Why Helport AI Limited (NASDAQ:HPAI) Looks Like A Quality Company
Why Helport AI Limited (NASDAQ:HPAI) 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. We'll use ROE to examine Helport AI Limited (NASDAQ:HPAI), by way of a worked example.
虽然一些投资者已经精通财务指标(致敬),但本文旨在让那些想学习ROE以及了解其重要性的人了解ROE。我们将使用ROE作为范例,对Helport AI Limited(纳斯达克:HPAI)进行检查。
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.
股东权益回报率(ROE)是检验公司增加其价值和管理投资者资金有效性的测试。简而言之,ROE显示每个美元的利润与其股东的投资有关。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
Return on equity can be calculated by using the formula:
股东权益报酬率可以使用以下公式计算:
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 Helport AI is:
因此,根据上述公式,Helport AI的ROE为:
73% = US$8.7m ÷ US$12m (Based on the trailing twelve months to December 2023).
73% = US$870万 ÷ US$1200万(截至2023年12月的过去十二个月).
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.73 in profit.
“回报”是企业过去一年的收入。其中一种理解方式是,每1美元的股东资本,公司获得0.73美元的利润。
Does Helport AI Have A Good Return On Equity?
Helport AI是否有良好的ROE呢?
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. Pleasingly, Helport AI has a superior ROE than the average (14%) in the Software industry.
评估一个公司的ROE最简单的方法之一是将其与同一行业中的平均水平进行比较。但是,由于公司在同一行业分类中的差异相当大,因此此方法仅用作大致检查。令人高兴的是,Helport AI的ROE优于软件行业的平均水平(14%)。
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That's clearly a positive. Bear in mind, a high ROE doesn't always mean superior financial performance. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. To know the 3 risks we have identified for Helport AI visit our risks dashboard for free.
这显然是一个积极的因素。请记住,高ROE并不总是意味着更优秀的财务表现。除了净收入的变化外,高ROE也可以是相对于股本的高债务的结果,这表明存在风险。要了解我们为Helport AI确定的3个风险,请访问我们的免费风险仪表板。
How Does Debt Impact ROE?
债务对ROE的影响是怎样的?
Companies usually need to invest money to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first and second cases, the ROE will reflect this use of cash for investment in the business. 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.
公司通常需要投入资金才能增加其利润。投资的现金可来自于往年利润(留存收益)、发行新股或借款。在第一种和第二种情况下,roe将反映出这种投资资金用于业务的情况。在后一种情况下,为了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看起来比没有使用债务的情况更好。
Combining Helport AI's Debt And Its 73% Return On Equity
结合Helport AI的负债和73%的ROE
Helport AI has a debt to equity ratio of just 0.05, which is very low. The combination of modest debt and a very impressive ROE does suggest that the business is high quality. Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.
Helport AI的负债股本比仅为0.05,非常低。适度使用债务来提高回报通常是股东的明智之举,尽管这会使公司更容易受到利率上升的影响。同时,虽然ROE是业务质量的一个有用指标,但您仍需要考虑一系列因素来确定购买股票的正确价格。还必须考虑盈利增长预期相对于当前价格反映的盈利增长预期的速度。因此,我认为值得检查一下这个免费的详细收益、营收和现金流图表。
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. All else being equal, a higher ROE is better.
ROE可用于比较不同企业的质量。在我们看来,高ROE且负债率较低的公司是最优质的公司。其他条件相等的情况下,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. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So I think it may be worth checking this free this detailed graph of past earnings, revenue and cash flow.
当然,虽然ROE是业务质量的一个有用指标,但您仍需要考虑一系列因素来确定购买股票的正确价格。还必须考虑盈利增长预期相对于当前价格反映的盈利增长预期的速度。因此,我认为值得检查一下这个免费的详细收益、营收和现金流图表。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然,您也可能通过寻找其他地方来找到出色的投资。因此,不妨查看这个有趣公司的免费列表。
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