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Runa Smart Equipment Co., Ltd.'s (SZSE:301129) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

Runa Smart Equipment Co., Ltd.'s (SZSE:301129) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?

瑞纳智能设备有限公司's (SZSE: 301129) 股票正在上涨但财务状况看起来模棱两可:势头会持续吗?
Simply Wall St ·  05/30 20:08

Runa Smart Equipment (SZSE:301129) has had a great run on the share market with its stock up by a significant 55% over the last week. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. Specifically, we decided to study Runa Smart Equipment's ROE in this article.

Runa智能设备(SZSE:301129)在股市上运行得很好,上周股票上涨了显著的55%。但是,我们想知道公司不一致的财务状况是否会对当前的股价动能产生任何负面影响。具体而言,我们决定在本文中研究Runa智能设备的roe。

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Put another way, it reveals the company's success at turning shareholder investments into profits.

ROE(净资产收益率)是股东需考虑的一个重要因素,因为它告诉他们资本被有效地再投资的效果如何。换句话说,它揭示了公司将股东的投资转化为利润的成功程度。

How Do You Calculate Return On Equity?

怎样计算ROE?

Return on equity can be calculated by using the formula:

股东权益报酬率可以使用以下公式计算:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

净资产收益率 = 净利润(从持续经营中获得)÷ 股东权益

So, based on the above formula, the ROE for Runa Smart Equipment is:

因此,根据上述公式,Runa Smart Equipment的ROE是:

3.1% = CN¥51m ÷ CN¥1.7b (Based on the trailing twelve months to March 2024).

3.1%= CN¥51m ÷ CN¥1.7b(基于截至2024年3月的过去十二个月)。

The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.03 in profit.

“回报”是指公司在过去一年的收益。一个理解这个指标的方法是,对于每个股东的1元资本,公司的利润是0.03元人民币。

What Has ROE Got To Do With Earnings Growth?

ROE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. 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 all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

到目前为止,我们已经了解到 ROE 是衡量公司盈利能力的指标。根据公司再投资或“保留”的这些利润的数量以及其有效性,我们可以评估公司的盈利增长潜力。假设其他都相同,ROE 和利润保留较高的公司通常具有更高的增长率,与那些没有这些特点的公司相比。

Runa Smart Equipment's Earnings Growth And 3.1% ROE

Runa Smart Equipment的收益增长和3.1%的ROE

It is hard to argue that Runa Smart Equipment's ROE is much good in and of itself. Even compared to the average industry ROE of 6.3%, the company's ROE is quite dismal. Therefore, Runa Smart Equipment's flat earnings over the past five years can possibly be explained by the low ROE amongst other factors.

很难争辩说Runa智能设备的roe本身很好。即使与行业平均roe 6.3%相比,该公司的roe也相当低调。因此,除其他因素外,Runa智能设备在过去五年中的平坦收益可能可以解释为低的roe。

Next, on comparing with the industry net income growth, we found that Runa Smart Equipment's reported growth was lower than the industry growth of 6.4% over the last few years, which is not something we like to see.

接下来,与行业净收入增长相比,我们发现Runa智能设备报告的增长低于近年来行业6.4%的增长,这不是我们想看到的。

past-earnings-growth
SZSE:301129 Past Earnings Growth May 31st 2024
SZSE:301129过去的收益增长

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. If you're wondering about Runa Smart Equipment's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

收益增长是股票估值的一个重要因素。投资者重要知道市场是否已经定价了公司的预期收益增长(或下降)。通过这样做,他们将了解股票是否进入明确的蓝水区,还是等待沼泽的水域。如果您想了解Runa Smart Equipment的估值,请参考其市盈率的测量结果,与所在行业相比。

Is Runa Smart Equipment Using Its Retained Earnings Effectively?

Runa智能设备是否有效地利用了其留存收益?

Despite having a moderate three-year median payout ratio of 30% (meaning the company retains70% of profits) in the last three-year period, Runa Smart Equipment's earnings growth was more or les flat. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.

尽管过去三年中Runa智能设备具有中等的三年中位数派息比率为30%(即该公司保留了70%的利润),但其收益增长就更趋平。因此,可能存在其他因素导致增长不佳。例如,该业务遇到了一些阻力。

Additionally, Runa Smart Equipment started paying a dividend only recently. So it looks like the management must have perceived that shareholders favor dividends over earnings growth.

此外,Runa智能设备最近才开始支付股息。因此,管理层必须认为股东喜欢股息而不是收益增长。

Summary

总的来说,我们对伟明环保的表现非常满意。具体而言,我们喜欢公司以高回报率再投资了其利润的很大一部分。当然,这导致公司的收益大幅增长。但是,最新的行业分析师预测表明,该公司的收益预计将加速增长。

In total, we're a bit ambivalent about Runa Smart Equipment's performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. That being so, the latest analyst forecasts show that the company will continue to see an expansion in its earnings. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

总的来说,我们对Runa智能设备的表现有些矛盾。虽然该公司的保留利润率很高,但其低回报率可能妨碍了其收益增长。即便如此,最新的分析师预测显示,该公司将继续扩大其收益。要了解有关该公司未来收益增长预测的更多信息,请查看此免费报告,以获取更多信息。

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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.

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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。

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