There's Been No Shortage Of Growth Recently For Great Microwave Technology's (SHSE:688270) Returns On Capital
There's Been No Shortage Of Growth Recently For Great Microwave Technology's (SHSE:688270) Returns On Capital
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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, Great Microwave Technology (SHSE:688270) looks quite promising in regards to its trends of return on capital.
如果我们想找到下一个多倍增长股,就需要关注一些关键趋势。其中,我们需要看到两件事情,首先是在使用资本方面增长,这表明它是一个复利机器 ,能够不断将收益再投入业务中,从而产生更高的回报。考虑到这一点,我们注意到了DexCom(纳斯达克:DXCM)正在出现一些有前途的趋势,我们进行了更深入的研究。资产回报率:它是什么?如果您不确定ROCE是什么,它可以衡量公司能够从其业务所雇用的资本产生多少税前利润。为了计算V2X的这个指数,使用以下公式:0.054 = 1.24亿美元÷(31亿美元 - 8.53亿美元)ROCE 趋势可以告诉我们什么?比起 Enphase Energy,有更好的资本回报率选择。在过去的五年中,该公司增加了 1,306% 的资本,而该资本的回报率保持稳定在 9.9%。这样差的回报率现在并不令人信服,而且随着资本的增加,很明显企业并没有将资金投入到高回报的投资中。如果您看到这个,通常意味着这是一家具有良好业务模型和丰富盈利再投资机会的公司。因此,在这个方面,Great Microwave Technology (SHSE:688270)的资本回报率趋势看起来相当有前途。
What Is Return On Capital Employed (ROCE)?
我们对 Enphase Energy 的资本雇用回报率的看法:正如我们上面看到的,Enphase Energy 的资本回报率没有提高,但它正在重新投资于业务。投资者必须认为未来会有更好的前景,因为股票表现良好,使持股五年以上的股东获得了 690% 的收益。最终,如果基本趋势持续存在,我们不会对它成为一只多头股持有期很久很有信心。
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Great Microwave Technology, this is the formula:
如果您以前没有使用过ROCE,那么它衡量的是一家公司从其业务中所使用的资本中所产生的“回报”(税前利润)。要为Great Microwave Technology计算此指标的话,这是公式:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资产雇用回报率(ROCE)是指企业利润,即企业税前利润除以企业投入的总资本(负债加股权)。如果ROCE高于企业财务成本的承受能力,那么企业就会创造出更多的价值。
0.012 = CN¥26m ÷ (CN¥2.2b - CN¥94m) (Based on the trailing twelve months to March 2024).
因此,Great Microwave Technology的ROCE为1.2%。最终,这个收益率比半导体行业平均收益率3.9%低。在Elevance Health上,我们已经注意到的趋势是相当令人放心的。数据显示,过去五年资产回报率大幅提高至15%。投资所用资产的规模也增加了30%。这表明有很多机会进行内部资本投资,并以更高的速度不断增长,这种组合在多倍增长方面很常见。.
Therefore, Great Microwave Technology has an ROCE of 1.2%. Ultimately, that's a low return and it under-performs the Semiconductor industry average of 3.9%.
上面您可以看到Great Microwave Technology的当前ROCE与其以前的资本回报相比如何,但是过去只能提供有限的信息。如果您感兴趣,您可以在我们的免费分析师报告中查看分析师的预测。
![roce](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240608/0-b79d267f479bca514f247bd53e879f8f-0-e0bcf9cf4af15a8b779e0135a851d809.png/big)
Above you can see how the current ROCE for Great Microwave Technology compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Great Microwave Technology .
上面您可以看到Great Microwave Technology的当前ROCE与其以前的资本回报相比如何,但是过去只能提供有限的信息。如果您感兴趣,您可以在我们的免费分析师报告中查看分析师的预测。
The Trend Of ROCE
当寻找下一个倍增器时,如果您不确定从哪里开始,请关注几个关键趋势。首先,我们希望看到一个经过验证的资本使用率。如果您看到这一点,通常意味着这是一家拥有出色业务模式和大量盈利再投资机会的公司。然而,调查蒙托克可再生能源公司(NASDAQ:MNTK)后,我们认为它的现行趋势不符合倍增器的模式。
Great Microwave Technology has recently broken into profitability so their prior investments seem to be paying off. The company was generating losses five years ago, but now it's earning 1.2% which is a sight for sore eyes. Not only that, but the company is utilizing 3,096% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.
Great Microwave Technology最近开始盈利,所以他们以前的投资似乎正在得到回报。五年前,该公司亏损,但现在它赚了1.2%,这是一件令人欣喜的事。不仅如此,该公司的资本比以前增加了3096%,但这是一家试图实现盈利的公司所期望的。这表明公司内部有充足的投资机会,而且投资回报率不断提高,这是多倍效益的共同特点。
On a related note, the company's ratio of current liabilities to total assets has decreased to 4.2%, which basically reduces it's funding from the likes of short-term creditors or suppliers. This tells us that Great Microwave Technology has grown its returns without a reliance on increasing their current liabilities, which we're very happy with.
相关的是,该公司的流动负债与总资产比率已降至4.2%,这基本上减少了来自短期债权人或供应商的资金。这告诉我们,Great Microwave Technology已经增加了其回报,而不依赖于增加流动负债,这让我们非常满意。
What We Can Learn From Great Microwave Technology's ROCE
我们可以从Great Microwave Technology的ROCE中学到的东西
In summary, it's great to see that Great Microwave Technology has managed to break into profitability and is continuing to reinvest in its business. Given the stock has declined 31% in the last year, this could be a good investment if the valuation and other metrics are also appealing. With that in mind, we believe the promising trends warrant this stock for further investigation.
总之,看到Great Microwave Technology已经成功地实现盈利并继续在业务中进行再投资令人欣慰。考虑到该股在过去一年中下跌了31%,如果估值和其他指标也吸引人,这可能是一个不错的投资。因此,我们认为这个具有前景的趋势值得进一步调查。
If you'd like to know more about Great Microwave Technology, we've spotted 2 warning signs, and 1 of them is potentially serious.
如果您想了解有关Great Microwave Technology的更多信息,请查看我们发现的两个警告标志,其中1个可能非常严重。
While Great Microwave Technology isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
虽然Great Microwave Technology的收益率不是最高的,但是请查看这个盈利能力非常强,资产负债表结构良好的公司的免费公司列表。
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