The Strong Earnings Posted By Zhang Jia Gang Freetrade Science&Technology GroupLtd (SHSE:600794) Are A Good Indication Of The Strength Of The Business
The Strong Earnings Posted By Zhang Jia Gang Freetrade Science&Technology GroupLtd (SHSE:600794) Are A Good Indication Of The Strength Of The Business
Even though Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd.'s (SHSE:600794) recent earnings release was robust, the market didn't seem to notice. We think that investors have missed some encouraging factors underlying the profit figures.
尽管张家刚自由贸易科技集团有限公司, Ltd. 's(上海证券交易所代码:600794)最近的财报表现强劲,市场似乎没有注意到。我们认为,投资者错过了利润数据背后的一些令人鼓舞的因素。
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A Closer Look At Zhang Jia Gang Freetrade Science&Technology GroupLtd's Earnings
仔细看看张家刚自由贸易科技集团有限公司的收益
As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. 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. The ratio shows us how much a company's profit exceeds its FCF.
正如金融迷已经知道的那样,现金流的应计比率是评估公司自由现金流(FCF)与利润匹配程度的关键指标。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。该比率向我们显示了公司的利润超过其FCF的程度。
As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.
因此,负应计比率对公司来说是正数,而正应计比率是负数。这并不意味着我们应该担心应计比率为正,但值得注意的是,应计比率相当高的地方。值得注意的是,有一些学术证据表明,总的来说,高应计率对短期利润来说是个坏兆头。
For the year to March 2024, Zhang Jia Gang Freetrade Science&Technology GroupLtd had an accrual ratio of -0.11. That implies it has good cash conversion, and implies that its free cash flow solidly exceeded its profit last year. To wit, it produced free cash flow of CN¥509m during the period, dwarfing its reported profit of CN¥260.5m. Zhang Jia Gang Freetrade Science&Technology GroupLtd shareholders are no doubt pleased that free cash flow improved over the last twelve months.
在截至2024年3月的一年中,张家刚自由贸易科技集团有限公司的应计比率为-0.11。这意味着它具有良好的现金转化率,也意味着其去年的自由现金流稳步超过了利润。换句话说,它在此期间产生的自由现金流为5.09亿元人民币,与其报告的2.605亿元利润相形见绌。张家刚自由贸易科技集团有限公司的股东无疑对过去十二个月自由现金流的改善感到高兴。
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 Zhang Jia Gang Freetrade Science&Technology GroupLtd's Profit Performance
我们对张家刚自由贸易科技集团有限公司盈利表现的看法
Zhang Jia Gang Freetrade Science&Technology GroupLtd's accrual ratio is solid, and indicates strong free cash flow, as we discussed, above. Because of this, we think Zhang Jia Gang Freetrade Science&Technology GroupLtd's earnings potential is at least as good as it seems, and maybe even better! And the EPS is up 18% annually, over the last three years. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example - Zhang Jia Gang Freetrade Science&Technology GroupLtd has 1 warning sign we think you should be aware of.
如上所述,张家刚自由贸易科技集团有限公司的应计比率稳健,表明自由现金流强劲。正因为如此,我们认为张家刚自由贸易科技集团有限公司的盈利潜力至少和看上去一样好,甚至可能更好!在过去三年中,每股收益每年增长18%。归根结底,如果你想正确地了解公司,必须考虑的不仅仅是上述因素。有鉴于此,如果你想对公司进行更多分析,了解所涉及的风险至关重要。例如,张家刚自由贸易科技集团有限公司有1个警告标志,我们认为你应该注意。
This note has only looked at a single factor that sheds light on the nature of Zhang Jia Gang Freetrade Science&Technology GroupLtd's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
这份报告只研究了揭示张家刚自由贸易科技集团有限公司利润性质的单一因素。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。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。因此,你可能希望看到这份免费收藏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。
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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。