Mattel, Inc. (NASDAQ:MAT) Has A ROE Of 14%
Mattel, Inc. (NASDAQ:MAT) Has A ROE Of 14%
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE to gain a better understanding of Mattel, Inc. (NASDAQ:MAT).
许多投资者仍在学习分析股票时有用的各种指标。本文是为那些想要了解股本回报率（ROE）的人准备的。 通过学习而不是理论，我们将查看ROE，以更好地了解Mattel，Inc.（NASDAQ：MAT）。
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?
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 Mattel is:
因此，根据以上公式，Mattel的ROE为：
14% = US$293m ÷ US$2.0b (Based on the trailing twelve months to March 2024).
14％= US$ 293m ÷ US$ 2.0b（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 $1 of shareholders' capital it has, the company made $0.14 in profit.
“回报”是指公司过去一年的盈利。这样概念化是对于每1美元的股东资本，公司获得了0.14美元的利润。
Does Mattel Have A Good Return On Equity?
Mattel的股本回报率如何？
By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. You can see in the graphic below that Mattel has an ROE that is fairly close to the average for the Leisure industry (15%).
通过将公司的ROE与其行业平均水平进行比较，我们可以快速测量其表现如何。但是，这远非完美的指标，因为即使在同一行业分类中，公司也存在明显差异。从下面的图表中可以看出，Mattel的ROE与休闲行业的平均水平（15％）相当接近。
That's neither particularly good, nor bad. Even if the ROE is respectable when compared to the industry, its worth checking if the firm's ROE is being aided by high debt levels. If true, then it is more an indication of risk than the potential. Our risks dashboardshould have the 2 risks we have identified for Mattel.
这既不算特别好也不算太差。即使与行业相比，ROE也是可观的，但其是否受高负债影响值得检查。如果属实，那么这更多是风险指标，而非潜力。我们的风险管理仪表板应指出了我们为Mattel确定的两个风险。
Why You Should Consider Debt When Looking At ROE
为什么在观察ROE时你应该考虑债务问题？
Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
大多数公司需要资金才能增加其利润。这笔现金可能来自保留收益、发行新股（股权）或债务。在前两种情况下，roe将捕捉到这种资本利用增长的情况。在后一种情况下，用于增长的债务将增加roe，但不会影响股东权益。通过这种方式，债务的使用将增加roe，即使企业的核心经济学依然是相同的。
Mattel's Debt And Its 14% ROE
Mattel的负债和其14％的ROE
Mattel clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.15. There's no doubt its ROE is decent, but the very high debt the company carries is not too exciting to see. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time.
Mattel显然使用大量借贷来提高回报率，因为其负债股本比为1.15。毫无疑问，它的ROE相当不错，但是公司承载的非常高的负债并不令人兴奋。投资者应仔细考虑如果公司无法轻易借款将如何执行，因为信贷市场随时间而变化。
Conclusion
结论
Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt.
当然，联合租赁公司可能并不是最佳的买入股票。因此，您可能也希望查看这个包含其他高ROE低负债的公司的免费系列。
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 check this FREE visualization of analyst forecasts for the company.
话虽如此，ROE是业务质量的一个有用指标，但您还必须考虑一整套因素来确定购买股票的正确价格。因此需要考虑其他因素，如未来的利润增长以及未来需要投入的资金。因此，您可能希望查看本公司的分析师预测的免费可视化。
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
如果您想查看另一家具有潜在优越财务状况的公司，则不要错过此具有高ROE和低债务的有趣公司的免费列表。
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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。
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。