What Titan Wind Energy (Suzhou) Co.,Ltd's (SZSE:002531) ROE Can Tell Us
What Titan Wind Energy (Suzhou) Co.,Ltd's (SZSE:002531) ROE Can Tell Us
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 Titan Wind Energy (Suzhou) Co.,Ltd (SZSE:002531).
许多投资者仍在学习分析股票时可能有用的各种指标。本文适用于那些想了解股本回报率(ROE)的人。通过边干边学的方式,我们将研究投资回报率,以更好地了解泰坦风能(苏州)有限公司。, Ltd (深圳证券交易所:002531)。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率或投资回报率是对公司增值和管理投资者资金的有效性的考验。简而言之,投资回报率显示了每美元从其股东投资中产生的利润。
How Is ROE Calculated?
ROE 是如何计算的?
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Titan Wind Energy (Suzhou)Ltd is:
因此,根据上述公式,泰坦风能(苏州)有限公司的投资回报率为:
8.0% = CN¥731m ÷ CN¥9.1b (Based on the trailing twelve months to March 2024).
8.0% = 73100万元人民币 ÷ 91元人民币(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. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.08.
“回报” 是指公司去年的收益。因此,这意味着其股东每投资1元人民币,公司就会产生0.08元人民币的利润。
Does Titan Wind Energy (Suzhou)Ltd Have A Good ROE?
泰坦风能(苏州)有限公司的投资回报率是否良好?
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. 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 Titan Wind Energy (Suzhou)Ltd has an ROE that is fairly close to the average for the Electrical industry (6.9%).
确定公司股本回报率是否不错的一种简单方法是将其与该行业的平均水平进行比较。重要的是,这远非一个完美的衡量标准,因为各公司在相同的行业分类中差异很大。你可以在下图中看到,泰坦风能(苏州)有限公司的投资回报率相当接近电气行业的平均水平(6.9%)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-e5dda36e0ff0e54abf4c94b5449f86f9-0-2b4aa1ca9ccf02019a18380f9467fd6c.png/big)
That's neither particularly good, nor bad. While at least the ROE is not lower than the industry, its still worth checking what role the company's debt plays as high debt levels relative to equity may also make the ROE appear high. If true, then it is more an indication of risk than the potential. You can see the 2 risks we have identified for Titan Wind Energy (Suzhou)Ltd by visiting our risks dashboard for free on our platform here.
这既不是特别好,也不是特别糟糕。尽管至少投资回报率不低于该行业,但仍值得检查该公司的债务起了什么作用,因为相对于股权的高债务水平也可能使投资回报率显得很高。如果属实,则与其说是潜在风险,不如说是风险。您可以在此处的平台上免费访问我们的风险控制面板,查看我们为泰坦风能(苏州)有限公司确定的两种风险。
The Importance Of Debt To Return On Equity
债务对股本回报率的重要性
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. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
大多数公司需要来自某个地方的资金来增加利润。这些现金可能来自留存收益、发行新股(股权)或债务。在前两个案例中,投资回报率将利用这种资本来增长。在后一种情况下,增长所需的债务将提高回报,但不会影响股东权益。因此,使用债务可以提高投资回报率,尽管比喻地说,暴风雨天气会带来额外的风险。
Combining Titan Wind Energy (Suzhou)Ltd's Debt And Its 8.0% Return On Equity
合并泰坦风能(苏州)有限公司的债务及其8.0%的股本回报率
Titan Wind Energy (Suzhou)Ltd does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.10. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. 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.
泰坦风能(苏州)有限公司确实使用大量债务来增加回报。它的负债权益比率为1.10。由于投资回报率相当低,而且债务使用量很大,目前很难对这项业务感到兴奋。投资者应该仔细考虑如果一家公司无法如此轻易地借款,其表现会如何,因为信贷市场确实会随着时间的推移而发生变化。
Summary
摘要
Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have the same ROE, then I would generally prefer the one with less debt.
股本回报率是衡量企业创造利润并将其返还给股东的能力的有用指标。能够在没有债务的情况下实现高股本回报率的公司可以被视为高质量的企业。如果两家公司的投资回报率相同,那么我通常更喜欢负债较少的公司。
But when a business is high quality, the market often bids it up to a price that reflects this. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So I think it may be worth checking this free report on analyst forecasts for the company.
但是,当企业质量很高时,市场通常会以反映这一点的价格对其进行出价。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,我认为可能值得查看这份关于分析师对公司的预测的免费报告。
But note: Titan Wind Energy (Suzhou)Ltd may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但请注意:泰坦风能(苏州)有限公司可能不是最好的买入股票。因此,来看看这份投资回报率高、债务低的有趣公司的免费清单。
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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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对这篇文章有反馈吗?担心内容吗?直接联系我们。或者,发送电子邮件至 editorial-team@simplywallst.com