Investors Met With Slowing Returns on Capital At Wuxi New Hongtai Electrical TechnologyLtd (SHSE:603016)
Investors Met With Slowing Returns on Capital At Wuxi New Hongtai Electrical TechnologyLtd (SHSE:603016)
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. However, after briefly looking over the numbers, we don't think Wuxi New Hongtai Electrical TechnologyLtd (SHSE:603016) has the makings of a multi-bagger going forward, but let's have a look at why that may be.
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。首先，我們希望看到經過驗證的 返回 關於正在增加的資本使用率（ROCE），其次是擴大 基礎 已動用資本的百分比。這向我們表明，它是一臺複合機器，能夠持續將其收益再投資於業務併產生更高的回報。但是，在簡要查看這些數字之後，我們認爲無錫新宏泰電氣科技有限公司（SHSE：603016）不具備未來多功能裝袋機的特質，但讓我們來看看爲什麼會這樣。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率（ROCE）：這是什麼？
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Wuxi New Hongtai Electrical TechnologyLtd, this is the formula:
如果你以前沒有與ROCE合作過，它可以衡量一家公司從其業務中使用的資本中產生的 “回報”（稅前利潤）。爲了計算無錫新宏泰電氣科技有限公司的這個指標，公式如下：
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）
0.078 = CN¥66m ÷ (CN¥1.0b - CN¥177m) (Based on the trailing twelve months to September 2023).
0.078 = CN¥66m ≤（CN¥1.0B-CN¥177m） （基於截至2023年9月的過去十二個月）。
So, Wuxi New Hongtai Electrical TechnologyLtd has an ROCE of 7.8%. On its own that's a low return, but compared to the average of 6.3% generated by the Electrical industry, it's much better.
因此，無錫新宏泰電氣科技有限公司的投資回報率爲7.8％。就其本身而言，回報率很低，但與電氣行業平均產生的6.3％相比，要好得多。
See our latest analysis for Wuxi New Hongtai Electrical TechnologyLtd
查看我們對無錫新宏泰電氣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 Wuxi New Hongtai Electrical TechnologyLtd's ROCE against it's prior returns. If you want to delve into the historical earnings, revenue and cash flow of Wuxi New Hongtai Electrical TechnologyLtd, check out these free graphs here.
在研究股票時，歷史表現是一個不錯的起點，因此在上方你可以看到無錫新宏泰電氣技術有限公司的投資回報率與之前的回報率的對比。如果您想深入了解無錫新宏泰電氣科技有限公司的歷史收益、收入和現金流，請在此處查看這些免費圖表。
What Does the ROCE Trend For Wuxi New Hongtai Electrical TechnologyLtd Tell Us?
無錫新宏泰電氣科技有限公司的ROCE趨勢告訴我們什麼？
Things have been pretty stable at Wuxi New Hongtai Electrical TechnologyLtd, with its capital employed and returns on that capital staying somewhat the same for the last five years. Businesses with these traits tend to be mature and steady operations because they're past the growth phase. So unless we see a substantial change at Wuxi New Hongtai Electrical TechnologyLtd in terms of ROCE and additional investments being made, we wouldn't hold our breath on it being a multi-bagger.
無錫新宏泰電氣技術有限公司的情況一直相當穩定，在過去五年中，其資本使用量和資本回報率基本保持不變。具有這些特徵的企業往往會成熟而穩定的運營，因爲它們已經過了增長階段。因此，除非我們看到無錫新宏泰電氣科技有限公司在投資回報率方面發生重大變化並進行額外投資，否則我們不會屏住呼吸，因爲它是一個多功能公司。
The Bottom Line On Wuxi New Hongtai Electrical TechnologyLtd's ROCE
無錫新宏泰電氣技術有限公司 ROCE 的底線
In a nutshell, Wuxi New Hongtai Electrical TechnologyLtd has been trudging along with the same returns from the same amount of capital over the last five years. Since the stock has gained an impressive 55% over the last five years, investors must think there's better things to come. However, unless these underlying trends turn more positive, we wouldn't get our hopes up too high.
簡而言之，在過去的五年中，無錫新宏泰電氣科技有限公司一直在努力從相同數額的資本中獲得相同的回報。由於該股在過去五年中上漲了55％，令人印象深刻，因此投資者必須認爲未來會有更好的事情。但是，除非這些潛在趨勢變得更加樂觀，否則我們的希望不會過高。
One more thing, we've spotted 1 warning sign facing Wuxi New Hongtai Electrical TechnologyLtd that you might find interesting.
還有一件事，我們發現了無錫新宏泰電氣科技有限公司面前的1個警告標誌，你可能會覺得很有趣。
While Wuxi New Hongtai Electrical TechnologyLtd 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.
儘管無錫新宏泰電氣科技有限公司目前可能無法獲得最高的回報，但我們編制了一份目前股本回報率超過25％的公司名單。在這裏查看這份免費清單。
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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。
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