--- title: "OneConstruction Group's (NASDAQ:ONEG) Returns On Capital Not Reflecting Well On The Business" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/271236065.md" description: "OneConstruction Group (NASDAQ:ONEG) has reported a return on capital employed (ROCE) of 5.0%, significantly below the construction industry average of 16%. Over the past two years, ROCE has decreased from 36% as the company has employed more capital while revenue has declined. This trend raises concerns about the company's growth potential and market share. Additionally, the stock has fallen 57% over the past year, prompting investors to consider alternative options. The company has also shown improvement in reducing current liabilities, which may mitigate some risks." datetime: "2025-12-31T17:25:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271236065.md) - [en](https://longbridge.com/en/news/271236065.md) - [zh-HK](https://longbridge.com/zh-HK/news/271236065.md) --- > 支持的语言: [English](https://longbridge.com/en/news/271236065.md) | [繁體中文](https://longbridge.com/zh-HK/news/271236065.md) # OneConstruction Group's (NASDAQ:ONEG) Returns On Capital Not Reflecting Well On The Business Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing _return_ on capital employed (ROCE) and alongside that, an expanding _base_ of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after briefly looking over the numbers, we don't think **OneConstruction Group** (NASDAQ:ONEG) has the makings of a multi-bagger going forward, but let's have a look at why that may be. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. ## Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for OneConstruction Group: **Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)** 0.05 = US$1.7m ÷ (US$50m - US$16m) _(Based on the trailing twelve months to March 2025)_. Thus, **OneConstruction Group has an ROCE of 5.0%.** In absolute terms, that's a low return and it also under-performs the Construction industry average of 16%. Check out our latest analysis for OneConstruction Group NasdaqCM:ONEG Return on Capital Employed December 31st 2025 While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these **free** graphs detailing revenue and cash flow performance of OneConstruction Group. ## The Trend Of ROCE On the surface, the trend of ROCE at OneConstruction Group doesn't inspire confidence. Over the last two years, returns on capital have decreased to 5.0% from 36% two years ago. Given the business is employing more capital while revenue has slipped, this is a bit concerning. If this were to continue, you might be looking at a company that is trying to reinvest for growth but is actually losing market share since sales haven't increased. On a side note, OneConstruction Group has done well to pay down its current liabilities to 32% of total assets. Since the ratio used to be 88%, that's a significant reduction and it no doubt explains the drop in ROCE. 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. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money. ## The Bottom Line On OneConstruction Group's ROCE From the above analysis, we find it rather worrisome that returns on capital and sales for OneConstruction Group have fallen, meanwhile the business is employing more capital than it was two years ago. Investors haven't taken kindly to these developments, since the stock has declined 57% from where it was year ago. With underlying trends that aren't great in these areas, we'd consider looking elsewhere. OneConstruction Group does come with some risks though, we found **5 warning signs in our investment analysis,** and 3 of those are concerning... For those who like to invest in **solid companies,** check out this **free** list of companies with solid balance sheets and high returns on equity. Mobile Infrastructure for Defense and Disaster The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere. Get the investor briefing before the next round of contracts Sponsored On Behalf of CiTech ### 相关股票 - [OneConstruction (ONEG.US)](https://longbridge.com/zh-CN/quote/ONEG.US.md) ## 相关资讯与研究 - [BIMOffice Group Berhad Debuts on LEAP Market to Accelerate Digitalisation of Malaysia's Construction Industry](https://longbridge.com/zh-CN/news/280960054.md) - [Short Interest in Fortune Brands Innovations, Inc. (NYSE:FBIN) Increases By 18.0%](https://longbridge.com/zh-CN/news/281291961.md) - [If You Invested $100 In Pool Stock 15 Years Ago, You Would Have This Much Today](https://longbridge.com/zh-CN/news/281401557.md) - [Toll Brothers Announces New Luxury Condominium Community Coming Soon to Scottsdale, Arizona | TOL Stock News](https://longbridge.com/zh-CN/news/281409641.md) - [Assessing Tutor Perini (TPC) Valuation After Strong Recent Share Price Momentum](https://longbridge.com/zh-CN/news/281449763.md)