0-93f5a097dcd06153f92602491b6a4157.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for HIT Welding IndustryLtd's ROCE against it's prior returns. If you're interested in investigating HIT Welding IndustryLtd's past further, check out this free graph of past earnings, revenue and cash flow.
历史表现是研究股票的绝佳起点,因此在上方您可以看到HIT Welding IndustryLtd的投资回报率与先前回报对比的指标。如果你有兴趣进一步调查HIT Welding IndustryLtd的过去,请查看这张过去收益、收入和现金流的免费图表。
The Trend Of ROCE
ROCE 的趋势
When we looked at the ROCE trend at HIT Welding IndustryLtd, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 2.3% from 14% five years ago. However it looks like HIT Welding IndustryLtd might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It may take some time before the company starts to see any change in earnings from these investments.
当我们查看HIT Welding IndustryLtd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14%下降到2.3%。但是,看来HIT Welding IndustryLtd可能会进行再投资以实现长期增长,因为尽管动用资本有所增加,但该公司的销售额在过去12个月中没有太大变化。公司可能需要一段时间才能开始看到这些投资的收益发生任何变化。
The Bottom Line
底线
To conclude, we've found that HIT Welding IndustryLtd is reinvesting in the business, but returns have been falling. Since the stock has gained an impressive 8.4% 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.
总而言之,我们发现HIT Welding IndustryLtd正在对该业务进行再投资,但回报率一直在下降。由于该股在过去一年中上涨了令人印象深刻的8.4%,投资者一定认为会有更好的事情发生。但是,除非这些潜在趋势变得更加乐观,否则我们不会抱太高的希望。
If you want to know some of the risks facing HIT Welding IndustryLtd we've found 3 warning signs (1 is a bit concerning!) that you should be aware of before investing here.
如果你想了解HIT Welding IndustryLtd面临的一些风险,我们发现了3个警告信号(1个有点令人担忧!)在这里投资之前,您应该注意这一点。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。
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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。