Termbray Industries International (Holdings)'s (HKG:93) Conservative Accounting Might Explain Soft Earnings
Termbray Industries International (Holdings)'s (HKG:93) Conservative Accounting Might Explain Soft Earnings
The market for Termbray Industries International (Holdings) Limited's (HKG:93) shares didn't move much after it posted weak earnings recently. We did some digging, and we believe the earnings are stronger than they seem.
Termbray Industries International(控股)有限公司(HKG: 93)在最近公佈疲軟的收益後,其股票市場沒有太大波動。我們進行了一些挖掘,我們認爲收益比看起來要強勁。
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How Do Unusual Items Influence Profit?
不尋常的物品如何影響利潤?
Importantly, our data indicates that Termbray Industries International (Holdings)'s profit was reduced by HK$10m, due to unusual items, over the last year. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And that's hardly a surprise given these line items are considered unusual. Assuming those unusual expenses don't come up again, we'd therefore expect Termbray Industries International (Holdings) to produce a higher profit next year, all else being equal.
重要的是,我們的數據顯示,由於異常項目,Termbray Industries Industries International(控股)的利潤比去年減少了1000萬港元。看到不尋常的項目使公司利潤損失從來都不是一件好事,但從好的方面來看,情況可能遲早會好轉。我們調查了數千家上市公司,發現不尋常的物品本質上往往是一次性的。鑑於這些單列項目被認爲不尋常,這並不奇怪。假設這些不尋常的支出不會再次出現,因此,我們預計Termbray Industries Industries International(控股公司)在其他條件相同的情況下,明年將實現更高的利潤。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Termbray Industries International (Holdings).
注意:我們始終建議投資者檢查資產負債表的實力。點擊此處查看我們對Termbray Industries International(控股)的資產負債表分析。
Our Take On Termbray Industries International (Holdings)'s Profit Performance
我們對Termbray 工業國際(控股)盈利表現的看法
Unusual items (expenses) detracted from Termbray Industries International (Holdings)'s earnings over the last year, but we might see an improvement next year. Because of this, we think Termbray Industries International (Holdings)'s earnings potential is at least as good as it seems, and maybe even better! On the other hand, its EPS actually shrunk in the last twelve months. 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. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. You'd be interested to know, that we found 2 warning signs for Termbray Industries International (Holdings) and you'll want to know about them.
不尋常的項目(支出)減損了Termbray Industries International(控股)去年的收益,但明年我們可能會看到改善。因此,我們認爲Termbray Industries Industries International(控股)的盈利潛力至少和看起來一樣好,甚至可能更好!另一方面,其每股收益實際上在過去十二個月中萎縮了。歸根結底,如果你想正確地了解公司,必須考慮的不僅僅是上述因素。考慮到這一點,除非我們對風險有透徹的了解,否則我們不會考慮投資股票。你可能會有興趣知道,我們發現了Termbray Industries Industries International(控股公司)的兩個警告標誌,你會想知道的。
This note has only looked at a single factor that sheds light on the nature of Termbray Industries International (Holdings)'s profit. But there is always more to discover if you are capable of focussing your mind on minutiae. 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.
本報告僅研究了揭示Termbray Industries Industries International(控股)利潤性質的單一因素。但是,如果你能夠將注意力集中在細節上,總會有更多的事情需要發現。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.
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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。