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Investors Met With Slowing Returns on Capital At Anji Microelectronics Technology (Shanghai) (SHSE:688019)
Investors Met With Slowing Returns on Capital At Anji Microelectronics Technology (Shanghai) (SHSE:688019)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base 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 ran our eye over Anji Microelectronics Technology (Shanghai)'s (SHSE:688019) trend of ROCE, we liked what we saw.
Understanding Return On Capital Employed (ROCE)
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. To calculate this metric for Anji Microelectronics Technology (Shanghai), this is the formula:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.11 = CN¥154m ÷ (CN¥1.7b - CN¥297m) (Based on the trailing twelve months to March 2022).
So, Anji Microelectronics Technology (Shanghai) has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 8.0% generated by the Semiconductor industry.
View our latest analysis for Anji Microelectronics Technology (Shanghai)
SHSE:688019 Return on Capital Employed June 6th 2022Above you can see how the current ROCE for Anji Microelectronics Technology (Shanghai) 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 report on analyst forecasts for the company.
What Does the ROCE Trend For Anji Microelectronics Technology (Shanghai) Tell Us?
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has employed 401% more capital in the last five years, and the returns on that capital have remained stable at 11%. 11% is a pretty standard return, and it provides some comfort knowing that Anji Microelectronics Technology (Shanghai) has consistently earned this amount. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
In Conclusion...
To sum it up, Anji Microelectronics Technology (Shanghai) has simply been reinvesting capital steadily, at those decent rates of return. And the stock has followed suit returning a meaningful 22% to shareholders over the last year. So while investors seem to be recognizing these promising trends, we still believe the stock deserves further research.
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 3 warning signs for Anji Microelectronics Technology (Shanghai) (of which 1 is significant!) that you should know about.
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base 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 ran our eye over Anji Microelectronics Technology (Shanghai)'s (SHSE:688019) trend of ROCE, we liked what we saw.
要找到一只多袋股票,我们应该在一家企业中寻找什么潜在趋势?首先,我们想要确定一个不断增长的返回在已使用资本(ROCE)上,然后在此基础上,不断增加基座已动用资本的比例。简而言之,这些类型的企业是复利机器,这意味着它们不断地以越来越高的回报率对收益进行再投资。所以,当我们扫视的时候安吉微电子技术(上海)有限公司(上海:688019)ROCE的趋势,我们喜欢我们所看到的。
Understanding Return On Capital Employed (ROCE)
了解资本回报率(ROCE)
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. To calculate this metric for Anji Microelectronics Technology (Shanghai), this is the formula:
对于那些不确定ROCE是什么的人,它衡量的是一家公司可以从其业务中使用的资本产生的税前利润。要计算安吉微电子科技(上海)的这一指标,公式如下:
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)
0.11 = CN¥154m ÷ (CN¥1.7b - CN¥297m) (Based on the trailing twelve months to March 2022).
0.11=CN元1.54亿?(CN元17亿-CN元2.97亿)(根据截至2022年3月的往绩12个月计算).
So, Anji Microelectronics Technology (Shanghai) has an ROCE of 11%. On its own, that's a standard return, however it's much better than the 8.0% generated by the Semiconductor industry.
所以,安吉微电子科技(上海)的净资产收益率为11%。就其本身而言,这是一个标准的回报率,但它比半导体行业8.0%的回报率要好得多。
View our latest analysis for Anji Microelectronics Technology (Shanghai)
查看我们对安吉微电子技术(上海)的最新分析
Above you can see how the current ROCE for Anji Microelectronics Technology (Shanghai) 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 report on analyst forecasts for the company.
上面你可以看到安吉微电子科技(上海)目前的净资产收益率(ROCE)与其先前的资本回报率相比如何,但你只能从过去知道这么多。如果您感兴趣,您可以在我们的免费分析师对该公司的预测报告。
What Does the ROCE Trend For Anji Microelectronics Technology (Shanghai) Tell Us?
安吉微电子科技(上海)的ROCE趋势告诉我们什么?
The trend of ROCE doesn't stand out much, but returns on a whole are decent. The company has employed 401% more capital in the last five years, and the returns on that capital have remained stable at 11%. 11% is a pretty standard return, and it provides some comfort knowing that Anji Microelectronics Technology (Shanghai) has consistently earned this amount. Stable returns in this ballpark can be unexciting, but if they can be maintained over the long run, they often provide nice rewards to shareholders.
ROCE的趋势并不是很突出,但总体来说回报是不错的。该公司在过去五年中增聘了401%的资本,这些资本的回报率一直稳定在11%。11%是一个相当标准的回报率,知道安吉微电子科技(上海)一直都能赚到这个数字,这让人感到些许安慰。这样的稳定回报可能并不令人兴奋,但如果它们能够长期保持下去,它们往往会为股东提供丰厚的回报。
In Conclusion...
总之..。
To sum it up, Anji Microelectronics Technology (Shanghai) has simply been reinvesting capital steadily, at those decent rates of return. And the stock has followed suit returning a meaningful 22% to shareholders over the last year. So while investors seem to be recognizing these promising trends, we still believe the stock deserves further research.
总而言之,安吉微电子科技(上海)一直在稳步地进行资本再投资,回报率也不错。过去一年,该股也向股东返还了22%的可观回报。因此,尽管投资者似乎认识到了这些充满希望的趋势,但我们仍然认为,该股值得进一步研究。
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 3 warning signs for Anji Microelectronics Technology (Shanghai) (of which 1 is significant!) that you should know about.
由于几乎每家公司都面临一些风险,了解它们是什么是值得的,我们已经发现安吉微电子技术(上海)的3个警示标志(其中1个是重要的!)这是你应该知道的。
If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.
如果你想寻找收入丰厚的可靠公司,看看这个免费拥有良好资产负债表和可观股本回报率的公司名单。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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