Shenzhen Injoinic TechnologyLtd (SHSE:688209) Will Want To Turn Around Its Return Trends
Shenzhen Injoinic TechnologyLtd (SHSE:688209) Will Want To Turn Around Its Return Trends
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Although, when we looked at Shenzhen Injoinic TechnologyLtd (SHSE:688209), it didn't seem to tick all of these boxes.
如果我們想確定下一個多功能裝袋機，有一些關鍵趨勢需要關注。除其他外，我們希望看到兩件事；首先，成長 返回 論資本使用率（ROCE），其次是公司的擴張 金額 所用資本的比例。如果你看到這一點，這通常意味着它是一家擁有良好商業模式和大量盈利再投資機會的公司。但是，當我們查看深圳英傑尼克科技有限公司（SHSE: 688209）時，它似乎並沒有勾選所有這些方框。
Understanding Return On Capital Employed (ROCE)
了解資本使用回報率 (ROCE)
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Shenzhen Injoinic TechnologyLtd is:
爲了澄清一下你是否不確定，ROCE是評估公司從投資於其業務的資本中獲得多少稅前收入（按百分比計算）的指標。深圳英傑尼克科技有限公司的計算公式爲：
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）
0.00072 = CN¥1.3m ÷ (CN¥1.9b - CN¥139m) (Based on the trailing twelve months to September 2023).
0.00072 = 130萬元人民幣 ÷（19億元人民幣-1.39億元人民幣） （基於截至2023年9月的過去十二個月）。
Therefore, Shenzhen Injoinic TechnologyLtd has an ROCE of 0.07%. In absolute terms, that's a low return and it also under-performs the Semiconductor industry average of 4.2%.
因此，深圳英傑尼克科技有限公司的投資回報率爲0.07％。從絕對值來看，這是一個低迴報，其表現也低於半導體行業4.2％的平均水平。
See our latest analysis for Shenzhen Injoinic TechnologyLtd
查看我們對深圳英集科技有限公司的最新分析
Historical performance is a great place to start when researching a stock so above you can see the gauge for Shenzhen Injoinic TechnologyLtd's ROCE against it's prior returns. If you're interested in investigating Shenzhen Injoinic TechnologyLtd's past further, check out this free graph of past earnings, revenue and cash flow.
在研究股票時，歷史表現是一個很好的起點，因此在上面你可以看到深圳英傑尼克科技有限公司的投資回報率與先前的回報對比的指標。如果你有興趣進一步調查深圳英傑尼克科技有限公司的過去，請查看這張過去收益、收入和現金流的免費圖表。
The Trend Of ROCE
ROCE 的趨勢
On the surface, the trend of ROCE at Shenzhen Injoinic TechnologyLtd doesn't inspire confidence. Over the last four years, returns on capital have decreased to 0.07% from 12% four years ago. Although, given both revenue and the amount of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. If these investments prove successful, this can bode very well for long term stock performance.
從表面上看，深圳英傑尼克科技有限公司的ROCE趨勢並不能激發信心。在過去四年中，資本回報率從四年前的12％下降到0.07％。儘管考慮到該業務的收入和資產數量都有所增加，但這可能表明該公司正在投資增長，而額外的資本導致了投資回報率的短期下降。如果這些投資被證明是成功的，這對長期股票表現來說是個好兆頭。
On a related note, Shenzhen Injoinic TechnologyLtd has decreased its current liabilities to 7.3% of total assets. That could partly explain why the ROCE has dropped. What's more, this can reduce some aspects of risk to the business because now the company's suppliers or short-term creditors are funding less of its operations. Since the business is basically funding more of its operations with it's own money, you could argue this has made the business less efficient at generating ROCE.
與此相關的是，深圳英傑尼克科技有限公司已將其流動負債減少至總資產的7.3％。這可以部分解釋投資回報率下降的原因。更重要的是，這可以降低業務風險的某些方面，因爲現在公司的供應商或短期債權人爲其運營提供的資金減少了。由於該企業基本上是用自己的資金爲其運營提供更多資金，因此您可能會爭辯說，這降低了企業產生投資回報率的效率。
What We Can Learn From Shenzhen Injoinic TechnologyLtd's ROCE
我們可以從深圳英傑尼克科技有限公司的ROCE中學到什麼
Even though returns on capital have fallen in the short term, we find it promising that revenue and capital employed have both increased for Shenzhen Injoinic TechnologyLtd. And there could be an opportunity here if other metrics look good too, because the stock has declined 31% in the last year. As a result, we'd recommend researching this stock further to uncover what other fundamentals of the business can show us.
儘管短期內資本回報率有所下降，但我們認爲深圳英傑尼克科技有限公司的收入和所用資本均有所增加是有希望的。如果其他指標也看起來不錯，那麼這裏可能會有機會，因爲該股去年下跌了31％。因此，我們建議進一步研究這隻股票，以發現該業務的其他基本面可以向我們展示什麼。
On a final note, we found 3 warning signs for Shenzhen Injoinic TechnologyLtd (1 can't be ignored) you should be aware of.
最後，我們發現了深圳市英傑尼克科技有限公司的3個警告信號（其中一個不容忽視），你應該注意。
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.
如果你想尋找收益豐厚的穩健公司，可以免費查看這份資產負債表良好且股本回報率可觀的公司名單。
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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。
譯文內容由第三人軟體翻譯。