AngloGold Ashanti's (NYSE:AU) Strong Earnings Are Of Good Quality
AngloGold Ashanti's (NYSE:AU) Strong Earnings Are Of Good Quality
When companies post strong earnings, the stock generally performs well, just like AngloGold Ashanti plc's (NYSE:AU) stock has recently. We have done some analysis, and we found several positive factors beyond the profit numbers.
当公司发布强劲的业绩时,股票通常表现良好,就像纽交所上的AngloGold Ashanti plc(NYSE:AU)股票最近表现良好一样。我们进行了一些分析,并发现了几个利润数字以外的积极因素。
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The Impact Of Unusual Items On Profit
除了稀释之外,还应该注意的是,万集科技在过去12个月中因不寻常项目获得了价值人民币3.5万元的利润。虽然我们希望看到利润增加,但当这些不寻常项目对利润做出重大贡献时,我们会更加谨慎。我们对全球大部分上市公司的数据进行了分析,发现不寻常项目往往是一次性的。这正如我们所期望的那样,因为这些提升被描述为"不寻常"。相对于其利润而言,万集科技在2021年12月前的不寻常项目贡献大。因此,我们可以推断出,这些不寻常项目正在使其财务利润显著增强。
To properly understand AngloGold Ashanti's profit results, we need to consider the US$429m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. AngloGold Ashanti took a rather significant hit from unusual items in the year to June 2024. As a result, we can surmise that the unusual items made its statutory profit significantly weaker than it would otherwise be.
为了正确理解AngloGold Ashanti的盈利结果,我们需要考虑归因于非常规项目的42900万美元的费用。虽然由于非常规项目而产生扣除首次令人失望,但其中有一线希望。当我们分析全球绝大多数上市公司时,我们发现重大的非常规项目通常不会重复出现。鉴于这些行项目前被认为是非常规的,这并不奇怪。AngloGold Ashanti在2024年6月的财年中受到了重大非常规项目的打击。因此,我们可以推断非常规项目使其法定利润显着较弱,而不是其本来的样子。
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
这可能会让您想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看基于其估计的未来盈利能力的互动图表。
Our Take On AngloGold Ashanti's Profit Performance
我们对AngloGold Ashanti的盈利表现看法如下
As we discussed above, we think the significant unusual expense will make AngloGold Ashanti's statutory profit lower than it would otherwise have been. Based on this observation, we consider it possible that AngloGold Ashanti's statutory profit actually understates its earnings potential! And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into AngloGold Ashanti, you'd also look into what risks it is currently facing. You'd be interested to know, that we found 1 warning sign for AngloGold Ashanti and you'll want to know about it.
正如我们上面所讨论的,我们认为重大非常规费用将使AngloGold Ashanti的法定利润比本来应有的要低。基于这一观察结果,我们认为AngloGold Ashanti的法定利润实际上低于其盈利潜力!令人欣慰的是,虽然去年亏损,但该公司今年实现了盈利的增长。最重要的是,如果您想透彻了解公司,就必须考虑以上因素以外的更多因素。如果您想深入挖掘AngloGold Ashanti,还应该研究该公司目前面临的风险。您会惊喜地发现,我们发现了一个AngloGold Ashanti的警告信号,您会想了解其中的细节。
This note has only looked at a single factor that sheds light on the nature of AngloGold Ashanti's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
本篇说明仅考虑了阐明AngloGold Ashanti盈利特征的单个因素。但是,还有很多其他方法可以来了解公司。例如,许多人认为高股本回报率表明了公司经济的有利情况,而另一些人则喜欢“跟随金钱”,寻找内部人正在买入的股票。虽然这可能需要您自己进行一些研究,但您会发现这个免费的具有高股本回报率的公司集合或这个具有重要内部持有的股票清单非常有用。
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