Are ANSYS, Inc.'s (NASDAQ:ANSS) Mixed Financials Driving The Negative Sentiment?
Are ANSYS, Inc.'s (NASDAQ:ANSS) Mixed Financials Driving The Negative Sentiment?
With its stock down 4.0% over the past three months, it is easy to disregard ANSYS (NASDAQ:ANSS). It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Fundamentals usually dictate market outcomes so it makes sense to study the company's financials. Particularly, we will be paying attention to ANSYS' ROE today.
ANSYS（NASDAQ：ANSS）过去三个月股价下跌了4.0％。市场可能忽略了公司的不同财务情况并决定倾向于负面情绪。通常基本面决定市场结果，因此研究公司的财务状况是合理的。特别是，今天我们将关注ANSYS的ROE。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
净资产收益率（ROE）是衡量公司增值和管理投资者资金有效性的测试。换句话说，它是一种盈利能力比率，用于衡量公司股东提供的资金回报率。
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 ANSYS is:
因此，根据上述公式，ANSYS的ROE为：
8.0% = US$435m ÷ US$5.4b (Based on the trailing twelve months to March 2024).
8.0％= US$435m ÷ US$5.4b（基于截至2024年3月的过去十二个月）。
The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.08 in profit.
“回报”是过去十二个月的利润。这意味着对于每1美元的股东权益，公司创造了0.08美元的利润。
Why Is ROE Important For Earnings Growth?
ROE对于盈利增长的重要性是什么？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. 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衡量公司如何高效地生成利润。现在我们需要评估公司以后的增长潜力，即公司重新投资或“保留”的利润。其他条件相同的情况下，同时具有较高的股权回报率和较高的利润保留的公司通常是相对于不具备相同特点的公司而言增长率更高的公司。
A Side By Side comparison of ANSYS' Earnings Growth And 8.0% ROE
ANSYS收益增长和8.0％ROE的并排比较
When you first look at it, ANSYS' ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 12%. As a result, ANSYS reported a very low income growth of 3.9% over the past five years.
当您首次查看时，ANSYS的ROE看起来并不那么吸引人。然后我们将公司的ROE与更广泛的行业相比较，失望地看到ROE低于12％的行业平均水平。因此，ANSYS在过去五年中报告了仅3.9％的净收入增长。
As a next step, we compared ANSYS' net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 15% in the same period.
作为下一步，我们将ANSYS的净收入增长与行业进行比较，失望地看到公司的增长低于同期15％的行业平均增长。
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. What is ANSS worth today? The intrinsic value infographic in our free research report helps visualize whether ANSS is currently mispriced by the market.
盈利增长是考虑估价股票时重要的指标。投资者应该尝试确定预期的盈利增长或下降（无论情况如何）是否已经定价。然后，这有助于他们判断股票未来是会光明还是黯淡。ANSYS今天值多少钱？我们免费的研究报告中的内在价值信息图表能够帮助您了解ANSYS是否被市场当前错误定价。
Is ANSYS Making Efficient Use Of Its Profits?
ANSYS是否有效地利用其利润？
ANSYS doesn't pay any regular dividends, which means that it is retaining all of its earnings. However, there's only been very little earnings growth to show for it. So there could be some other explanation in that regard. For instance, the company's business may be deteriorating.
ANSYS没有支付任何常规股息，这意味着它保留了所有收益。但是，很少有收益增长可以展示。因此，可能存在其他说明。例如，公司的业务可能正在恶化。
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。
On the whole, we feel that the performance shown by ANSYS can be open to many interpretations. 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.
总体而言，我们认为ANSYS所展示的业绩可以有很多解释。虽然公司具有高利润保留率，但其低回报率可能正在阻碍其盈利增长。即便如此，最新的分析师预测显示公司将继续看到盈利扩张。要了解有关分析师预测的有关公司未来盈利增长预测的更多信息，请查看此免费报告。
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