The Strong Earnings Posted By De Rucci Healthy Sleep (SZSE:001323) Are A Good Indication Of The Strength Of The Business
The Strong Earnings Posted By De Rucci Healthy Sleep (SZSE:001323) Are A Good Indication Of The Strength Of The Business
When companies post strong earnings, the stock generally performs well, just like De Rucci Healthy Sleep Co., Ltd.'s (SZSE:001323) stock has recently. We have done some analysis, and we found several positive factors beyond the profit numbers.
當各公司公佈強勁的收益時,股票通常表現良好,就像德魯奇健康睡眠有限公司一樣。”s (SZSE: 001323) 股票最近上漲。我們做了一些分析,除了利潤數字外,我們還發現了幾個積極因素。
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240505/0-ec7d9ddb025f556abc81561ed151a752-0-8142607b1512a42c79a66845884cd7c2.png/big)
A Closer Look At De Rucci Healthy Sleep's Earnings
仔細看看 De Rucci Healthy Sleep 的收入
In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'.
在高金融領域,用於衡量公司將申報的利潤轉化爲自由現金流(FCF)的效果的關鍵比率是應計比率(來自現金流)。應計比率從給定時期的利潤中減去FCF,然後將結果除以公司在該時期內的平均運營資產。你可以將現金流的應計比率視爲 “非FCF利潤率”。
Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future".
因此,當公司的應計比率爲負時,這實際上被認爲是一件好事,但如果其應計比率爲正,則是一件壞事。雖然正應計比率表明非現金利潤達到一定水平不是問題,但高應計比率可以說是一件壞事,因爲它表明紙面利潤與現金流不匹配。引用Lewellen和Resutek在2014年發表的一篇論文,“應計額較高的公司將來的利潤往往會降低”。
For the year to March 2024, De Rucci Healthy Sleep had an accrual ratio of -0.17. That indicates that its free cash flow quite significantly exceeded its statutory profit. Indeed, in the last twelve months it reported free cash flow of CN¥1.1b, well over the CN¥842.2m it reported in profit. De Rucci Healthy Sleep's free cash flow improved over the last year, which is generally good to see.
在截至2024年3月的一年中,德魯奇健康睡眠的應計比率爲-0.17。這表明其自由現金流大大超過了其法定利潤。事實上,在過去的十二個月中,它報告的自由現金流爲11億元人民幣,遠遠超過其公佈的8.422億元人民幣的利潤。De Rucci Healthy Sleep的自由現金流比去年有所改善,總體而言,這是值得期待的。
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.
這可能會讓你想知道分析師對未來盈利能力的預測。幸運的是,您可以單擊此處查看根據他們的估計描繪未來盈利能力的交互式圖表。
Our Take On De Rucci Healthy Sleep's Profit Performance
我們對De Rucci Healthy Sleep利潤表現的看法
As we discussed above, De Rucci Healthy Sleep's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that De Rucci Healthy Sleep's statutory profit actually understates its earnings potential! And the EPS is up 22% annually, over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. So feel free to check out our free graph representing analyst forecasts.
正如我們上面討論的那樣,De Rucci Healthy Sleep的應計比率表明利潤向自由現金流的強勁轉換,這對公司來說是一個積極的利潤。基於這一觀察,我們認爲De Rucci Healthy Sleep的法定利潤實際上可能低估了其盈利潛力!在過去三年中,每股收益每年增長22%。本文的目標是評估我們在多大程度上可以依靠法定收益來反映公司的潛力,但還有很多需要考慮的地方。儘管考慮公司的法定收益如何代表其真正的盈利能力非常重要,但也值得一看分析師對未來的預測。因此,請隨時查看我們代表分析師預測的免費圖表。
Today we've zoomed in on a single data point to better understand the nature of De Rucci Healthy Sleep'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 that insiders are buying to be useful.
今天,我們放大了單個數據點,以更好地了解De Rucci Healthy Sleep利潤的性質。但是,還有很多其他方法可以讓你對公司的看法。例如,許多人認爲高股本回報率是有利的商業經濟的標誌,而另一些人則喜歡 “關注資金”,尋找內部人士正在買入的股票。雖然可能需要你進行一些研究,但你可能會發現這份免費收集的擁有高股本回報率的公司,或者這份內部人士正在購買的股票清單很有用。
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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。