Triumph Science & TechnologyLtd (SHSE:600552) Might Have The Makings Of A Multi-Bagger
Triumph Science & TechnologyLtd (SHSE:600552) Might Have The Makings Of A Multi-Bagger
To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at Triumph Science & TechnologyLtd (SHSE:600552) and its trend of ROCE, we really liked what we saw.
要找到一只多袋装箱的股票,我们应该在企业中寻找哪些潜在趋势?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。简而言之,这些类型的企业是复合机器,这意味着他们不断以更高的回报率对收益进行再投资。因此,当我们研究凯旋科学与技术有限公司(SHSE: 600552)及其投资回报率趋势时,我们真的很喜欢我们所看到的。
Understanding Return On Capital Employed (ROCE)
了解资本使用回报率 (ROCE)
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Triumph Science & TechnologyLtd:
为了澄清一下你是否不确定,ROCE是评估公司从投资于其业务的资本中获得多少税前收入(按百分比计算)的指标。分析师使用这个公式来计算 Triumph 科学与技术有限公司的利润:
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)
0.018 = CN¥107m ÷ (CN¥11b - CN¥4.6b) (Based on the trailing twelve months to September 2023).
0.018 = 1.07亿元人民币 ÷(11亿元人民币-4.6亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, Triumph Science & TechnologyLtd has an ROCE of 1.8%. Ultimately, that's a low return and it under-performs the Electronic industry average of 5.3%.
因此,凯旋科技有限公司的投资回报率为1.8%。归根结底,这是一个低回报,其表现低于电子行业5.3%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240229/0-61763b041381f75ad0e8224612966cd3-0-c03396402a8fe80d7bf2c0c92d6b334d.png/big)
Above you can see how the current ROCE for Triumph Science & TechnologyLtd compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Triumph Science & TechnologyLtd for free.
上面你可以看到Triumph Science & TechnologyLtd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。如果你愿意,你可以免费查看报道Triumph Science & TechnologyLtd的分析师的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. Over the last five years, returns on capital employed have risen substantially to 1.8%. The amount of capital employed has increased too, by 65%. So we're very much inspired by what we're seeing at Triumph Science & TechnologyLtd thanks to its ability to profitably reinvest capital.
尽管投资回报率的绝对值仍然很低,但很高兴看到它正朝着正确的方向前进。在过去五年中,已动用资本回报率大幅上升至1.8%。使用的资本金额也增加了65%。因此,我们在Triumph Science & TechnologyLtd所看到的情况给我们带来了极大的启发,这要归功于它能够盈利地进行资本再投资。
Another thing to note, Triumph Science & TechnologyLtd has a high ratio of current liabilities to total assets of 44%. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.
需要注意的另一件事是,凯旋科技有限公司的流动负债与总资产的比率很高,为44%。这实际上意味着供应商(或短期债权人)正在为业务的很大一部分提供资金,因此请注意,这可能会带来一些风险因素。虽然这不一定是坏事,但如果这个比率较低,可能会有好处。
The Bottom Line
底线
A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what Triumph Science & TechnologyLtd has. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 63% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.
一家资本回报率不断提高且能够持续进行自我再投资的公司是一个备受追捧的特征,而这正是Triumph Science & TechnologyLtd所拥有的。投资者似乎对未来有更多期望,因为该股在过去五年中为股东提供了63%的回报。因此,我们认为值得您花时间检查这些趋势是否会持续下去。
If you'd like to know more about Triumph Science & TechnologyLtd, we've spotted 3 warning signs, and 1 of them doesn't sit too well with us.
如果你想进一步了解Triumph Science & TechnologyLtd,我们已经发现了3个警告标志,其中一个不太适合我们。
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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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。