Can Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Improve Its Returns?
Can Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Improve Its Returns?
Return on equity can be calculated by using the formula: One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. We'll use ROE to examine Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323), by way of a worked example.
我们能做的最好的投资之一就是我们自己的知识和技能。考虑到这一点，本文将探讨如何使用股本回报率（ROE）来更好地了解企业。我们将使用ROE来研究位于深圳的Rayitek高科技电影有限公司（SHSE: 688323），举一个行之有效的例子。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股本回报率或投资回报率是股东需要考虑的重要因素，因为它可以告诉他们资本再投资的有效性。简而言之，它衡量公司相对于股东权益的盈利能力。
View our latest analysis for Rayitek Hi-Tech Film Company Shenzhen
查看我们对深圳Rayitek高科技电影公司的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率？
Return on equity can be calculated by using the formula:
股本回报率可以通过使用以下公式计算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润（来自持续经营）≥ 股东权益
So, based on the above formula, the ROE for Rayitek Hi-Tech Film Company Shenzhen is:
因此，根据上述公式，瑞泰科深圳高科技电影公司的投资回报率为：
4.6% = CN¥47m ÷ CN¥1.0b (Based on the trailing twelve months to September 2022).
4.6% = cn¥47m ≥ cn¥1.0b（基于截至2022年9月的过去十二个月）。
The 'return' is the income the business earned over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.05.
“回报” 是企业在过去一年中获得的收入。因此，这意味着公司每投资1元人民币，公司就会产生0.05元人民币的利润。
Does Rayitek Hi-Tech Film Company Shenzhen Have A Good ROE?
Rayitek深圳高科技电影公司的投资回报率是否良好？
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. As shown in the graphic below, Rayitek Hi-Tech Film Company Shenzhen has a lower ROE than the average (9.7%) in the Chemicals industry classification.
可以说，评估公司投资回报率的最简单方法是将其与行业平均水平进行比较。但是，这种方法只能用作粗略的检查，因为公司在同一行业分类中确实存在很大差异。如下图所示，深圳瑞泰克高科技电影公司的投资回报率低于化工行业分类的平均水平（9.7％）。
Unfortunately, that's sub-optimal. That being said, a low ROE is not always a bad thing, especially if the company has low leverage as this still leaves room for improvement if the company were to take on more debt. A high debt company having a low ROE is a different story altogether and a risky investment in our books. Our risks dashboard should have the 2 risks we have identified for Rayitek Hi-Tech Film Company Shenzhen.
不幸的是，这并不理想。话虽如此，低投资回报率并不总是一件坏事，尤其是在公司杠杆率低的情况下，因为如果公司要承担更多债务，这仍有改进的余地。一家投资回报率低的高负债公司完全是另一回事，从我们的账面上看，这是一项风险投资。我们的风险仪表板应该包含我们为深圳瑞泰高科技电影公司确定的两种风险。
The Importance Of Debt To Return On Equity
债务对股本回报率的重要性
Companies usually need to invest money to grow their profits. That cash can come from issuing shares, retained earnings, or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. That will make the ROE look better than if no debt was used.
公司通常需要投资来增加利润。这些现金可能来自发行股票、留存收益或债务。在前两个案例中，投资回报率将利用这种资本来增长。在后一种情况下，用于增长的债务将提高回报，但不会影响总资产。这将使投资回报率看起来比不使用债务时的投资回报率要好。
Rayitek Hi-Tech Film Company Shenzhen's Debt And Its 4.6% ROE
Rayitek高科技电影公司深圳的债务及其4.6％的投资回报率
Rayitek Hi-Tech Film Company Shenzhen does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.07. Its ROE is quite low, even with the use of significant debt; that's not a good result, in our opinion. Debt does bring extra risk, so it's only really worthwhile when a company generates some decent returns from it.
深圳Rayitek高科技电影公司确实使用大量债务来增加回报。它的债务与权益比率为1.07。即使使用了大量债务，它的投资回报率还是很低的；在我们看来，这不是一个好结果。债务确实会带来额外的风险，因此只有当公司从中获得可观的回报时，债务才是真正值得的。
Summary
摘要
Return on equity is useful for comparing the quality of different businesses. A company that can achieve a high return on equity without debt could be considered a high quality business. All else being equal, a higher ROE is better.
股本回报率对于比较不同业务的质量很有用。能够在没有债务的情况下实现高股本回报率的公司可以被视为高质量的企业。在其他条件相同的情况下，更高的投资回报率更好。
But when a business is high quality, the market often bids it up to a price that reflects this. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So I think it may be worth checking this free this detailed graph of past earnings, revenue and cash flow.
但是，当企业质量很高时，市场通常会以反映这一点的价格出价。还必须考虑利润可能增长的速度，相对于当前价格所反映的利润增长预期。所以我认为这可能值得一试 免费的 这个 详细图表 过去的收益、收入和现金流。
Of course Rayitek Hi-Tech Film Company Shenzhen may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt.
当然 Rayitek深圳高科技电影公司可能不是最值得买入的股票。所以你可能希望看到这个 免费的 收集其他投资回报率高、负债低的公司。
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.
对这篇文章有反馈吗？对内容感到担忧？ 取得联系 直接和我们联系。 或者，给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用不偏不倚的方法根据历史数据和分析师预测提供评论，我们的文章并非旨在提供财务建议。 它不构成买入或卖出任何股票的建议，也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意，我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之，华尔街对上述任何股票都没有头寸。