FLEX LNG Ltd. (NYSE:FLNG) Has A ROE Of 16%
FLEX LNG Ltd. (NYSE:FLNG) Has A ROE Of 16%
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. By way of learning-by-doing, we'll look at ROE to gain a better understanding of FLEX LNG Ltd. (NYSE:FLNG).
投资自身的知识和技能是我们能够做出的最好的投资之一。因此，本文将通过利用roe更好地了解一个企业。通过学以致用，我们将分析flex lng有限公司的roe。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits.
ROE，即净资产收益率，测试一家公司有效增加价值和管理股东资金的能力。换句话说，它揭示了公司将股东投资转化为利润的成功程度。
How Do You Calculate Return On Equity?
怎样计算ROE?
ROE can be calculated by using the formula:
净资产收益率可以使用以下公式进行计算：
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 FLEX LNG is:
因此，根据上述公式，flex lng的roe为:
16% = US$137m ÷ US$841m (Based on the trailing twelve months to March 2024).
16％ = 1.37亿美元/8.41亿美元（截至2024年3月底12个月）。
The 'return' is the income the business earned over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.16.
“回报”是企业在过去一年内获得的收入。这意味着，该公司为每个股东投资的1美元赚取了0.16美元的利润。
Does FLEX LNG Have A Good Return On Equity?
flex lng有限公司的roe表现如何？
Arguably the easiest way to assess company's ROE is to compare it with the average in 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 FLEX LNG has an ROE that is fairly close to the average for the Oil and Gas industry (17%).
评估企业roe的一种较简单的方法是将其与同一行业的平均水平进行比较。但这并不完美，因为即使是同一行业的企业也存在很大差异。从下面图表中可以看出，flex lng的roe与石油和天然气行业的平均值（17%）相当接近。
That isn't amazing, but it is respectable. Although the ROE is similar to the industry, we should still perform further checks to see if the company's ROE is being boosted by high debt levels. If a company takes on too much debt, it is at higher risk of defaulting on interest payments. Our risks dashboardshould have the 2 risks we have identified for FLEX LNG.
这并不是很惊人，但这是可敬的。虽然roe与行业相似，但我们仍应进一步检查公司的roe是否受到高负债水平的推动。如果一个公司负债过多，就更容易违约利息支付。我们的风险面板应该有我们已经为flex lng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？
Companies usually need to invest money 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 used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
企业通常需要投资资金来增加其利润。这笔资金可以来自留存收益、发行新股（股本）或债务。在前两种情况下，roe将捕捉到这种用于增长的资本。在后一种情况下，用于增长的债务将提高回报，但不会影响总股本。通过这种方式，即使企业的核心经济学保持不变，使用债务也会提高roe。
Combining FLEX LNG's Debt And Its 16% Return On Equity
结合flex lng的债务和16%的回报率
It's worth noting the high use of debt by FLEX LNG, leading to its debt to equity ratio of 1.06. While its ROE is respectable, it is worth keeping in mind that there is usually a limit as to how much debt a company can use. 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.
值得注意的是，flex lng使用了大量的债务，导致其债务股本比率为1.06。虽然它的roe是可敬的，但值得记住的是，公司可以使用的债务的数量通常是有限的。投资者应该仔细考虑一家公司在无法轻易借债的情况下可能的表现，因为信贷市场随时间变化。
Conclusion
结论
Return on equity is one way we can compare its business quality of different companies. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE.
股本收益率是我们可以比较不同公司业务质量的一种方式。在我们书中，具有高股本收益率的最高质量公司，尽管负债率低。如果两家公司的负债与股权水平大致相同，并且其中一家公司的ROE更高，我通常会更喜欢ROE更高的公司。
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roe是衡量企业质量的一个有用指标，但您还需要考虑一整套因素来确定购买股票的正确价格。重要的是要考虑其他因素，例如未来利润增长——以及未来需要多少投资。所以您可能想要查看这个数据丰富的交互图表，了解该公司的预测。
But note: FLEX LNG 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：flex lng可能不是最好的股票选择。因此，可以查看这个由高roe和低债务的有趣企业组成的免费清单。
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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。