Is Suzhou Longway Eletronic Machinery Co., Ltd's (SZSE:301202) Stock Price Struggling As A Result Of Its Mixed Financials?
Is Suzhou Longway Eletronic Machinery Co., Ltd's (SZSE:301202) Stock Price Struggling As A Result Of Its Mixed Financials?
It is hard to get excited after looking at Suzhou Longway Eletronic Machinery's (SZSE:301202) recent performance, when its stock has declined 20% over the past month. It seems that the market might have completely ignored the positive aspects of the company's fundamentals and decided to weigh-in more on the negative aspects. Stock prices are usually driven by a company's financial performance over the long term, and therefore we decided to pay more attention to the company's financial performance. Particularly, we will be paying attention to Suzhou Longway Eletronic Machinery's ROE today.
看了蘇州龍威電子機械(SZSE: 301202)最近的表現,很難感到興奮,當時其股票在過去一個月中下跌了20%。看來市場可能完全忽視了公司基本面的積極方面,並決定更多地考慮負面方面。股票價格通常由公司的長期財務業績驅動,因此我們決定更多地關注公司的財務業績。特別是,我們今天將關注蘇州龍威電子機械的投資回報率。
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。換句話說,它是衡量公司股東提供的資本回報率的盈利比率。
Check out our latest analysis for Suzhou Longway Eletronic Machinery
查看我們對蘇州朗威電子機械的最新分析
How To Calculate Return On Equity?
如何計算股本回報率?
Return on equity can be calculated by using the formula:
股本回報率可以使用以下公式計算:
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 Suzhou Longway Eletronic Machinery is:
因此,根據上述公式,蘇州龍威電子機械的投資回報率爲:
5.7% = CN¥69m ÷ CN¥1.2b (Based on the trailing twelve months to September 2023).
5.7% = 6900萬元人民幣 ÷ 12億元人民幣(基於截至2023年9月的過去十二個月)。
The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.06 in profit.
“回報” 是過去十二個月的稅後收入。將其概念化的一種方法是,每擁有1元人民幣的股東資本,公司的利潤爲0.06元人民幣。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係?
So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
到目前爲止,我們已經了解到,投資回報率是衡量公司盈利能力的指標。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。假設其他一切保持不變,那麼與不一定具有這些特徵的公司相比,投資回報率和利潤保留率越高,公司的增長率就越高。
Suzhou Longway Eletronic Machinery's Earnings Growth And 5.7% ROE
蘇州朗威電子機械的收益增長和5.7%的投資回報率
At first glance, Suzhou Longway Eletronic Machinery's ROE doesn't look very promising. Yet, a closer study shows that the company's ROE is similar to the industry average of 6.3%. Even so, Suzhou Longway Eletronic Machinery has shown a fairly decent growth in its net income which grew at a rate of 10%. Considering the moderately low ROE, it is quite possible that there might be some other aspects that are positively influencing the company's earnings growth. Such as - high earnings retention or an efficient management in place.
乍一看,蘇州朗威電子機械的投資回報率看起來並不十分樂觀。然而,一項更仔細的研究表明,該公司的投資回報率與行業平均水平的6.3%相似。即便如此,蘇州朗威電子機械的淨收入仍表現出相當不錯的增長,增長率爲10%。考慮到投資回報率適中,很可能還有其他一些方面對公司的收益增長產生積極影響。例如——高收益留存率或實行高效管理。
As a next step, we compared Suzhou Longway Eletronic Machinery's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 13% in the same period.
下一步,我們將蘇州龍威電子機械的淨收入增長與行業進行了比較,並失望地看到該公司的增長低於同期13%的行業平均增長。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240123/0-9f945c95f3e5edf70cd1bc599bcf81a0-0-d4437e9e02cad4f10ef5eb29088ec487.png/big)
Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Suzhou Longway Eletronic Machinery is trading on a high P/E or a low P/E, relative to its industry.
收益增長是股票估值的重要因素。投資者接下來需要確定的是,預期的收益增長或缺乏收益是否已經包含在股價中。這樣做將幫助他們確定股票的未來是樂觀還是不祥的。衡量預期收益增長的一個很好的指標是市盈率,它根據收益前景決定了市場願意爲股票支付的價格。因此,您可能需要檢查蘇州朗威電子機械相對於其行業是高市盈率還是低市盈率。
Is Suzhou Longway Eletronic Machinery Making Efficient Use Of Its Profits?
蘇州朗威電子機械是否在有效利用其利潤?
The high three-year median payout ratio of 61% (or a retention ratio of 39%) for Suzhou Longway Eletronic Machinery suggests that the company's growth wasn't really hampered despite it returning most of its income to its shareholders.
蘇州龍威電子機械的三年中位數派息率高達61%(或39%的留存率),這表明儘管該公司將大部分收入返還給了股東,但其增長並沒有真正受到阻礙。
Summary
摘要
In total, we're a bit ambivalent about Suzhou Longway Eletronic Machinery's performance. Although the company has shown a fair bit of growth in earnings, the reinvestment rate is low. Meaning, the earnings growth number could have been significantly higher had the company been retaining more of its profits and reinvesting that at a higher rate of return. So far, we've only made a quick discussion around the company's earnings growth. You can do your own research on Suzhou Longway Eletronic Machinery and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.
總的來說,我們對蘇州朗威電子機械的表現有點矛盾。儘管該公司的收益略有增長,但再投資率卻很低。這意味着,如果該公司保留更多的利潤並以更高的回報率進行再投資,收益增長數字可能會大大提高。到目前爲止,我們僅就公司的收益增長進行了簡短的討論。你可以自己研究蘇州朗威電子機械,看看這張免費的過去收益、收入和現金流的詳細圖表,看看它過去的表現。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。