Return Trends At Suzhou Nanomicro Technology (SHSE:688690) Aren't Appealing
Return Trends At Suzhou Nanomicro Technology (SHSE:688690) Aren't Appealing
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. 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. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think Suzhou Nanomicro Technology (SHSE:688690) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
寻找具有大幅增长潜力的企业并不容易,但如果我们看几个关键的财务指标,这是可能的。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。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。但是,在简短地查看了这些数字之后,我们认为苏州纳微科技(SHSE: 688690)在未来不具备多袋机的实力,但让我们来看看为什么会这样。
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 Suzhou Nanomicro Technology:
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。分析师使用以下公式来计算苏州纳微科技的计算公式:
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)
0.035 = CN¥66m ÷ (CN¥2.1b - CN¥147m) (Based on the trailing twelve months to December 2023).
0.035 = 6600万元人民币 ÷(21亿元人民币-1.47亿元人民币) (基于截至2023年12月的过去十二个月)。
So, Suzhou Nanomicro Technology has an ROCE of 3.5%. Ultimately, that's a low return and it under-performs the Chemicals industry average of 5.7%.
因此,苏州纳微科技的投资回报率为3.5%。归根结底,这是一个低回报,其表现低于化工行业5.7%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240306/0-dbe148e180dd7f12906ec9092f011fab-0-a9469d1c0d9ca2094ad81d66143567db.png/big)
In the above chart we have measured Suzhou Nanomicro Technology's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Suzhou Nanomicro Technology .
在上图中,我们将苏州纳微科技先前的投资回报率与之前的表现进行了对比,但可以说,未来更为重要。如果您有兴趣,可以在我们的苏州纳微科技免费分析师报告中查看分析师的预测。
What The Trend Of ROCE Can Tell Us
ROCE 的趋势能告诉我们什么
There are better returns on capital out there than what we're seeing at Suzhou Nanomicro Technology. Over the past five years, ROCE has remained relatively flat at around 3.5% and the business has deployed 806% more capital into its operations. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital.
那里的资本回报比我们在苏州纳微科技看到的要好。在过去的五年中,投资回报率一直相对持平,约为3.5%,该业务在运营中投入的资金增加了806%。鉴于该公司增加了动用资本金额,看来已经进行的投资根本无法提供很高的资本回报率。
The Bottom Line
底线
In conclusion, Suzhou Nanomicro Technology has been investing more capital into the business, but returns on that capital haven't increased. Since the stock has declined 59% over the last year, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.
总之,苏州纳微科技一直在向该业务投入更多资金,但该资本的回报率并未增加。由于该股去年下跌了59%,因此投资者对这一趋势的改善可能也不太乐观。总的来说,我们对潜在趋势的启发不大,我们认为在其他地方找到多袋装机的可能性更大。
If you'd like to know about the risks facing Suzhou Nanomicro Technology, we've discovered 1 warning sign that you should be aware of.
如果你想了解苏州纳微科技面临的风险,我们发现了一个你应该注意的警告信号。
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。