Returns On Capital Are Showing Encouraging Signs At Ningbo TechmationLtd (SHSE:603015)
Returns On Capital Are Showing Encouraging Signs At Ningbo TechmationLtd (SHSE:603015)
There are a few key trends to look for if we want to identify the next multi-bagger. 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 Ningbo TechmationLtd (SHSE:603015) and its trend of ROCE, we really liked what we saw.
如果我们想确定下一个多功能装袋机,有一些关键趋势需要关注。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,当我们查看宁波科创股份有限公司(上海证券交易所代码:603015)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)
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. The formula for this calculation on Ningbo TechmationLtd is:
对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。Ningbo TechmationLtd 的计算公式为:
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)
0.051 = CN¥87m ÷ (CN¥2.1b - CN¥380m) (Based on the trailing twelve months to March 2024).
0.051 = 8700万元人民币 ÷(21亿元人民币-3.8亿元人民币) (基于截至2024年3月的过去十二个月)。
So, Ningbo TechmationLtd has an ROCE of 5.1%. In absolute terms, that's a low return but it's around the Electronic industry average of 5.5%.
因此,宁波科创有限公司的投资回报率为5.1%。从绝对值来看,回报率很低,但约为电子行业的平均水平5.5%。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240427/0-9acc4aab5d2c30354ad218590796d63f-0-d97292ddcfc1d977bd3b57a793ca6cc3.png/big)
Historical performance is a great place to start when researching a stock so above you can see the gauge for Ningbo TechmationLtd's ROCE against it's prior returns. If you're interested in investigating Ningbo TechmationLtd's past further, check out this free graph covering Ningbo TechmationLtd's past earnings, revenue and cash flow.
在研究股票时,历史表现是一个很好的起点,因此在上面你可以看到宁波创业有限公司的投资回报率与先前回报的对比。如果你有兴趣进一步调查Ningbo TechmationLtd的过去,请查看这张免费图表,该图表涵盖了宁波TechmationLtd过去的收益、收入和现金流。
So How Is Ningbo TechmationLtd's ROCE Trending?
那么,宁波科迈科技有限公司的投资回报率走势如何?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The data shows that returns on capital have increased substantially over the last five years to 5.1%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 37%. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, a combination that's common among multi-baggers.
尽管从绝对值来看,投资回报率仍然很低,但很高兴看到它正朝着正确的方向前进。数据显示,在过去五年中,资本回报率大幅上升至5.1%。实际上,该公司每使用1美元资本就能赚更多的钱,值得注意的是,资本金额也增加了37%。这可能表明,内部有很多机会以更高的利率进行资本投资,这种组合在多袋公司中很常见。
Our Take On Ningbo TechmationLtd's ROCE
我们对宁波科迈科技有限公司投资回报率的看法
To sum it up, Ningbo TechmationLtd has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Considering the stock has delivered 18% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up.
总而言之,Ningbo TechmationLtd已经证明它可以对业务进行再投资,并从所使用的资本中获得更高的回报,这太棒了。考虑到该股在过去五年中已为股东带来了18%的收益,可以公平地认为,投资者尚未完全意识到前景的趋势。因此,如果估值和其他指标相提并论,进一步探索这只股票可能会发现一个很好的机会。
Before jumping to any conclusions though, we need to know what value we're getting for the current share price. That's where you can check out our FREE intrinsic value estimation for 603015 that compares the share price and estimated value.
但是,在得出任何结论之前,我们需要知道当前股价将获得什么价值。在这里,您可以查看我们对603015的免费内在价值估算,其中比较了股价和估计价值。
While Ningbo TechmationLtd 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.
尽管宁波TechmationLtd目前可能无法获得最高的回报,但我们编制了一份目前股本回报率超过25%的公司名单。在这里查看这个免费清单。
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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。