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Shareholders Are Optimistic That Shenzhen Transsion Holdings (SHSE:688036) Will Multiply In Value

Shareholders Are Optimistic That Shenzhen Transsion Holdings (SHSE:688036) Will Multiply In Value

股東們樂觀地認爲,深圳傳音控股(SHSE: 688036)的價值將成倍增長
Simply Wall St ·  05/21 11:46

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. That's why when we briefly looked at Shenzhen Transsion Holdings' (SHSE:688036) ROCE trend, we were very happy with what we saw.

如果我們想找到潛在的多袋裝袋機,通常有一些潛在的趨勢可以提供線索。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 所用資本的比例。歸根結底,這表明這是一家以更高的回報率對利潤進行再投資的企業。這就是爲什麼當我們簡要查看深圳傳音控股(SHSE: 688036)的投資回報率趨勢時,我們對所看到的情況感到非常滿意。

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. Analysts use this formula to calculate it for Shenzhen Transsion Holdings:

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。分析師使用以下公式來計算深圳傳音控股的計算公式:

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)

0.31 = CN¥7.4b ÷ (CN¥48b - CN¥24b) (Based on the trailing twelve months to March 2024).

0.31 = 74億元人民幣 ÷(48億元人民幣-24億元人民幣) (基於截至2024年3月的過去十二個月)

Therefore, Shenzhen Transsion Holdings has an ROCE of 31%. That's a fantastic return and not only that, it outpaces the average of 5.3% earned by companies in a similar industry.

因此,深圳傳音控股的投資回報率爲31%。這是一個了不起的回報,不僅如此,它還超過了類似行業公司的平均5.3%。

roce
SHSE:688036 Return on Capital Employed May 21st 2024
SHSE: 688036 2024 年 5 月 21 日動用資本回報率

In the above chart we have measured Shenzhen Transsion Holdings' prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Shenzhen Transsion Holdings for free.

在上圖中,我們將深圳傳音控股先前的投資回報率與之前的表現進行了對比,但可以說,未來更爲重要。如果你願意,你可以免費查看報道深圳傳音控股的分析師的預測。

What Can We Tell From Shenzhen Transsion Holdings' ROCE Trend?

我們可以從深圳傳音控股的投資回報率趨勢中得出什麼?

We'd be pretty happy with returns on capital like Shenzhen Transsion Holdings. Over the past five years, ROCE has remained relatively flat at around 31% and the business has deployed 290% more capital into its operations. Returns like this are the envy of most businesses and given it has repeatedly reinvested at these rates, that's even better. If Shenzhen Transsion Holdings can keep this up, we'd be very optimistic about its future.

我們會對像深圳傳音控股這樣的資本回報感到非常滿意。在過去的五年中,投資回報率一直相對持平,約爲31%,該業務在運營中投入的資金增加了290%。這樣的回報令大多數企業羨慕不已,鑑於它一再以這樣的利率進行再投資,那就更好了。如果深圳傳音控股能夠保持這種勢頭,我們將對其未來非常樂觀。

On a side note, Shenzhen Transsion Holdings' current liabilities are still rather high at 49% of total assets. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower.

順便說一句,深圳傳音控股的流動負債仍然相當高,佔總資產的49%。這實際上意味着供應商(或短期債權人)正在爲業務的很大一部分提供資金,因此請注意,這可能會帶來一些風險因素。雖然這不一定是壞事,但如果這個比率較低,可能會有好處。

In Conclusion...

總之...

In short, we'd argue Shenzhen Transsion Holdings has the makings of a multi-bagger since its been able to compound its capital at very profitable rates of return. Yet over the last three years the stock has declined 15%, so the decline might provide an opening. For that reason, savvy investors might want to look further into this company in case it's a prime investment.

簡而言之,我們認爲深圳傳音控股擁有多袋企業的實力,因爲它能夠以非常有利可圖的回報率進行資本複利。然而,在過去三年中,該股下跌了15%,因此下跌可能提供一個開端。出於這個原因,精明的投資者可能想進一步研究這家公司,以防它是一項主要投資。

If you'd like to know about the risks facing Shenzhen Transsion Holdings, we've discovered 1 warning sign that you should be aware of.

如果你想了解深圳傳音控股面臨的風險,我們發現了一個你應該注意的警告信號。

Shenzhen Transsion Holdings is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals.

深圳傳音控股並不是唯一獲得高回報的股票。如果您想了解更多,請查看我們的免費公司名單,列出了基本面穩健且具有高股本回報率的公司。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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