Why Everi Holdings Inc. (NYSE:EVRI) Looks Like A Quality Company
Why Everi Holdings Inc. (NYSE:EVRI) Looks Like A Quality Company
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Everi Holdings Inc. (NYSE:EVRI).
雖然一些投資者已經了解金融指標（帽子），但本文是爲那些想要學習回報權益（ROE）以及其重要性的人而寫的。通過實踐學習的方式，我們將查看ROE以更好地了解Everi Holdings Inc.（紐交所：EVRI）。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回報率或ROE是一項用於評估公司管理層如何利用公司資本的效率的關鍵指標。簡而言之，它用於評估公司相對於其股本資本的盈利能力。
How Do You Calculate Return On Equity?
怎樣計算ROE?
The formula for return on equity is:
權益回報率的計算公式是：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤（從持續經營中獲得）÷ 股東權益
So, based on the above formula, the ROE for Everi Holdings is:
因此，根據上述公式，Everi Holdings的ROE爲：
26% = US$60m ÷ US$231m (Based on the trailing twelve months to March 2024).
26％= US $ 60m ÷ US $ 231m（基於截至2024年3月的過去十二個月）。
The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.26 in profit.
“回報”是每年的利潤。 一個概念化這個的方法是對於每$ 1的股東資本，公司賺取$0.26的利潤。
Does Everi Holdings Have A Good ROE?
Everi Holdings的ROE表現如何？
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As you can see in the graphic below, Everi Holdings has a higher ROE than the average (18%) in the Hospitality industry.
判斷一家公司的回報權益是否良好的一個簡單方法是將其與行業平均水平進行比較。該方法的侷限性在於，即使在同一行業分類中，有些公司也與其他公司非常不同。如下圖所示，Everi Holdings的ROE高於酒店行業的平均水平（18％）。
That is a good sign. However, bear in mind that a high ROE doesn't necessarily indicate efficient profit generation. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. You can see the 2 risks we have identified for Everi Holdings by visiting our risks dashboard for free on our platform here.
這是一個好跡象。然而，請記住，高ROE並不一定表明高效率的利潤生成。除了淨收入的變化外，高ROE還可能是與股權相對較高的債務導致的結果，這表明存在風險。我們已經爲Everi Holdings確定了2個風險，您可以通過訪問我們的網站來了解更多信息。風險儀表板在瀏覽完所有相關因素確定股票購買價格後，ROE是一個有用的公司質量指標。此外，還需要考慮其他因素，例如未來盈利增長以及未來需要投入多少投資。因此，我認爲值得查看這份免費的詳細收益、營收和現金流圖表。
How Does Debt Impact Return On Equity?
債務如何影響股東回報率？
Most companies need money -- from somewhere -- to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. That will make the ROE look better than if no debt was used.
大多數公司需要資金-從某處-來增長利潤。 投資的資金可以來自前年的利潤（保留收益），發行新股或借款。 在前兩個選項的情況下，ROE將反映出這種用於增長的現金使用。 在後一種情況下，爲增長所需的債務將提高回報，但不會影響股東權益。 這將使ROE看起來比如果沒有使用債務更好。
Everi Holdings' Debt And Its 26% ROE
我們認爲Everi Holdings利用大量債務來最大化其回報，因爲其債務股本比顯着高4.19。 儘管其ROE無疑相當令人印象深刻，但是考慮到其巨額債務可能正在提高這些回報，因此可能會產生錯誤的印象。
We think Everi Holdings uses a significant amount of debt to maximize its returns, as it has a significantly higher debt to equity ratio of 4.19. While its ROE is no doubt quite impressive, it could give a false impression about the company's returns given that its huge debt could be boosting those returns.
當然，Everi Holdings可能不是最好的股票購買對象。因此，您可能希望查看其他具有高ROE和低債務的公司的免費收藏。
Conclusion
結論
Return on equity is useful for comparing the quality of different businesses. 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.
股本回報率可以用於比較不同企業的質量。沒有太多負債即可實現高回報的公司通常質量較好。其他因素相等的情況下，較高的ROE更好。
Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
儘管如此，雖然ROE是業務質量的一個有用指標，但您需要查看一整套因素來確定正確的股票購買價格。重要的是要考慮其他因素，例如未來的利潤增長，以及未來需要多少投資。因此，您可能需要查看這個數據豐富的交互式預測圖。
Of course Everi Holdings may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt.
當然，everi可能不是最好的買入股票。因此，您可能希望查看這個免費收集的其他公司，這些公司具有高roe和低債務。
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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。