share_log

Return Trends At Yangzhou Yangjie Electronic Technology (SZSE:300373) Aren't Appealing

Return Trends At Yangzhou Yangjie Electronic Technology (SZSE:300373) Aren't Appealing

扬州扬杰电子科技(深圳证券交易所代码:300373)的回报趋势并不吸引人
Simply Wall St ·  05/20 20:29

There are a few key trends to look for if we want to identify the next multi-bagger. 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. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating Yangzhou Yangjie Electronic Technology (SZSE:300373), we don't think it's current trends fit the mold of a multi-bagger.

如果我们想确定下一款多袋机,有一些关键的趋势需要考虑。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。归根结底,这表明这是一家以不断提高的回报率对利润进行再投资的企业。但是,在调查了扬州扬杰电子科技(SZSE: 300373)之后,我们认为目前的趋势不符合多袋机的模式。

Return On Capital Employed (ROCE): What Is It?

资本使用回报率(ROCE):这是什么?

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. To calculate this metric for Yangzhou Yangjie Electronic Technology, this is the formula:

对于那些不知道的人来说,ROCE是衡量公司年度税前利润(其回报率)的指标,相对于该业务使用的资本。要计算扬州扬杰电子科技的这个指标,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)

0.066 = CN¥670m ÷ (CN¥13b - CN¥3.1b) (Based on the trailing twelve months to March 2024).

0.066 = 6.7亿元人民币 ÷(13亿元人民币-31亿元人民币) (基于截至2024年3月的过去十二个月)

So, Yangzhou Yangjie Electronic Technology has an ROCE of 6.6%. On its own that's a low return, but compared to the average of 4.1% generated by the Semiconductor industry, it's much better.

因此,扬州扬杰电子科技的投资回报率为6.6%。这本身就是一个低回报,但与半导体行业4.1%的平均回报率相比,要好得多。

roce
SZSE:300373 Return on Capital Employed May 21st 2024
SZSE: 300373 2024年5月21日动用资本回报率

In the above chart we have measured Yangzhou Yangjie Electronic Technology's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Yangzhou Yangjie Electronic Technology .

在上图中,我们将扬州扬杰电子科技先前的投资回报率与之前的表现进行了对比,但可以说,未来更为重要。如果你想了解分析师对未来的预测,你应该查看我们为扬州扬杰电子科技提供的免费分析师报告。

How Are Returns Trending?

退货趋势如何?

The returns on capital haven't changed much for Yangzhou Yangjie Electronic Technology in recent years. The company has consistently earned 6.6% for the last five years, and the capital employed within the business has risen 291% in that time. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital.

近年来,扬州扬杰电子科技的资本回报率没有太大变化。在过去五年中,该公司的收入一直保持6.6%,在此期间,该公司的资本增长了291%。鉴于该公司增加了动用资本金额,看来已经进行的投资根本无法提供很高的资本回报率。

What We Can Learn From Yangzhou Yangjie Electronic Technology's ROCE

我们可以从扬州扬杰电子科技的ROCE中学到什么

In conclusion, Yangzhou Yangjie Electronic Technology has been investing more capital into the business, but returns on that capital haven't increased. Yet to long term shareholders the stock has gifted them an incredible 134% return in the last five years, so the market appears to be rosy about its future. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward.

总之,扬州扬杰电子科技一直在向该业务投入更多资金,但该资本的回报率并未增加。然而,对于长期股东来说,该股在过去五年中为他们带来了令人难以置信的134%的回报,因此市场似乎对其未来持乐观态度。归根结底,如果潜在的趋势持续下去,我们就不会屏住呼吸了,因为它是未来的 “多管齐下”。

One more thing, we've spotted 2 warning signs facing Yangzhou Yangjie Electronic Technology that you might find interesting.

还有一件事,我们发现了面向扬州扬杰电子科技的两个警告标志,你可能会觉得有趣。

For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity.

对于那些喜欢投资稳健公司的人,可以查看这份资产负债表稳健和股本回报率高的公司的免费清单。

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.

对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发