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.
如果你在尋找下一款多功能裝袋機時不確定從哪裏開始，那麼你應該留意一些關鍵趨勢。通常，我們希望注意到增長的趨勢 返回 在資本使用率（ROCE）方面，除此之外，還在擴大 基礎 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。考慮到這一點，我們注意到方正科技集團有限公司（上海證券交易所代碼：600601）的一些令人鼓舞的趨勢，所以讓我們更深入地了解一下。
Return On Capital Employed (ROCE): What Is It?
資本使用回報率（ROCE）：這是什麼？
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:
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。要計算 Founder Technology GroupLtd 的這一指標，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）
0.038 = CN¥157m ÷ (CN¥5.7b - CN¥1.5b) (Based on the trailing twelve months to December 2023).
0.038 = 1.57億元人民幣 ÷（57億元人民幣-1.5億元人民幣） （基於截至2023年12月的過去十二個月）。
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，方正科技集團有限公司的投資回報率爲3.8％。從絕對值來看，這是一個低迴報，其表現也低於科技行業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.
歷史表現是研究股票的絕佳起點，因此在上方您可以看到方正科技集團有限公司的投資回報率與先前回報對比的指標。如果您想深入研究歷史收益，請查看這些免費圖表，詳細說明方正科技集團有限公司的收入和現金流表現。
How Are Returns Trending?
退貨趨勢如何？
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.
方正科技集團有限公司已實現盈利，股東們將鬆一口氣。該公司在五年前出現了虧損，但已經設法扭轉了局面，正如我們之前看到的那樣，現在的收益爲3.8％，這始終令人鼓舞。最重要的是，有趣的是，所使用的資本金額一直保持穩定，因此該企業無需投入任何額外資金來創造更高的回報。因此，儘管我們對業務效率提高感到高興，但請記住，這可能意味着未來該業務缺乏內部投資以促進增長的領域。因此，如果您正在尋求高增長，則希望看到企業的資本也有所增加。
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，我們注意到該公司的流動負債佔總資產的比率降至27％，這在很大程度上意味着該企業減少了對供應商或短期債權人爲其運營提供資金的依賴。這告訴我們，方正科技集團有限公司在不依賴增加流動負債的情況下增加了回報，我們對此感到非常滿意。
The Bottom Line On Founder Technology GroupLtd's ROCE
方正科技集團有限公司投資回報率的底線
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.
總而言之，我們很高興看到方正科技集團有限公司能夠提高效率，並在相同金額的資本下獲得更高的回報率。鑑於該股在過去五年中下跌了36％，如果估值和其他指標也具有吸引力，這可能是一項不錯的投資。既然如此，對公司當前估值指標和未來前景的研究似乎很合適。
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，我們必須考慮估值。這就是爲什麼我們在平台上免費提供600601的內在價值估算值的原因，絕對值得一試。
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.
儘管方正科技集團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％的公司清單。在這裏查看這個免費清單。
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