Returns On Capital Signal Difficult Times Ahead For Qingdao Eastsoft Communication TechnologyLtd (SZSE:300183)
Returns On Capital Signal Difficult Times Ahead For Qingdao Eastsoft Communication TechnologyLtd (SZSE:300183)
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase? Businesses in decline often have two underlying trends, firstly, a declining return on capital employed (ROCE) and a declining base of capital employed. Trends like this ultimately mean the business is reducing its investments and also earning less on what it has invested. So after we looked into Qingdao Eastsoft Communication TechnologyLtd (SZSE:300183), the trends above didn't look too great.
忽略公司的股價,有哪些潛在趨勢告訴我們企業已經過了增長階段?衰落的企業通常有兩個潛在趨勢,首先是衰退 返回 論資本使用率(ROCE)和下降情況 基礎 所用資本的比例。這樣的趨勢最終意味着該企業正在減少投資,同時也減少了其投資的收益。因此,在我們調查了青島東軟通信技術有限公司(深圳證券交易所代碼:300183)之後,上述趨勢看起來並不太好。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率(ROCE):這是什麼?
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. The formula for this calculation on Qingdao Eastsoft Communication TechnologyLtd is:
對於那些不確定ROCE是什麼的人,它衡量的是公司從其業務中使用的資本中可以產生的稅前利潤金額。青島東軟通信技術有限公司的計算公式爲:
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)
0.024 = CN¥77m ÷ (CN¥3.4b - CN¥246m) (Based on the trailing twelve months to September 2023).
0.024 = 7700萬元人民幣 ÷(34億元人民幣-2.46億元人民幣) (基於截至2023年9月的過去十二個月)。
Thus, Qingdao Eastsoft Communication TechnologyLtd has an ROCE of 2.4%. Ultimately, that's a low return and it under-performs the Communications industry average of 5.1%.
因此,青島東軟通信技術有限公司的投資回報率爲2.4%。歸根結底,這是一個低迴報,其表現低於通信行業5.1%的平均水平。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240328/0-7cbd06dc393ad5279ce67939bd8f0b93-0-fa1ae4077e8c7eaedb57118958c740c5.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Qingdao Eastsoft Communication TechnologyLtd's ROCE against it's prior returns. If you'd like to look at how Qingdao Eastsoft Communication TechnologyLtd has performed in the past in other metrics, you can view this free graph of Qingdao Eastsoft Communication TechnologyLtd's past earnings, revenue and cash flow.
歷史表現是研究股票的絕佳起點,因此在上方您可以看到青島東軟通信技術有限公司的投資回報率與先前回報的對比。如果你想在其他指標中查看青島東軟通信技術有限公司過去的表現,你可以查看這張青島東軟通信技術有限公司過去收益、收入和現金流的免費圖表。
What The Trend Of ROCE Can Tell Us
ROCE 的趨勢能告訴我們什麼
There is reason to be cautious about Qingdao Eastsoft Communication TechnologyLtd, given the returns are trending downwards. Unfortunately the returns on capital have diminished from the 4.5% that they were earning five years ago. Meanwhile, capital employed in the business has stayed roughly the flat over the period. This combination can be indicative of a mature business that still has areas to deploy capital, but the returns received aren't as high due potentially to new competition or smaller margins. So because these trends aren't typically conducive to creating a multi-bagger, we wouldn't hold our breath on Qingdao Eastsoft Communication TechnologyLtd becoming one if things continue as they have.
鑑於回報率呈下降趨勢,有理由對青島東軟通信技術有限公司持謹慎態度。不幸的是,資本回報率已從五年前的4.5%有所下降。同時,在此期間,該業務使用的資本基本保持不變。這種組合可能表明一家成熟的企業仍有資金部署的領域,但由於新的競爭或利潤率降低,獲得的回報並不那麼高。因此,由於這些趨勢通常不利於創建多袋機,因此,如果情況繼續保持現狀,我們就不會屏住呼吸希望青島東軟通信技術有限公司成爲一體。
In Conclusion...
總之...
In summary, it's unfortunate that Qingdao Eastsoft Communication TechnologyLtd is generating lower returns from the same amount of capital. It should come as no surprise then that the stock has fallen 23% over the last five years, so it looks like investors are recognizing these changes. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.
總而言之,不幸的是,青島東軟通信技術有限公司從相同數量的資本中獲得的回報較低。因此,該股在過去五年中下跌了23%也就不足爲奇了,因此投資者似乎已經意識到了這些變化。除非這些指標轉向更積極的軌跡,否則我們將把目光投向其他地方。
Qingdao Eastsoft Communication TechnologyLtd does come with some risks though, we found 2 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...
但是,青島東軟通信技術有限公司確實存在一些風險,我們在投資分析中發現了兩個警告信號,其中一個讓我們有點不舒服...
While Qingdao Eastsoft Communication TechnologyLtd may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
儘管青島東軟通信技術有限公司目前可能無法獲得最高的回報,但我們編制了一份目前股本回報率超過25%的公司名單。在這裏查看這個免費清單。
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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。