Is Concentrix Corporation's (NASDAQ:CNXC) 6.5% ROE Worse Than Average?
Is Concentrix Corporation's (NASDAQ:CNXC) 6.5% ROE Worse Than Average?
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 Concentrix Corporation (NASDAQ:CNXC).
许多投资者仍在学习分析股票时可以使用的各种指标。本文是为了那些想要了解股东权益回报率(roe)的人。通过学习by-doing,我们将看看roe,以更好地了解Concentrix Corporation (纳斯达克:CNXC)。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股本回报率或roe是评估公司管理层如何有效利用公司资本的关键指标。简而言之,ROE显示每美元股东投资所产生的利润。
How To Calculate Return On Equity?
如何计算股东权益报酬率?
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 Concentrix is:
所以,根据上述公式,Concentrix的ROE为:
6.5% = US$266m ÷ US$4.1b (Based on the trailing twelve months to May 2024).
6.5% = 2.66亿美元 ÷ 410亿美元(根据截至2024年5月的过去十二个月)。
The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.07 in profit.
“回报”是每年的利润。这意味着对于每1美元的股东权益,公司会产生0.07美元的利润。
Does Concentrix Have A Good Return On Equity?
Concentrix的净资产收益率好吗?
By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As is clear from the image below, Concentrix has a lower ROE than the average (16%) in the Professional Services industry.
通过将公司的净资产收益率与行业平均值进行比较,我们可以快速衡量其表现。但值得注意的是,这并不是一个完美的指标,因为同一行业中的公司存在显著差异。从下方图像可以清楚地看出,Concentrix在专业服务行业的净资产收益率低于平均水平(16%)。
![1724234617753](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240821/42660324-0-b46579cec854e0f8ea010e831e1691b5.webp/bigjpg)
Unfortunately, that's sub-optimal. However, a low ROE is not always bad. If the company's debt levels are moderate to low, then there's still a chance that returns can be improved via the use of financial leverage. When a company has low ROE but high debt levels, we would be cautious as the risk involved is too high. To know the 5 risks we have identified for Concentrix visit our risks dashboard for free.
不幸的是,这是次优的情况。然而,低净资产收益率并不总是不好的。如果公司的债务水平适中或较低,那么仍然有机会通过利用财务杠杆来改善回报。当公司净资产收益率低但债务水平高时,我们会持谨慎态度,因为所涉及的风险太高。要了解我们为Concentrix确定的5个风险,请免费访问我们的风险仪表板。
How Does Debt Impact ROE?
债务对ROE的影响是怎样的?
Virtually all companies need money to invest in the business, to grow profits. That cash can come from retained earnings, issuing new shares (equity), or debt. 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 used for growth will improve returns, but won't affect the total equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
几乎所有公司都需要资金来投资业务,以增加利润。这笔资金可以来自留存收益、发行新股(股权)或债务。在前两种情况下,净资产收益率将反映出这些资金在业务投资上的使用。在后一种情况下,用于增长的债务将改善回报率,但不会影响总净资产。因此,债务的使用可以改善净资产收益率,尽管在风雨飘摇的情况下也带来额外的风险,比喻而言。
Combining Concentrix's Debt And Its 6.5% Return On Equity
结合concentrix的债务和其6.5%的净资产收益率
Concentrix does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.21. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Debt does bring extra risk, so it's only really worthwhile when a company generates some decent returns from it.
Concentrix确实使用大量债务来提高回报。它的资产负债比为1.21。净资产收益率相对较低,并且使用了大量债务,所以目前很难对这家公司感到兴奋。债务会带来额外风险,因此只有在公司从中获得一些可观回报时才真正值得。
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。
Return on equity is one way we can compare its business quality of different companies. Companies that can achieve high returns on equity without too much debt are generally of good quality. All else being equal, a higher ROE is better.
ROE是我们比较不同公司业务质量的一种方法。一般而言,能够在不过度依赖于债务的情况下获得高回报的公司通常是优质的公司。除此之外,其他条件相同,更高的ROE更好。
But when a business is high quality, the market often bids it up to a price that reflects this. 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 report on analyst forecasts for the company.
但当一个企业是高品质时,市场通常会将它竞拍到反映这一点的价格。考虑到利润增长的速度,相对于当前价格所反映的利润增长预期,也必须加以考虑。因此,我认为值得查看此公司的分析师预测免费报告。
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
如果您想查看另一家可能具有更好财务状况的公司 - 具有高股本回报率和低债务的公司,那么请不要错过这份有趣公司列表,该列表免费提供。
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