Return Trends At Kuangda Technology Group (SZSE:002516) Aren't Appealing
Return Trends At Kuangda Technology Group (SZSE:002516) Aren't Appealing
If you're looking for a multi-bagger, there's a few things to 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. In light of that, when we looked at Kuangda Technology Group (SZSE:002516) and its ROCE trend, we weren't exactly thrilled.
如果你正在寻找一款多功能装袋机,有几件事需要注意。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。基本上,这意味着公司拥有可以继续进行再投资的盈利计划,这是复合机器的特征。有鉴于此,当我们研究光大科技集团(深圳证券交易所:002516)及其投资回报率趋势时,我们并不感到非常兴奋。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率(ROCE):这是什么?
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 Kuangda Technology Group:
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光大科技集团的利润:
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)
0.058 = CN¥215m ÷ (CN¥4.2b - CN¥571m) (Based on the trailing twelve months to September 2023).
0.058 = 2.15亿元人民币 ÷(42亿元人民币-5.71亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Kuangda Technology Group has an ROCE of 5.8%. In absolute terms, that's a low return but it's around the Luxury industry average of 5.1%.
因此,旷达科技集团的投资回报率为5.8%。从绝对值来看,回报率很低,但约为奢侈品行业的平均水平5.1%。
See our latest analysis for Kuangda Technology Group
查看我们对光大科技集团的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240123/0-9a08719251eb29e3adfed3685a4f0183-0-83253cfccbae7f6063beb32300e933ec.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Kuangda Technology Group's ROCE against it's prior returns. If you're interested in investigating Kuangda Technology Group'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,因此您可以在上方看到光大科技集团的投资回报率与先前的回报对比的指标。如果您有兴趣进一步调查光大科技集团的过去,请查看这张免费的过去收益、收入和现金流图表。
How Are Returns Trending?
退货趋势如何?
There hasn't been much to report for Kuangda Technology Group's returns and its level of capital employed because both metrics have been steady for the past five years. It's not uncommon to see this when looking at a mature and stable business that isn't re-investing its earnings because it has likely passed that phase of the business cycle. So unless we see a substantial change at Kuangda Technology Group in terms of ROCE and additional investments being made, we wouldn't hold our breath on it being a multi-bagger.
光大科技集团的回报率及其资本利用水平没有太多可报告的,因为这两个指标在过去五年中一直保持稳定。在研究一家成熟稳定的企业时,这种情况并不少见,因为该企业可能已经过了商业周期的这一阶段,因此不进行收益再投资。因此,除非我们看到光大科技集团在投资回报率方面发生重大变化并进行额外投资,否则我们不会屏住呼吸成为一家多袋公司。
The Bottom Line
底线
We can conclude that in regards to Kuangda Technology Group's returns on capital employed and the trends, there isn't much change to report on. Although the market must be expecting these trends to improve because the stock has gained 76% over the last five years. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.
我们可以得出结论,就光大科技集团的已动用资本回报率和趋势而言,没有太大变化可报告。尽管市场必须预期这些趋势会有所改善,因为该股在过去五年中上涨了76%。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 continue researching Kuangda Technology Group, you might be interested to know about the 1 warning sign that our analysis has discovered.
如果你想继续研究光大科技集团,你可能有兴趣了解我们的分析发现的1个警告信号。
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.
对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。
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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。