Is OGE Energy Corp.'s (NYSE:OGE) 9.2% ROE Better Than Average?
Is OGE Energy Corp.'s (NYSE:OGE) 9.2% ROE Better Than Average?
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. By way of learning-by-doing, we'll look at ROE to gain a better understanding of OGE Energy Corp. (NYSE:OGE).
我们可以做的最好的投资之一就是投资自己的知识和技能。考虑到这一点,本文将介绍如何使用股本回报率(ROE)来更好地了解业务。通过边干边学,我们将研究投资回报率,以更好地了解OGE Energy Corp.(纽约证券交易所代码:OGE)。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
投资回报率或股本回报率是评估公司如何有效地从股东那里获得投资回报的有用工具。换句话说,它揭示了公司成功地将股东投资转化为利润。
See our latest analysis for OGE Energy
查看我们对OGE Energy的最新分析
How Do You Calculate Return On Equity?
你如何计算股本回报率?
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for OGE Energy is:
因此,根据上述公式,OGE Energy的投资回报率为:
9.2% = US$419m ÷ US$4.5b (Based on the trailing twelve months to September 2023).
9.2% = 4.19亿美元 ¥45亿美元(基于截至2023年9月的过去十二个月)。
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.09.
“回报” 是过去十二个月的税后收入。因此,这意味着其股东每投资1美元,公司就会产生0.09美元的利润。
Does OGE Energy Have A Good Return On Equity?
OGE Energy 的股本回报率不错吗?
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. You can see in the graphic below that OGE Energy has an ROE that is fairly close to the average for the Electric Utilities industry (8.3%).
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。重要的是,这远非一个完美的衡量标准,因为在同一行业分类中,公司差异很大。您可以在下图中看到,OGE Energy的投资回报率相当接近电力行业的平均水平(8.3%)。
![roe](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231114/0-581d70cf733c6394a7f1d581a4cdb627-0-efc472d38d9043157d49401654021109.png/big)
That isn't amazing, but it is respectable. Although the ROE is similar to the industry, we should still perform further checks to see if the company's ROE is being boosted by high debt levels. If a company takes on too much debt, it is at higher risk of defaulting on interest payments. To know the 3 risks we have identified for OGE Energy visit our risks dashboard for free.
这并不奇怪,但还是值得尊敬的。尽管投资回报率与该行业相似,但我们仍应进行进一步检查,以查看高债务水平是否提振了该公司的投资回报率。如果一家公司承担过多的债务,则拖欠利息的风险就会更高。要了解我们为OGE Energy确定的3种风险,请免费访问我们的风险仪表板。
How Does Debt Impact Return On Equity?
债务如何影响股本回报率?
Most companies need money -- from somewhere -- to grow their profits. That cash can come from issuing shares, retained earnings, or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
大多数公司需要来自某个地方的资金来增加利润。这些现金可以来自发行股票、留存收益或债务。在第一种和第二种情况下,投资回报率将反映这种使用现金投资业务的情况。在后一种情况下,增长所需的债务将提高回报,但不会影响股东权益。因此,比喻地说,使用债务可以提高投资回报率,尽管在暴风雨天气下还会带来额外的风险。
OGE Energy's Debt And Its 9.2% ROE
OGE Energy的债务及其9.2%的投资回报率
OGE Energy does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.05. Its ROE is quite low, even with the use of significant debt; that's not a good result, in our opinion. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it.
OGE Energy确实使用大量债务来增加回报。它的负债权益比率为1.05。即使使用了大量债务,它的投资回报率也相当低;在我们看来,这不是一个好结果。债务会增加风险,减少公司未来的选择,因此您通常希望从使用债务中获得一些丰厚的回报。
Summary
摘要
Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt.
股本回报率对于比较不同业务的质量很有用。在我们的账簿中,尽管债务很低,但质量最高的公司的股本回报率却很高。如果两家公司的投资回报率相同,那么我通常更喜欢负债较少的公司。
But when a business is high quality, the market often bids it up to a price that reflects this. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
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。与股票价格所反映的预期相比,利润增长率尤其值得考虑。因此,你可能想看看这张数据丰富的公司预测交互式图表。
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
如果你更愿意去另一家公司——一家财务状况可能优越的公司——那么千万不要错过这份免费的股本回报率高、债务低的有趣公司的名单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。