Are TRS Information Technology Co., Ltd.'s (SZSE:300229) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Are TRS Information Technology Co., Ltd.'s (SZSE:300229) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
With its stock down 25% over the past three months, it is easy to disregard TRS Information Technology (SZSE:300229). However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study TRS Information Technology's ROE in this article.
由于其股价在过去三个月里下跌了25%，人们很容易忽视TRS信息技术公司(SZSE：300229)。然而，该公司的基本面看起来相当不错，长期财务状况通常与未来的市场价格走势保持一致。具体地说，我们决定在本文中研究TRS信息技术的净资产收益率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率(ROE)是对一家公司增值和管理投资者资金的效率的测试。简而言之，它是用来评估一家公司相对于其权益资本的盈利能力。
View our latest analysis for TRS Information Technology
查看我们对TRS信息技术的最新分析
How Do You Calculate Return On Equity?
你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 TRS Information Technology is:
因此，根据上述公式，TRS信息技术的净资产收益率为：
3.5% = CN¥120m ÷ CN¥3.4b (Based on the trailing twelve months to June 2023).
3.5%=1.2亿元×34亿元(基于截至2023年6月的12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¥0.04.
“回报”指的是企业在过去一年中获得的收入。因此，这意味着股东每投资1元人民币，公司就会产生0.04元的利润。
What Has ROE Got To Do With Earnings Growth?
净资产收益率与盈利增长有什么关系？
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
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。根据公司选择再投资或“保留”多少利润，我们就能够评估一家公司未来产生利润的能力。一般来说，在其他条件相同的情况下，股本回报率和利润留存较高的公司比不具备这些特征的公司有更高的增长率。
TRS Information Technology's Earnings Growth And 3.5% ROE
TRS信息技术的盈利增长和3.5%的净资产收益率
It is hard to argue that TRS Information Technology's ROE is much good in and of itself. Even when compared to the industry average of 4.9%, the ROE figure is pretty disappointing. Although, we can see that TRS Information Technology saw a modest net income growth of 13% over the past five years. Therefore, the growth in earnings could probably have been caused by other variables. Such as - high earnings retention or an efficient management in place.
很难说TRS信息技术公司的净资产收益率本身就很好。即使与4.9%的行业平均水平相比，净资产收益率也是相当令人失望的。尽管如此，我们可以看到，TRS信息技术在过去五年中实现了13%的适度净收入增长。因此，收益的增长可能是由其他变量造成的。例如-高收益留存或有效的管理到位。
As a next step, we compared TRS Information Technology's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 9.5%.
作为下一步，我们将TRS信息科技的净收入增长与行业进行了比较，令人欣喜的是，我们发现该公司看到的增长高于行业平均9.5%的增长。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is TRS Information Technology fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的一个重要因素。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)。通过这样做，他们将知道股票是将进入清澈的蓝色水域，还是等待沼泽水域。与其他公司相比，TRS信息技术公司的价值是否公平？这3个估值指标可能会帮助你做出决定。
Is TRS Information Technology Making Efficient Use Of Its Profits?
TRS信息技术是否有效地利用了其利润？
TRS Information Technology has a low three-year median payout ratio of 14%, meaning that the company retains the remaining 86% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
TRS信息技术公司的三年派息率中值较低，为14%，这意味着该公司保留了剩余86%的利润。这表明管理层正在将大部分利润进行再投资，以实现业务增长。
Additionally, TRS Information Technology has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders.
此外，TRS信息技术公司在九年的时间里支付了股息，这意味着该公司对与股东分享利润是相当认真的。
Conclusion
结论
On the whole, we do feel that TRS Information Technology has some positive attributes. Even in spite of the low rate of return, the company has posted impressive earnings growth as a result of reinvesting heavily into its business. With that said, the latest industry analyst forecasts reveal that the company's earnings are expected to accelerate. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
总体而言，我们确实觉得TRS信息技术有一些积极的属性。尽管回报率很低，但由于对业务进行了大量再投资，该公司实现了令人印象深刻的收益增长。尽管如此，最新的行业分析师预测显示，该公司的收益预计将加速增长。这些分析师的预期是基于对该行业的广泛预期，还是基于该公司的基本面？点击此处进入我们分析师对该公司的预测页面。
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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。