Noblelift Intelligent EquipmentLtd (SHSE:603611) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Noblelift Intelligent EquipmentLtd (SHSE:603611) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Investors were disappointed with Noblelift Intelligent Equipment Co.,Ltd.'s (SHSE:603611) earnings, despite the strong profit numbers. Our analysis uncovered some concerning factors that we believe the market might be paying attention to.
投资者对Noblelift智能设备有限公司感到失望。, Ltd. 's(上海证券交易所代码:603611)的收益,尽管利润数字强劲。我们的分析发现了一些我们认为市场可能会关注的令人担忧的因素。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240426/0-d13bccaba503501c058d489a417d5967-0-2ef36375f742585eb3ffcf256e5e20e1.png/big)
A Closer Look At Noblelift Intelligent EquipmentLtd's Earnings
仔细看看Noblelift智能设备有限公司的收益
Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. This ratio tells us how much of a company's profit is not backed by free cashflow.
许多投资者还没有听说过现金流的应计比率,但它实际上是衡量公司在给定时期内自由现金流(FCF)在多大程度上支持利润的有用指标。为了获得应计比率,我们首先从一段时期的利润中减去FCF,然后将该数字除以该期间的平均运营资产。这个比率告诉我们,一家公司的利润中有多少没有自由现金流的支持。
Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth.
因此,当公司的应计比率为负时,这实际上被认为是一件好事,但是如果应计比率为正,则被认为是一件坏事。尽管应计比率高于零并不令人担忧,但我们确实认为,当公司的应计比率相对较高时,值得注意。那是因为一些学术研究表明,高应计比率往往会导致利润下降或利润增长放缓。
For the year to December 2023, Noblelift Intelligent EquipmentLtd had an accrual ratio of 0.31. We can therefore deduce that its free cash flow fell well short of covering its statutory profit, suggesting we might want to think twice before putting a lot of weight on the latter. Over the last year it actually had negative free cash flow of CN¥226m, in contrast to the aforementioned profit of CN¥457.7m. We saw that FCF was CN¥397m a year ago though, so Noblelift Intelligent EquipmentLtd has at least been able to generate positive FCF in the past.
在截至2023年12月的一年中,Noblelift智能设备有限公司的应计比率为0.31。因此,我们可以推断出其自由现金流远不足以支付其法定利润,这表明在对后者进行大量考虑之前,我们可能需要三思而后行。在过去的一年里,它实际上有 负面的 自由现金流为2.26亿元人民币,而上述利润为4.577亿元人民币。但是,我们看到一年前的FCF为3.97亿元人民币,因此Noblelift智能设备有限公司过去至少能够产生正的FCF。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。
Our Take On Noblelift Intelligent EquipmentLtd's Profit Performance
我们对Noblelift智能设备有限公司盈利表现的看法
Noblelift Intelligent EquipmentLtd didn't convert much of its profit to free cash flow in the last year, which some investors may consider rather suboptimal. Therefore, it seems possible to us that Noblelift Intelligent EquipmentLtd's true underlying earnings power is actually less than its statutory profit. But the good news is that its EPS growth over the last three years has been very impressive. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you'd like to know more about Noblelift Intelligent EquipmentLtd as a business, it's important to be aware of any risks it's facing. For example, we've found that Noblelift Intelligent EquipmentLtd has 2 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.
去年,Noblelift Intelligent EquipmentLtd没有将其大部分利润转化为自由现金流,一些投资者可能认为这种情况相当不理想。因此,在我们看来,Noblelift智能设备有限公司的真正潜在盈利能力实际上可能低于其法定利润。但好消息是,其在过去三年中的每股收益增长非常令人印象深刻。当然,我们只是在分析其收益时才浮出水面;人们还可以考虑利润率、预测增长和投资回报率等因素。如果您想进一步了解Noblelift智能设备有限公司作为一家企业,请务必了解其面临的任何风险。例如,我们发现 Noblelift 智能设备有限公司有 2 个警告标志(1 个令人担忧!)在进行进一步分析之前,这值得你注意。
Today we've zoomed in on a single data point to better understand the nature of Noblelift Intelligent EquipmentLtd's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.
今天,我们放大了单个数据点,以更好地了解Noblelift智能设备有限公司利润的性质。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。有些人认为高股本回报率是优质业务的好兆头。虽然可能需要你进行一些研究,但你可能会发现这份免费收集的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单很有用。
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?直接联系我们。 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。