Raytron Technology Co.,Ltd.'s (SHSE:688002) Stock Has Fared Decently: Is the Market Following Strong Financials?
Raytron Technology Co.,Ltd.'s (SHSE:688002) Stock Has Fared Decently: Is the Market Following Strong Financials?
Raytron TechnologyLtd's (SHSE:688002) stock is up by 4.8% over the past month. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Raytron TechnologyLtd's ROE in this article.
Raytron TechnologyLtd(上海證券交易所代碼:688002)的股票在過去一個月中上漲了4.8%。鑑於從長遠來看,市場會獎勵強勁的財務狀況,我們想知道在這種情況下是否如此。具體而言,我們決定在本文中研究雷創科技有限公司的投資回報率。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或投資回報率是對公司增值和管理投資者資金的有效性的考驗。簡而言之,它用於評估公司相對於其股權資本的盈利能力。
View our latest analysis for Raytron TechnologyLtd
查看我們對雷創科技有限公司的最新分析
How Do You Calculate Return On Equity?
你如何計算股本回報率?
The formula for return on equity is:
股本回報率的公式是:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Raytron TechnologyLtd is:
因此,根據上述公式,Raytron TechnologyLtd的投資回報率爲:
9.1% = CN¥463m ÷ CN¥5.1b (Based on the trailing twelve months to September 2023).
9.1% = 4.63億元人民幣 ÷ 51億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' is the yearly profit. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.09 in profit.
“回報” 是每年的利潤。另一種看法是,每持有價值1元人民幣的股權,該公司就能獲得0.09元人民幣的利潤。
Why Is ROE Important For Earnings Growth?
爲什麼投資回報率對收益增長很重要?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
我們已經確定,投資回報率是衡量公司未來收益的有效盈利指標。根據公司選擇將多少利潤進行再投資或 “保留”,我們便能夠評估公司未來創造利潤的能力。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
A Side By Side comparison of Raytron TechnologyLtd's Earnings Growth And 9.1% ROE
Raytron TechnologyLtd的收益增長和9.1%的投資回報率的並排比較
When you first look at it, Raytron TechnologyLtd's ROE doesn't look that attractive. However, the fact that the its ROE is quite higher to the industry average of 6.6% doesn't go unnoticed by us. This certainly adds some context to Raytron TechnologyLtd's moderate 15% net income growth seen over the past five years. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Therefore, the growth in earnings could also be the result of other factors. Such as- high earnings retention or the company belonging to a high growth industry.
當你第一次看時,瑞創科技有限公司的投資回報率看起來並不那麼吸引人。但是,其投資回報率遠高於行業平均水平的6.6%,這一事實並沒有被我們忽視。這無疑爲Raytron TechnologyLtd在過去五年中實現的15%的溫和淨收入增長增添了一些背景信息。話雖如此,該公司的投資回報率一開始確實略低,只是高於行業平均水平。因此,收益的增長也可能是其他因素的結果。例如-高收益留存率或屬於高增長行業的公司。
As a next step, we compared Raytron TechnologyLtd's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 11%.
下一步,我們將Raytron TechnologyLtd的淨收入增長與該行業進行了比較,令人高興的是,我們發現該公司的增長高於11%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231204/0-44fa25dbcfe4399d9dd4461b7ab07a3e-0-0797df6bce372e3551b93e7ae4bd8a62.png/big)
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is Raytron TechnologyLtd fairly valued compared to other companies? These 3 valuation measures might help you decide.
爲公司附加價值的基礎在很大程度上與其收益增長息息相關。無論如何,投資者應設法確定預期的收益增長或下降是否已計入其中。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。與其他公司相比,瑞創科技有限公司的估值是否合理?這3種估值指標可能會幫助您做出決定。
Is Raytron TechnologyLtd Making Efficient Use Of Its Profits?
Raytron TechnologyLtd 是否在有效利用其利潤?
Raytron TechnologyLtd's three-year median payout ratio to shareholders is 11% (implying that it retains 89% of its income), which is on the lower side, so it seems like the management is reinvesting profits heavily to grow its business.
Raytron TechnologyLtd的三年股東派息率中位數爲11%(這意味着它保留了89%的收入),處於較低水平,因此管理層似乎正在大量再投資利潤以發展其業務。
Besides, Raytron TechnologyLtd has been paying dividends over a period of three years. This shows that the company is committed to sharing profits with its shareholders.
此外,Raytron TechnologyLtd已在三年內派發了股息。這表明該公司致力於與股東分享利潤。
Conclusion
結論
In total, we are pretty happy with Raytron TechnologyLtd's performance. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們對雷創科技有限公司的表現非常滿意。特別是,很高興看到該公司的收益在可觀的投資回報率和高再投資率的支持下實現了顯著增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益有望增強。要詳細了解分析師對公司的最新預測,請查看該公司的分析師預測的可視化。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。