Investors Should Be Encouraged By Suzhou Secote Precision ElectronicLTD's (SHSE:603283) Returns On Capital
Investors Should Be Encouraged By Suzhou Secote Precision ElectronicLTD's (SHSE:603283) Returns On Capital
0.31 = CN¥954m ÷ (CN¥6.2b - CN¥3.1b) 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. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Suzhou Secote Precision ElectronicLTD's (SHSE:603283) returns on capital, so let's have a look.
寻找一个有潜力大幅增长的公司并不容易，但如果我们查看一些关键的财务指标是可能的。首先，我们希望看到资本利用回报率(ROCE)不断增加，其次，资本利用的基础不断扩大。基本上，这意味着一个公司拥有盈利的倡议，可以继续重新投资，这是一个复利机器的特征。说到这一点，我们注意到苏州赛科精密电子股份有限公司(SHSE:603283)的资本回报率出现了一些很好的变化，让我们来看看。
Return On Capital Employed (ROCE): What Is It?
资本利用率（ROCE）是什么？
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. The formula for this calculation on Suzhou Secote Precision ElectronicLTD is:
只是为了澄清，如果您不确定，ROCE是评估公司在其业务中投入的资本赚取多少税前收入(以百分比计算)的指标。在苏州赛科精密电子股份有限公司进行这项计算的公式是：
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
资本利用率 = 利息和税前利润（EBIT） ÷ （总资产 - 流动负债）
0.31 = CN¥954m ÷ (CN¥6.2b - CN¥3.1b) (Based on the trailing twelve months to September 2024).
0.31 = 95400万 人民币 ÷ (6200000000 人民币 - 31亿 人民币) (基于截至2024年9月的最近十二个月)。
So, Suzhou Secote Precision ElectronicLTD has an ROCE of 31%. In absolute terms that's a great return and it's even better than the Machinery industry average of 5.4%.
因此，苏州赛科精密电子股份有限公司的ROCE为31%。就绝对值而言，这是一个很好的回报，甚至比机械行业平均水平5.4%还要好。
Above you can see how the current ROCE for Suzhou Secote Precision ElectronicLTD 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 Suzhou Secote Precision ElectronicLTD .
在这里，您可以看到苏州赛科特精密电子有限公司当前的资本回报率（ROCE）与其以往的资本回报率相比，但过去的数据只能告诉您这么多。如果您感兴趣，可以查看我们为苏州赛科特精密电子有限公司提供的免费分析师报告中的分析师预测。
The Trend Of ROCE
ROCE趋势
Investors would be pleased with what's happening at Suzhou Secote Precision ElectronicLTD. Over the last five years, returns on capital employed have risen substantially to 31%. 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 192%. So we're very much inspired by what we're seeing at Suzhou Secote Precision ElectronicLTD thanks to its ability to profitably reinvest capital.
投资者对苏州赛科特精密电子有限公司正在发生的变化会感到满意。在过去五年中，资本利用率大幅提高至31%。该公司在每一美元资本使用额外赚取更多钱，值得注意的是，资本金额也增加了192%。因此，我们对苏州赛科特精密电子有限公司所展现的能够有利可图地再投资资本的能力感到非常振奋。
On a separate but related note, it's important to know that Suzhou Secote Precision ElectronicLTD has a current liabilities to total assets ratio of 50%, which we'd consider pretty high. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.
另外，请注意，苏州赛科特精密电子有限公司的流动负债与总资产比率为50％，我们认为这相当高。这可能带来一些风险，因为该公司在很大程度上依赖其供应商或其他类型的短期债权人经营。理想情况下，我们希望看到这种比率降低，因为这意味着承担风险的义务减少。
In Conclusion...
最后，同等资本下回报率较低的趋势通常不是我们关注创业板股票的最佳信号。由于这些发展进行良好，因此投资者不太可能表现友好。自五年前以来，该股下跌了32%。除非这些指标朝着更积极的轨迹转变，否则我们将继续寻找其他股票。
In summary, it's great to see that Suzhou Secote Precision ElectronicLTD can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. Since the stock has returned a staggering 173% to shareholders over the last five years, it looks like investors are recognizing these changes. In light of that, we think it's worth looking further into this stock because if Suzhou Secote Precision ElectronicLTD can keep these trends up, it could have a bright future ahead.
总之，苏州赛科特精密电子有限公司能够通过持续以递增的回报率再投资资本来实现复利回报，这让人十分振奋，因为这是那些备受追捧的多倍股的关键要素之一。由于该股票在过去五年为股东们带来了惊人的173%回报，看起来投资者正在意识到这些变化。鉴于此，我们认为值得进一步研究这支股票，因为如果苏州赛科特精密电子有限公司能够保持这些趋势，它可能会迎来辉煌的明天。
On a separate note, we've found 1 warning sign for Suzhou Secote Precision ElectronicLTD you'll probably want to know about.
另外，我们发现苏州赛科特精密电子有1个警告标志，您可能想了解。
If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity.
如果您想寻找更多获得高回报的股票，请查看这个免费股票列表，这些股票不仅有扎实的资产负债表，而且还有高回报率。
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