Is Suzhou Longway Eletronic Machinery Co., Ltd's (SZSE:301202) Stock Price Struggling As A Result Of Its Mixed Financials?
Is Suzhou Longway Eletronic Machinery Co., Ltd's (SZSE:301202) Stock Price Struggling As A Result Of Its Mixed Financials?
It is hard to get excited after looking at Suzhou Longway Eletronic Machinery's (SZSE:301202) recent performance, when its stock has declined 20% over the past month. It seems that the market might have completely ignored the positive aspects of the company's fundamentals and decided to weigh-in more on the negative aspects. Stock prices are usually driven by a company's financial performance over the long term, and therefore we decided to pay more attention to the company's financial performance. Particularly, we will be paying attention to Suzhou Longway Eletronic Machinery's ROE today.
看了苏州龙威电子机械(SZSE: 301202)最近的表现,很难感到兴奋,当时其股票在过去一个月中下跌了20%。看来市场可能完全忽视了公司基本面的积极方面,并决定更多地考虑负面方面。股票价格通常由公司的长期财务业绩驱动,因此我们决定更多地关注公司的财务业绩。特别是,我们今天将关注苏州龙威电子机械的投资回报率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回报率或投资回报率是用于评估公司管理层利用公司资本效率的关键指标。换句话说,它是衡量公司股东提供的资本回报率的盈利比率。
Check out our latest analysis for Suzhou Longway Eletronic Machinery
查看我们对苏州朗威电子机械的最新分析
How To Calculate Return On Equity?
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(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Suzhou Longway Eletronic Machinery is:
因此,根据上述公式,苏州龙威电子机械的投资回报率为:
5.7% = CN¥69m ÷ CN¥1.2b (Based on the trailing twelve months to September 2023).
5.7% = 6900万元人民币 ÷ 12亿元人民币(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. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.06 in profit.
“回报” 是过去十二个月的税后收入。将其概念化的一种方法是,每拥有1元人民币的股东资本,公司的利润为0.06元人民币。
What Is The Relationship Between ROE And Earnings Growth?
投资回报率与收益增长之间有什么关系?
So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前为止,我们已经了解到,投资回报率是衡量公司盈利能力的指标。然后,我们能够评估公司的收益增长潜力,具体取决于公司对这些利润进行再投资或 “保留” 了多少及其有效性。假设其他一切保持不变,那么与不一定具有这些特征的公司相比,投资回报率和利润保留率越高,公司的增长率就越高。
Suzhou Longway Eletronic Machinery's Earnings Growth And 5.7% ROE
苏州朗威电子机械的收益增长和5.7%的投资回报率
At first glance, Suzhou Longway Eletronic Machinery's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.3%. Even so, Suzhou Longway Eletronic Machinery has shown a fairly decent growth in its net income which grew at a rate of 10%. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看,苏州朗威电子机械的投资回报率看起来并不十分乐观。然而,一项更仔细的研究表明,该公司的投资回报率与行业平均水平的6.3%相似。即便如此,苏州朗威电子机械的净收入仍表现出相当不错的增长,增长率为10%。考虑到投资回报率适中,很可能还有其他一些方面对公司的收益增长产生积极影响。例如——高收益留存率或实行高效管理。
As a next step, we compared Suzhou Longway Eletronic Machinery's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 13% in the same period.
下一步,我们将苏州龙威电子机械的净收入增长与行业进行了比较,并失望地看到该公司的增长低于同期13%的行业平均增长。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240123/0-9f945c95f3e5edf70cd1bc599bcf81a0-0-d4437e9e02cad4f10ef5eb29088ec487.png/big)
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Suzhou Longway Eletronic Machinery is trading on a high P/E or a low P/E, relative to its industry.
收益增长是股票估值的重要因素。投资者接下来需要确定的是,预期的收益增长或缺乏收益是否已经包含在股价中。这样做将帮助他们确定股票的未来是乐观还是不祥的。衡量预期收益增长的一个很好的指标是市盈率,它根据收益前景决定了市场愿意为股票支付的价格。因此,您可能需要检查苏州朗威电子机械相对于其行业是高市盈率还是低市盈率。
Is Suzhou Longway Eletronic Machinery Making Efficient Use Of Its Profits?
苏州朗威电子机械是否在有效利用其利润?
The high three-year median payout ratio of 61% (or a retention ratio of 39%) for Suzhou Longway Eletronic Machinery suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
苏州龙威电子机械的三年中位数派息率高达61%(或39%的留存率),这表明尽管该公司将大部分收入返还给了股东,但其增长并没有真正受到阻碍。
Summary
摘要
In total, we're a bit ambivalent about Suzhou Longway Eletronic Machinery's performance. Although the company has shown a fair bit of growth in earnings, the reinvestment rate is low. Meaning, the earnings growth number could have been significantly higher had the company been retaining more of its profits and reinvesting that at a higher rate of return. So far, we've only made a quick discussion around the company's earnings growth. You can do your own research on Suzhou Longway Eletronic Machinery and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.
总的来说,我们对苏州朗威电子机械的表现有点矛盾。尽管该公司的收益略有增长,但再投资率却很低。这意味着,如果该公司保留更多的利润并以更高的回报率进行再投资,收益增长数字可能会大大提高。到目前为止,我们仅就公司的收益增长进行了简短的讨论。你可以自己研究苏州朗威电子机械,看看这张免费的过去收益、收入和现金流的详细图表,看看它过去的表现。
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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。