Why Everi Holdings Inc. (NYSE:EVRI) Looks Like A Quality Company
Why Everi Holdings Inc. (NYSE:EVRI) Looks Like A Quality Company
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Everi Holdings Inc. (NYSE:EVRI).
虽然一些投资者已经了解金融指标（帽子），但本文是为那些想要学习回报权益（ROE）以及其重要性的人而写的。通过实践学习的方式，我们将查看ROE以更好地了解Everi Holdings Inc.（纽交所：EVRI）。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或ROE是一项用于评估公司管理层如何利用公司资本的效率的关键指标。简而言之，它用于评估公司相对于其股本资本的盈利能力。
How Do You Calculate Return On Equity?
怎样计算ROE?
The formula for return on equity is:
权益回报率的计算公式是：
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 Everi Holdings is:
因此，根据上述公式，Everi Holdings的ROE为：
26% = US$60m ÷ US$231m (Based on the trailing twelve months to March 2024).
26％= US $ 60m ÷ US $ 231m（基于截至2024年3月的过去十二个月）。
The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.26 in profit.
“回报”是每年的利润。 一个概念化这个的方法是对于每$ 1的股东资本，公司赚取$0.26的利润。
Does Everi Holdings Have A Good ROE?
Everi Holdings的ROE表现如何？
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Everi Holdings has a higher ROE than the average (18%) in the Hospitality industry.
判断一家公司的回报权益是否良好的一个简单方法是将其与行业平均水平进行比较。该方法的局限性在于，即使在同一行业分类中，有些公司也与其他公司非常不同。如下图所示，Everi Holdings的ROE高于酒店行业的平均水平（18％）。
That is a good sign. However, bear in mind that a high ROE doesn't necessarily indicate efficient profit generation. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. You can see the 2 risks we have identified for Everi Holdings by visiting our risks dashboard for free on our platform here.
这是一个好迹象。然而，请记住，高ROE并不一定表明高效率的利润生成。除了净收入的变化外，高ROE还可能是与股权相对较高的债务导致的结果，这表明存在风险。我们已经为Everi Holdings确定了2个风险，您可以通过访问我们的网站来了解更多信息。风险仪表板在浏览完所有相关因素确定股票购买价格后，ROE是一个有用的公司质量指标。此外，还需要考虑其他因素，例如未来盈利增长以及未来需要投入多少投资。因此，我认为值得查看这份免费的详细收益、营收和现金流图表。
How Does Debt Impact Return On Equity?
债务如何影响股东回报率？
Most companies need money -- from somewhere -- to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. That will make the ROE look better than if no debt was used.
大多数公司需要资金-从某处-来增长利润。 投资的资金可以来自前年的利润（保留收益），发行新股或借款。 在前两个选项的情况下，ROE将反映出这种用于增长的现金使用。 在后一种情况下，为增长所需的债务将提高回报，但不会影响股东权益。 这将使ROE看起来比如果没有使用债务更好。
Everi Holdings' Debt And Its 26% ROE
我们认为Everi Holdings利用大量债务来最大化其回报，因为其债务股本比显着高4.19。 尽管其ROE无疑相当令人印象深刻，但是考虑到其巨额债务可能正在提高这些回报，因此可能会产生错误的印象。
We think Everi Holdings uses a significant amount of debt to maximize its returns, as it has a significantly higher debt to equity ratio of 4.19. While its ROE is no doubt quite impressive, it could give a false impression about the company's returns given that its huge debt could be boosting those returns.
当然，Everi Holdings可能不是最好的股票购买对象。因此，您可能希望查看其他具有高ROE和低债务的公司的免费收藏。
Conclusion
结论
Return on equity is useful for comparing the quality of different businesses. Companies that can achieve high returns on equity without too much debt are generally of good quality. All else being equal, a higher ROE is better.
股本回报率可以用于比较不同企业的质量。没有太多负债即可实现高回报的公司通常质量较好。其他因素相等的情况下，较高的ROE更好。
Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
尽管如此，虽然ROE是业务质量的一个有用指标，但您需要查看一整套因素来确定正确的股票购买价格。重要的是要考虑其他因素，例如未来的利润增长，以及未来需要多少投资。因此，您可能需要查看这个数据丰富的交互式预测图。
Of course Everi Holdings may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt.
当然，everi可能不是最好的买入股票。因此，您可能希望查看这个免费收集的其他公司，这些公司具有高roe和低债务。
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.
对本文有反馈？关于内容有所顾虑？直接和我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈？关于内容有所顾虑？直接和我们联系。或者发送电子邮件至editorial-team@simplywallst.com。