What Titan Wind Energy (Suzhou) Co.,Ltd's (SZSE:002531) ROE Can Tell Us
What Titan Wind Energy (Suzhou) Co.,Ltd's (SZSE:002531) ROE Can Tell Us
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE to gain a better understanding of Titan Wind Energy (Suzhou) Co.,Ltd (SZSE:002531).
許多投資者仍在學習分析股票時可以有用的各種指標。本文是爲那些想要了解ROE(淨資產收益率)的人準備的。通過實踐學習的方式,我們將通過分析ROE來更好地了解天順風能(蘇州)有限公司(SZSE:002531)。
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
股東權益回報率(ROE)是檢驗公司增加其價值和管理投資者資金有效性的測試。簡而言之,ROE顯示每個美元的利潤與其股東的投資有關。
How Is ROE Calculated?
淨資產收益率怎麼計算?
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算:
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 Titan Wind Energy (Suzhou)Ltd is:
因此,根據上述公式,天順風能(蘇州)有限公司的ROE爲:
8.0% = CN¥731m ÷ CN¥9.1b (Based on the trailing twelve months to March 2024).
8.0% = CN¥73100萬 ÷ CN¥91億(基於截至2024年3月的過去十二個月)。
The 'return' refers to a company's earnings over the last year. So, this means that for every CN¥1 of its shareholder's investments, the company generates a profit of CN¥0.08.
「回報」指的是公司的去年收益。這意味着對於股東的每CN¥1的投資,公司可以獲得CN¥0.08的利潤。
Does Titan Wind Energy (Suzhou)Ltd Have A Good ROE?
天順風能(蘇州)有限公司的ROE好嗎?
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. You can see in the graphic below that Titan Wind Energy (Suzhou)Ltd has an ROE that is fairly close to the average for the Electrical industry (6.9%).
判斷一家公司的資本回報率是否良好的一個簡單方法是將其與同行業的平均水平進行比較。重要的是要注意,這並不是一個完美的衡量標準,因爲即使在同一行業分類中,公司之間的差異也很大。從下圖可以看出,天順風能(蘇州)有限公司的ROE與電氣行業的平均水平(6.9%)相差不遠。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-e5dda36e0ff0e54abf4c94b5449f86f9-0-2b4aa1ca9ccf02019a18380f9467fd6c.png/big)
That's neither particularly good, nor bad. While at least the ROE is not lower than the industry, its still worth checking what role the company's debt plays as high debt levels relative to equity may also make the ROE appear high. If true, then it is more an indication of risk than the potential. You can see the 2 risks we have identified for Titan Wind Energy (Suzhou)Ltd by visiting our risks dashboard for free on our platform here.
這既不算特別好,也不算糟糕。至少ROE並不低於行業平均水平,但仍然值得檢查公司的債務對ROE的影響,因爲與股東權益相比較高的債務水平也可能使ROE看起來較高。如果是這樣,那更多地是風險的指標,而非潛力的指標。您可以通過免費訪問我們平台上的風險儀表盤來了解我們對天順風能(蘇州)有限公司確定的兩個風險。
The Importance Of Debt To Return On Equity
債務對股本回報率的重要性
Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
大多數公司需要資金——從某個地方——來增加其利潤。這些資金可以來自保留收益、發行新股(股本)或債務。在前兩種情況下,ROE將捕捉到資本增長的使用方式。在後一種情況下,爲增長所需要的債務將提高回報,但不會影響股東權益。因此,利用債務可以改善ROE,但在像比喻意義上的惡劣天氣的情況下,增加了額外的風險。
Combining Titan Wind Energy (Suzhou)Ltd's Debt And Its 8.0% Return On Equity
結合天順風能(蘇州)有限公司的債務及其8.0%的股東權益回報率
Titan Wind Energy (Suzhou)Ltd does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.10. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time.
天順風能(蘇州)有限公司確實使用大量債務來增加回報。它的債務與股東權益比率爲1.10。由於ROE相對較低,且債務使用顯着,目前很難對這家企業感到興奮。投資者應仔細考慮如果一家公司無法如此輕鬆地借款會有怎樣的表現,因爲信貸市場的狀況隨時間會發生變化。
Summary
總的來說,我們對偉明環保的表現非常滿意。具體而言,我們喜歡公司以高回報率再投資了其利潤的很大一部分。當然,這導致公司的收益大幅增長。但是,最新的行業分析師預測表明,該公司的收益預計將加速增長。
Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have the same ROE, then I would generally prefer the one with less debt.
企業獲得利潤並將其返還給股東的能力是企業能否賺錢的有用指標。如果一家公司可以在沒有債務的情況下實現較高的roe,那麼它可以被認爲是一家高質量的企業。如果兩家公司的roe相同,那麼我通常更喜歡負債較少的那一家公司。
But when a business is high quality, the market often bids it up to a price that reflects this. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So I think it may be worth checking this free report on analyst forecasts for the company.
但當一家公司是高品質的時,市場往往會將其競標至反映此事的價格。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,我認爲值得檢查一下關於分析師對該公司預測的免費報告。
But note: Titan Wind Energy (Suzhou)Ltd may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但注意: 天順風能(蘇州)有限公司可能並非最好的股票購買選擇。因此,請查看此免費的感興趣的高ROE和低債務公司列表。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。