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We Like Zhejiang Jingsheng Mechanical & Electrical's (SZSE:300316) Returns And Here's How They're Trending

We Like Zhejiang Jingsheng Mechanical & Electrical's (SZSE:300316) Returns And Here's How They're Trending

我們喜歡浙江晶盛機電(SZSE: 300316)的退貨及其趨勢
Simply Wall St ·  02/26 00:08

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount 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. So when we looked at the ROCE trend of Zhejiang Jingsheng Mechanical & Electrical (SZSE:300316) we really liked what we saw.

要找到一隻多袋裝箱的股票,我們應該在企業中尋找哪些潛在趨勢?理想情況下,企業將表現出兩種趨勢;首先是增長 返回 論資本使用率(ROCE),其次是增加 金額 所用資本的比例。基本上,這意味着公司擁有可以繼續進行再投資的盈利計劃,這是複合機器的特徵。因此,當我們查看浙江晶盛機電(SZSE: 300316)的投資回報率趨勢時,我們真的很喜歡我們所看到的。

What Is Return On Capital Employed (ROCE)?

什麼是資本使用回報率(ROCE)?

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. The formula for this calculation on Zhejiang Jingsheng Mechanical & Electrical is:

對於那些不知道的人來說,ROCE是衡量公司年度稅前利潤(其回報率)的指標,相對於該業務使用的資本。浙江晶盛機電的計算公式爲:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

已動用資本回報率 = 息稅前收益 (EBIT) ¥(總資產-流動負債)

0.35 = CN¥5.5b ÷ (CN¥36b - CN¥20b) (Based on the trailing twelve months to September 2023).

0.35 = CN¥5.5b ≤(CN¥36b-CN¥20b) (基於截至2023年9月的過去十二個月)

So, Zhejiang Jingsheng Mechanical & Electrical has an ROCE of 35%. In absolute terms that's a great return and it's even better than the Semiconductor industry average of 5.3%.

因此,浙江晶盛機電的投資回報率爲35%。從絕對值來看,這是一個不錯的回報,甚至比半導體行業平均水平的5.3%還要好。

roce
SZSE:300316 Return on Capital Employed February 26th 2024
SZSE: 300316 2024 年 2 月 26 日動用資本回報率

Above you can see how the current ROCE for Zhejiang Jingsheng Mechanical & Electrical compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Zhejiang Jingsheng Mechanical & Electrical for free.

上面你可以看到浙江晶盛機電當前的投資回報率與其先前的資本回報率相比如何,但從過去可以看出來的只有那麼多。如果你願意,你可以免費查看報道浙江精盛機電的分析師的預測。

So How Is Zhejiang Jingsheng Mechanical & Electrical's ROCE Trending?

那麼,浙江晶盛機電的投資回報率走勢如何?

We like the trends that we're seeing from Zhejiang Jingsheng Mechanical & Electrical. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 35%. The amount of capital employed has increased too, by 275%. So we're very much inspired by what we're seeing at Zhejiang Jingsheng Mechanical & Electrical thanks to its ability to profitably reinvest capital.

我們喜歡浙江晶盛機電所看到的趨勢。數字顯示,在過去五年中,所用資本的回報率已大幅增長至35%。使用的資本金額也增加了275%。因此,我們在浙江晶盛機電所看到的情況給我們帶來了極大的啓發,這要歸功於它能夠盈利地進行資本再投資。

On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Essentially the business now has suppliers or short-term creditors funding about 56% of its operations, which isn't ideal. Given it's pretty high ratio, we'd remind investors that having current liabilities at those levels can bring about some risks in certain businesses.

順便說一句,我們注意到,投資回報率的改善似乎部分是由流動負債的增加推動的。從本質上講,該企業現在有供應商或短期債權人爲其約56%的業務提供資金,這並不理想。鑑於其比率相當高,我們要提醒投資者,將流動負債保持在這些水平可能會給某些企業帶來一些風險。

The Bottom Line

底線

All in all, it's terrific to see that Zhejiang Jingsheng Mechanical & Electrical is reaping the rewards from prior investments and is growing its capital base. Since the stock has returned a staggering 156% 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 Zhejiang Jingsheng Mechanical & Electrical can keep these trends up, it could have a bright future ahead.

總而言之,看到浙江晶盛機電正在從先前的投資中獲得回報,並正在擴大其資本基礎,這真是太棒了。由於該股在過去五年中向股東回報了驚人的156%,因此投資者似乎已經意識到了這些變化。有鑑於此,我們認爲值得進一步研究這隻股票,因爲如果浙江晶盛機電能夠保持這些趨勢,它可能會有一個光明的未來。

Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Zhejiang Jingsheng Mechanical & Electrical (of which 1 is a bit concerning!) that you should know about.

由於幾乎每家公司都面臨一些風險,因此值得了解它們是什麼,我們已經發現了浙江晶盛機電的2個警告信號(其中1個有點令人擔憂!)你應該知道的。

Zhejiang Jingsheng Mechanical & Electrical is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.

浙江晶盛機電並不是唯一獲得高回報的股票。如果您想了解更多,請查看我們的免費公司名單,列出了基本面穩健且具有高股本回報率的公司。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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