There's Been No Shortage Of Growth Recently For Founder Technology GroupLtd's (SHSE:600601) Returns On Capital
There's Been No Shortage Of Growth Recently For Founder Technology GroupLtd's (SHSE:600601) Returns On Capital
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. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base 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. With that in mind, we've noticed some promising trends at Founder Technology GroupLtd (SHSE:600601) so let's look a bit deeper.
如果你在寻找下一款多功能装袋机时不确定从哪里开始，那么你应该留意一些关键趋势。通常，我们希望注意到增长的趋势 返回 在资本使用率（ROCE）方面，除此之外，还在扩大 基础 所用资本的比例。如果你看到这一点，这通常意味着它是一家拥有良好商业模式和大量盈利再投资机会的公司。考虑到这一点，我们注意到方正科技集团有限公司（上海证券交易所代码：600601）的一些令人鼓舞的趋势，所以让我们更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
资本使用回报率（ROCE）：这是什么？
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. To calculate this metric for Founder Technology GroupLtd, this is the formula:
为了澄清一下你是否不确定，ROCE是评估公司从投资于其业务的资本中获得多少税前收入（按百分比计算）的指标。要计算 Founder Technology GroupLtd 的这一指标，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）
0.038 = CN¥157m ÷ (CN¥5.7b - CN¥1.5b) (Based on the trailing twelve months to December 2023).
0.038 = 1.57亿元人民币 ÷（57亿元人民币-1.5亿元人民币） （基于截至2023年12月的过去十二个月）。
So, Founder Technology GroupLtd has an ROCE of 3.8%. In absolute terms, that's a low return and it also under-performs the Tech industry average of 6.2%.
因此，方正科技集团有限公司的投资回报率为3.8％。从绝对值来看，这是一个低回报，其表现也低于科技行业6.2％的平均水平。
Historical performance is a great place to start when researching a stock so above you can see the gauge for Founder Technology GroupLtd'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 Founder Technology GroupLtd.
历史表现是研究股票的绝佳起点，因此在上方您可以看到方正科技集团有限公司的投资回报率与先前回报对比的指标。如果您想深入研究历史收益，请查看这些免费图表，详细说明方正科技集团有限公司的收入和现金流表现。
How Are Returns Trending?
退货趋势如何？
Shareholders will be relieved that Founder Technology GroupLtd has broken into profitability. The company was generating losses five years ago, but has managed to turn it around and as we saw earlier is now earning 3.8%, which is always encouraging. On top of that, what's interesting is that the amount of capital being employed has remained steady, so the business hasn't needed to put any additional money to work to generate these higher returns. So while we're happy that the business is more efficient, just keep in mind that could mean that going forward the business is lacking areas to invest internally for growth. So if you're looking for high growth, you'll want to see a business's capital employed also increasing.
方正科技集团有限公司已实现盈利，股东们将松一口气。该公司在五年前出现了亏损，但已经设法扭转了局面，正如我们之前看到的那样，现在的收益为3.8％，这始终令人鼓舞。最重要的是，有趣的是，所使用的资本金额一直保持稳定，因此该企业无需投入任何额外资金来创造更高的回报。因此，尽管我们对业务效率提高感到高兴，但请记住，这可能意味着未来该业务缺乏内部投资以促进增长的领域。因此，如果您正在寻求高增长，则希望看到企业的资本也有所增加。
In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 27%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. This tells us that Founder Technology GroupLtd has grown its returns without a reliance on increasing their current liabilities, which we're very happy with.
在分析的另一部分中，我们注意到该公司的流动负债占总资产的比率降至27％，这在很大程度上意味着该企业减少了对供应商或短期债权人为其运营提供资金的依赖。这告诉我们，方正科技集团有限公司在不依赖增加流动负债的情况下增加了回报，我们对此感到非常满意。
The Bottom Line On Founder Technology GroupLtd's ROCE
方正科技集团有限公司投资回报率的底线
In summary, we're delighted to see that Founder Technology GroupLtd has been able to increase efficiencies and earn higher rates of return on the same amount of capital. Given the stock has declined 36% in the last five years, this could be a good investment if the valuation and other metrics are also appealing. That being the case, research into the company's current valuation metrics and future prospects seems fitting.
总而言之，我们很高兴看到方正科技集团有限公司能够提高效率，并在相同金额的资本下获得更高的回报率。鉴于该股在过去五年中下跌了36％，如果估值和其他指标也具有吸引力，这可能是一项不错的投资。既然如此，对公司当前估值指标和未来前景的研究似乎很合适。
On the other side of ROCE, we have to consider valuation. That's why we have a FREE intrinsic value estimation for 600601 on our platform that is definitely worth checking out.
在ROCE的另一方面，我们必须考虑估值。这就是为什么我们在平台上免费提供600601的内在价值估算值的原因，绝对值得一试。
While Founder Technology GroupLtd may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.
尽管方正科技集团有限公司目前可能无法获得最高的回报，但我们编制了一份目前股本回报率超过25％的公司清单。在这里查看这个免费清单。
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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。
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