Returns At Shenzhen SEICHI Technologies (SHSE:688627) Are On The Way Up
Returns At Shenzhen SEICHI Technologies (SHSE:688627) Are On The Way Up
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, Shenzhen SEICHI Technologies (SHSE:688627) looks quite promising in regards to its trends of return on capital.
尋找潛力股的時候,我們應該關注業務內部的趨勢。在完美的世界裏,我們希望看到公司投入更多資本並且從中獲得的收益也相應增加。這表明公司具備複合能力,能夠持續將收益再投入業務中,實現更高的回報。因此,深圳市賽馳科技股份有限公司(SHSE:688627)的資本回報率趨勢非常有前景。
Return On Capital Employed (ROCE): What Is It?
資本僱用回報率(ROCE)是什麼?
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. Analysts use this formula to calculate it for Shenzhen SEICHI Technologies:
對於不了解的人來說,ROCE是衡量公司年利潤(收益)與業務承擔的資本之間關係的指標。分析師使用這個公式計算深圳市賽馳科技股份有限公司的ROCE:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
資產僱用回報率(ROCE)是指企業利潤,即企業稅前利潤除以企業投入的總資本(負債加股權)。如果ROCE高於企業財務成本的承受能力,那麼企業就會創造出更多的價值。
0.042 = CN¥73m ÷ (CN¥1.9b - CN¥232m) (Based on the trailing twelve months to March 2024).
0.042=CN¥7300萬÷(CN¥19億-CN¥232m)(基於截至2024年3月的過去12個月)
So, Shenzhen SEICHI Technologies has an ROCE of 4.2%. On its own, that's a low figure but it's around the 5.2% average generated by the Electronic industry.
因此,深圳市賽馳科技股份有限公司的ROCE爲4.2%。單獨看這個數字不高,但與電子行業平均5.2%相近。
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Above you can see how the current ROCE for Shenzhen SEICHI Technologies 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 Shenzhen SEICHI Technologies .
您可以看到深圳市賽馳科技股份有限公司當前ROCE與之前的資本回報率相比如何,但是過去的情況只能告訴我們有限的信息。如果您感興趣,可以查看我們爲深圳市賽馳科技股份有限公司編寫的免費分析師報告中的分析師預測。
What Does the ROCE Trend For Shenzhen SEICHI Technologies Tell Us?
深圳市賽馳科技股份有限公司的ROCE趨勢告訴我們什麼?
The fact that Shenzhen SEICHI Technologies is now generating some pre-tax profits from its prior investments is very encouraging. About five years ago the company was generating losses but things have turned around because it's now earning 4.2% on its capital. In addition to that, Shenzhen SEICHI Technologies is employing 1,719% more capital than previously which is expected of a company that's 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.
深圳市賽馳科技股份有限公司現在從之前的投資中獲得了一些稅前利潤,這是非常令人鼓舞的。五年前公司在賺取收益之前還在虧損,但現在它能夠獲得4.2%的回報率。此外,深圳市賽馳科技股份有限公司投入的資本比以前多1719%,這是一家試圖實現盈利的公司應該做的。這可以表明公司內部有足夠的資本投資機會並且在投資中獲得更高的收益,這是潛力股的共同特徵。
One more thing to note, Shenzhen SEICHI Technologies has decreased current liabilities to 12% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. This tells us that Shenzhen SEICHI Technologies has grown its returns without a reliance on increasing their current liabilities, which we're very happy with.
還有一件事需要注意的是,深圳市賽馳科技股份有限公司在這段時間內將流動負債降至總資產的12%,這有效地降低了來自供應商或短期債權人的資金籌集量。這告訴我們深圳市賽馳科技股份有限公司增加了收益,而沒有依賴增加流動負債,這是我們非常滿意的地方。
In Conclusion...
最後,同等資本下回報率較低的趨勢通常不是我們關注創業板股票的最佳信號。由於這些發展進行良好,因此投資者不太可能表現友好。自五年前以來,該股下跌了32%。除非這些指標朝着更積極的軌跡轉變,否則我們將繼續尋找其他股票。
Overall, Shenzhen SEICHI Technologies gets a big tick from us thanks in most part to the fact that it is now profitable and is reinvesting in its business. And since the stock has fallen 42% over the last year, there might be an opportunity here. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
總的來說,深圳市賽馳科技股份有限公司在我們這裏得到了大大的認可,主要是因爲它已經實現盈利並且正在將收益再投資到業務中。因爲這隻股票在過去一年中下跌了42%,可能會提供機會。既然這樣,研究公司的當前估值指標和未來前景似乎是必要的。
If you'd like to know more about Shenzhen SEICHI Technologies, we've spotted 3 warning signs, and 1 of them is a bit unpleasant.
如果您想了解有關深圳市賽馳科技股份有限公司的更多信息,我們已經發現了3個警告信號,其中1個有點不愉快。
While Shenzhen SEICHI Technologies 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.
儘管深圳市賽馳科技股份有限公司目前的收益不是最高的,但我們已經編制了一份比目前25%以上的淨資產收益率更高的公司列表。在這裏查看免費列表。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。