Returns Are Gaining Momentum At NET263 (SZSE:002467)
Returns Are Gaining Momentum At NET263 (SZSE:002467)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. 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. Speaking of which, we noticed some great changes in NET263's (SZSE:002467) returns on capital, so let's have a look.
如果你在寻找下一款多袋装机时不确定从哪里开始,那么你应该注意一些关键趋势。在一个完美的世界中,我们希望看到一家公司向其业务投入更多资本,理想情况下,从这些资本中获得的回报也在增加。这向我们表明,它是一台复合机器,能够持续将其收益再投资到业务中并产生更高的回报。说到这里,我们注意到 NET263(深圳证券交易所:002467)的资本回报率发生了一些重大变化,所以让我们来看看吧。
What Is Return On Capital Employed (ROCE)?
什么是资本使用回报率(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. Analysts use this formula to calculate it for NET263:
对于那些不确定ROCE是什么的人,它衡量的是公司从其业务中使用的资本中可以产生的税前利润金额。分析师使用这个公式来计算 NET263 的值:
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)
0.02 = CN¥47m ÷ (CN¥2.7b - CN¥364m) (Based on the trailing twelve months to September 2023).
0.02 = 4700万元人民币 ÷(27亿元人民币-3.64亿元人民币) (基于截至2023年9月的过去十二个月)。
Therefore, NET263 has an ROCE of 2.0%. Ultimately, that's a low return and it under-performs the Telecom industry average of 12%.
因此,NET263 的 ROCE 为 2.0%。归根结底,这是一个低回报,其表现低于电信行业12%的平均水平。
View our latest analysis for NET263
查看我们对 NET263 的最新分析
In the above chart we have measured NET263's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
在上图中,我们将 NET263 先前的投资回报率与之前的表现进行了比较,但可以说,未来更为重要。如果您有兴趣,可以在我们关于公司分析师预测的免费报告中查看分析师的预测。
So How Is NET263's ROCE Trending?
那么 NET263 的 ROCE 趋势如何呢?
While there are companies with higher returns on capital out there, we still find the trend at NET263 promising. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 58% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking.
尽管有些公司的资本回报率更高,但我们仍然认为 NET263 的趋势令人鼓舞。从数据来看,我们可以看到,尽管该业务中使用的资本保持相对平稳,但在过去五年中,产生的投资回报率增长了58%。因此,由于所使用的资本没有太大变化,该企业现在很可能正在从过去的投资中获得全部收益。但是,值得更深入地研究这个问题,因为尽管提高业务效率是件好事,但这也可能意味着未来缺乏内部投资以实现有机增长的领域。
In Conclusion...
总之...
In summary, we're delighted to see that NET263 has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 41% return over the last five years. Therefore, we think it would be worth your time to check if these trends are going to continue.
总之,我们很高兴看到 NET263 能够提高效率,并在相同金额的资本中获得更高的回报率。投资者似乎对未来有更多期望,因为该股在过去五年中为股东提供了41%的回报。因此,我们认为值得您花时间检查这些趋势是否会持续下去。
On a final note, we found 2 warning signs for NET263 (1 is significant) you should be aware of.
最后,我们发现了 2 个 NET263 警告信号(1 个很重要),你应该注意。
While NET263 isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
尽管 NET263 的回报率并不高,但请查看这份免费清单,列出了资产负债表稳健的股本回报率高的公司。
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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。