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NanJi E-Commerce (SZSE:002127) Will Be Hoping To Turn Its Returns On Capital Around

NanJi E-Commerce (SZSE:002127) Will Be Hoping To Turn Its Returns On Capital Around

南极电子商务(SZSE:002127)希望扭转其资本回报率
Simply Wall St ·  04/22 00:11

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think NanJi E-Commerce (SZSE:002127) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

如果我们想确定下一个多功能装袋机,有一些关键趋势需要关注。一种常见的方法是尝试找一家公司 回报 论资本使用率(ROCE)在增加的同时增长 金额 所用资本的比例。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,在简短地查看了这些数字之后,我们认为南极电子商务(SZSE:002127)在未来不具备多口袋商的优势,但让我们来看看为什么会这样。

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

资本使用回报率(ROCE):这是什么?

If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on NanJi E-Commerce is:

如果你以前没有与ROCE合作过,它会衡量公司从其业务中使用的资本中产生的 “回报”(税前利润)。在南极电子商务上进行此计算的公式为:

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)

0.037 = CN¥172m ÷ (CN¥5.4b - CN¥781m) (Based on the trailing twelve months to December 2023).

0.037 = 1.72亿元人民币 ÷(54亿元人民币-7.81亿元人民币) (基于截至2023年12月的过去十二个月)

Therefore, NanJi E-Commerce has an ROCE of 3.7%. In absolute terms, that's a low return and it also under-performs the Media industry average of 4.7%.

因此,南极电子商务的投资回报率为3.7%。从绝对值来看,这是一个低回报,其表现也低于媒体行业4.7%的平均水平。

roce
SZSE:002127 Return on Capital Employed April 22nd 2024
SZSE: 002127 2024 年 4 月 22 日动用资本回报率

Historical performance is a great place to start when researching a stock so above you can see the gauge for NanJi E-Commerce's ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of NanJi E-Commerce.

在研究股票时,历史表现是一个很好的起点,因此在上面你可以看到南极电子商务的投资回报率与先前的回报对比的指标。如果您想深入研究历史收益,请查看这些免费图表,详细说明南极电子商务的收入和现金流表现。

So How Is NanJi E-Commerce's ROCE Trending?

那么,南极电子商务的投资回报率如何走势呢?

When we looked at the ROCE trend at NanJi E-Commerce, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 3.7% from 24% five years ago. Given the business is employing more capital while revenue has slipped, this is a bit concerning. If this were to continue, you might be looking at a company that is trying to reinvest for growth but is actually losing market share since sales haven't increased.

当我们查看南极电子商务的投资回报率趋势时,我们并没有获得太大的信心。在过去五年中,资本回报率从五年前的24%下降到3.7%。鉴于该企业在收入下滑的情况下雇用了更多的资本,这有点令人担忧。如果这种情况继续下去,你可能会看到一家试图进行再投资以促进增长,但由于销售额没有增加,实际上正在失去市场份额的公司。

What We Can Learn From NanJi E-Commerce's ROCE

我们可以从南极电子商务的投资回报率中学到什么

We're a bit apprehensive about NanJi E-Commerce because despite more capital being deployed in the business, returns on that capital and sales have both fallen. We expect this has contributed to the stock plummeting 73% during the last five years. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.

我们对南极电子商务有点担心,因为尽管在业务中投入了更多资金,但资本回报率和销售额都下降了。我们预计,这导致该股在过去五年中暴跌了73%。除非这些指标转向更积极的轨迹,否则我们将把目光投向其他地方。

On a final note, we've found 1 warning sign for NanJi E-Commerce that we think you should be aware of.

最后,我们发现了南极电子商务的1个警告信号,我们认为您应该注意这一点。

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.

如果你想寻找收益丰厚的稳健公司,可以免费查看这份资产负债表良好且股本回报率可观的公司名单。

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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.

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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。

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
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