Returns On Capital At Suntak TechnologyLtd (SZSE:002815) Paint A Concerning Picture
Returns On Capital At Suntak TechnologyLtd (SZSE:002815) Paint A Concerning Picture
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, from a first glance at Suntak TechnologyLtd (SZSE:002815) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look.
如果我們想確定下一個多功能裝袋機,有一些關鍵趨勢需要關注。除其他外,我們希望看到兩件事;首先,成長 返回 論資本使用率(ROCE),其次是公司的擴張 金額 所用資本的比例。簡而言之,這些類型的企業是複合機器,這意味着他們不斷以更高的回報率對收益進行再投資。話雖如此,從崇達科技有限公司(SZSE:002815)的第一眼來看,我們並不是對回報趨勢不屑一顧,但讓我們更深入地了解一下。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
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 Suntak TechnologyLtd, this is the formula:
對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。要計算Suntak TechnologyLtd的這個指標,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)
0.077 = CN¥736m ÷ (CN¥12b - CN¥2.5b) (Based on the trailing twelve months to September 2023).
0.077 = 7.36億元人民幣 ÷(12億元人民幣-2.5億元人民幣) (基於截至2023年9月的過去十二個月)。
Therefore, Suntak TechnologyLtd has an ROCE of 7.7%. On its own that's a low return, but compared to the average of 5.0% generated by the Electronic industry, it's much better.
因此,崇達科技有限公司的投資回報率爲7.7%。就其本身而言,回報率很低,但與電子行業平均5.0%的回報率相比,要好得多。
Check out our latest analysis for Suntak TechnologyLtd
查看我們對Suntak TechnologyLtd的最新分析
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240201/0-7ad5dd42d27afa3d1f809d84770d0fff-0-6bb0fab8abc8bcec8c221d9bf19b08c8.png/big)
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Suntak TechnologyLtd has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.
雖然過去並不能代表未來,但了解一家公司的歷史表現可能會有所幫助,這就是我們上面有這張圖表的原因。如果你想在其他指標中查看Suntak TechnologyLtd過去的表現,你可以查看這張過去收益、收入和現金流的免費圖表。
So How Is Suntak TechnologyLtd's ROCE Trending?
那麼崇達科技有限公司的投資回報率趨勢如何呢?
On the surface, the trend of ROCE at Suntak TechnologyLtd doesn't inspire confidence. To be more specific, ROCE has fallen from 19% over the last five years. However it looks like Suntak TechnologyLtd 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'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.
從表面上看,崇達科技有限公司的投資回報率趨勢並不能激發信心。更具體地說,投資回報率已從過去五年的19%下降了。但是,看來Suntak TechnologyLtd可能正在進行再投資以實現長期增長,因爲儘管動用資本有所增加,但該公司的銷售額在過去12個月中沒有太大變化。從現在起,值得關注公司的收益,看看這些投資最終是否確實爲利潤做出了貢獻。
The Key Takeaway
關鍵要點
In summary, Suntak TechnologyLtd is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. And investors appear hesitant that the trends will pick up because the stock has fallen 38% in the last five years. In any case, the stock doesn't have these traits of a multi-bagger discussed above, so if that's what you're looking for, we think you'd have more luck elsewhere.
總而言之,Suntak TechnologyLtd正在將資金再投資到該業務中以實現增長,但不幸的是,銷售額似乎還沒有太大增長。投資者似乎對趨勢的回升猶豫不決,因爲該股在過去五年中下跌了38%。無論如何,該股票不具有上面討論的多袋裝股票的特徵,因此,如果您正在尋找這種特徵,我們認爲您在其他地方會更幸運。
If you'd like to know about the risks facing Suntak TechnologyLtd, we've discovered 2 warning signs that you should be aware of.
如果您想了解Suntak TechnologyLtd面臨的風險,我們發現了兩個警告信號,您應該注意。
While Suntak TechnologyLtd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
儘管Suntak TechnologyLtd的回報率並不高,但請查看這份免費的股票回報率高、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。