Will Weakness in Inner Mongolia ERDOS Resources Co.,Ltd.'s (SHSE:900936) Stock Prove Temporary Given Strong Fundamentals?
Will Weakness in Inner Mongolia ERDOS Resources Co.,Ltd.'s (SHSE:900936) Stock Prove Temporary Given Strong Fundamentals?
Inner Mongolia ERDOS ResourcesLtd (SHSE:900936) has had a rough three months with its share price down 11%. However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. Specifically, we decided to study Inner Mongolia ERDOS ResourcesLtd's ROE in this article.
内蒙古鄂尔多斯资源股份有限公司(上交所代码：900936)经历了艰难的三个月，股价下跌了11%。然而，股价通常是由一家公司的长期财务表现推动的，在这种情况下，这看起来相当有希望。具体地说，我们决定在本文中研究内蒙古鄂尔多斯资源有限公司的净资产收益率。
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.
股本回报率或净资产收益率是股东要考虑的一个重要因素，因为它告诉他们他们的资本再投资的效率。简而言之，它衡量的是一家公司相对于股东权益的盈利能力。
See our latest analysis for Inner Mongolia ERDOS ResourcesLtd
查看我们对内蒙古鄂尔多斯资源有限公司的最新分析
How To Calculate Return On Equity?
如何计算股本回报率？
The formula for return on equity is:
这个股本回报率公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率=(持续经营的)净利润？股东权益
So, based on the above formula, the ROE for Inner Mongolia ERDOS ResourcesLtd is:
因此，根据上述公式，内蒙古鄂尔多斯资源有限公司的净资产收益率为：
23% = CN¥6.2b ÷ CN¥27b (Based on the trailing twelve months to March 2023).
23%=CN元62亿×CN元270亿(以截至2023年3月的12个月为基础)。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.23 in profit.
“收益”是过去12个月的利润。这意味着，股东权益每增加1美元，公司就会产生0.23美元的利润。
What Is The Relationship Between ROE And Earnings Growth?
净资产收益率与盈利增长之间有什么关系？
So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
到目前为止，我们了解到净资产收益率是衡量一家公司盈利能力的指标。我们现在需要评估公司将多少利润再投资或“保留”用于未来的增长，这就让我们对公司的增长潜力有了一个了解。假设其他条件相同，与没有相同特征的公司相比，拥有更高股本回报率和更高利润保留率的公司通常会有更高的增长率。
Inner Mongolia ERDOS ResourcesLtd's Earnings Growth And 23% ROE
内蒙古鄂尔多斯资源有限公司盈利增长和23%的净资产收益率
At first glance, Inner Mongolia ERDOS ResourcesLtd seems to have a decent ROE. Especially when compared to the industry average of 8.0% the company's ROE looks pretty impressive. This probably laid the ground for Inner Mongolia ERDOS ResourcesLtd's significant 46% net income growth seen over the past five years. We reckon that there could also be other factors at play here. Such as - high earnings retention or an efficient management in place.
乍一看，内蒙古鄂尔多斯资源有限公司似乎拥有不错的净资产收益率。特别是与8.0%的行业平均水平相比，该公司的净资产收益率看起来相当令人印象深刻。这可能为内蒙古鄂尔多斯资源有限公司在过去五年中实现46%的净利润增长奠定了基础。我们认为，可能还有其他因素在起作用。例如-高收益留存或有效的管理到位。
We then compared Inner Mongolia ERDOS ResourcesLtd's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 17% in the same period.
然后，我们将内蒙古鄂尔多斯资源有限公司的净收入增长与行业进行了比较，我们高兴地看到，与同期17%的行业增长率相比，该公司的增长数字更高。
Earnings growth is an important metric to consider when valuing a stock. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Is Inner Mongolia ERDOS ResourcesLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是评估一只股票时需要考虑的一个重要指标。对于投资者来说，重要的是知道市场是否已经消化了公司预期的收益增长(或下降)。这样做将有助于他们确定该股的未来看起来是光明的还是不祥的。与其他公司相比，内蒙古鄂尔多斯资源有限公司的估值是否公平？这3个估值指标可能会帮助你做出决定。
Is Inner Mongolia ERDOS ResourcesLtd Making Efficient Use Of Its Profits?
内蒙古鄂尔多斯资源有限公司是否有效利用了利润？
The three-year median payout ratio for Inner Mongolia ERDOS ResourcesLtd is 44%, which is moderately low. The company is retaining the remaining 56%. So it seems that Inner Mongolia ERDOS ResourcesLtd is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered.
内蒙古鄂尔多斯资源有限公司的三年中值派息率为44%，略低。该公司将保留剩余的56%。因此，内蒙古鄂尔多斯资源有限公司似乎正在以一种高效的方式进行再投资，它看到了令人印象深刻的收益增长(如上所述)，并支付了丰厚的股息。
Moreover, Inner Mongolia ERDOS ResourcesLtd is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.
此外，内蒙古鄂尔多斯资源有限公司决心继续与股东分享利润，这是我们从其至少十年的派息历史中推断出来的。
Conclusion
结论
Overall, we are quite pleased with Inner Mongolia ERDOS ResourcesLtd's performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. You can see the 1 risk we have identified for Inner Mongolia ERDOS ResourcesLtd by visiting our risks dashboard for free on our platform here.
总体而言，我们对内蒙古鄂尔多斯资源有限公司的表现感到满意。具体地说，我们喜欢该公司将一大笔利润以高回报率进行再投资。当然，这导致该公司的收益出现了大幅增长。如果该公司继续以目前的方式增长收益，考虑到每股收益对长期股价的影响，这可能会对其股价产生积极影响。我们不要忘记，商业风险也是影响股票价格的因素之一。因此，这也是投资者在对任何业务做出决定之前需要关注的一个重要领域。您可以访问我们的网站查看我们为内蒙古鄂尔多斯资源有限公司确定的1个风险风险控制面板在我们的平台上是免费的。
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。