Can Mixed Financials Have A Negative Impact on The Trade Desk, Inc.'s 'S (NASDAQ:TTD) Current Price Momentum?
Can Mixed Financials Have A Negative Impact on The Trade Desk, Inc.'s 'S (NASDAQ:TTD) Current Price Momentum?
Most readers would already know that Trade Desk's (NASDAQ:TTD) stock increased by 7.2% over the past three months. However, we decided to study the company's mixed-bag of fundamentals to assess what this could mean for future share prices, as stock prices tend to be aligned with a company's long-term financial performance. In this article, we decided to focus on Trade Desk's ROE.
大多数读者可能已经知道，Trade Desk（纳斯达克：TTD）股票在过去三个月里上涨了7.2％。但是，我们决定研究公司的基本面，以评估这对于未来股价意味着什么，因为股价往往与公司的长期财务绩效相一致。在本文中，我们决定关注Trade Desk的ROE。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
roe或股东权益回报率是评估公司如何有效地从股东那里获得回报的有用工具。简而言之，它用于评估公司相对于其权益资本的盈利能力。
How To Calculate Return On Equity?
如何计算股东权益报酬率？
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 Trade Desk is:
因此，根据上述公式，Trade Desk的ROE为：
9.3% = US$201m ÷ US$2.2b (Based on the trailing twelve months to March 2024).
9.3％=US $ 201m÷US $ 2.2b（基于截至2024年3月的过去十二个月）。
The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.09 in profit.
“回报”是年利润。换句话说，对于每1美元的股本，公司能够获得0.09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. 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.
因此，我们已经了解到roe是衡量公司利润率的有效方法。根据公司重新投资或“保留”这些收益的程度以及其有效程度，我们就能评估公司的盈利增长潜力。假设其他条件相同，权益回报率和利润保留越高的公司通常比没有相同特点的公司具有更快的增长率。
Trade Desk's Earnings Growth And 9.3% ROE
Trade Desk的盈利增长和9.3％的ROE
At first glance, Trade Desk's ROE doesn't look very promising. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 14% either. As a result, Trade Desk's flat net income growth over the past five years doesn't come as a surprise given its lower ROE.
乍一看，Trade Desk的ROE看起来并不十分有前途。快速进一步研究表明，公司的ROE与行业平均水平14％相比不占优势。因此，考虑到其较低的ROE，Trade Desk过去五年的平坦净收入增长也不足为奇。
We then compared Trade Desk's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 7.3% in the same 5-year period, which is a bit concerning.
然后，我们将Trade Desk的净收入增长与行业进行比较，发现公司的增长率低于同一5年期行业平均增长率7.3％，这有点令人担忧。
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. Is Trade Desk fairly valued compared to other companies? These 3 valuation measures might help you decide.
盈利增长是股票估值的重要因素。投资者知道市场是否已经定价了公司预期的盈利增长（或下降）是非常重要的。这样做，他们将了解股票是否进入清澈的蓝水区域，或者是否将迎来泥泞的险境。与其他公司相比，Trade Desk的估值是否合理？这3个估值指标可能会帮助您做出决策。
Is Trade Desk Making Efficient Use Of Its Profits?
Trade Desk是否有效利用其利润？
Trade Desk doesn't pay any regular dividends, meaning that potentially all of its profits are being reinvested in the business. However, this doesn't explain why the company hasn't seen any growth. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline.
Trade Desk不支付任何定期股息，这意味着其所有利润可能正在被重新投资到业务中。然而，这并不能解释为什么该公司没有看到任何增长。这似乎有一些其他原因可以解释这种缺失。例如，业务可能正在下滑。
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 Trade Desk's performance. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the 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Trade Desk的表现有些矛盾。虽然公司的再投资率很高，但低ROE意味着所有再投资并没有为其投资者带来任何好处，并且对盈利增长产生了负面影响。即便如此，最新的分析师预测显示该公司将继续扩大其利润。要了解有关公司未来盈利增长预测的更多信息，请查看此免费报告分析师对该公司的预测。
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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
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。