Why Helport AI Limited (NASDAQ:HPAI) Looks Like A Quality Company
Why Helport AI Limited (NASDAQ:HPAI) 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. We'll use ROE to examine Helport AI Limited (NASDAQ:HPAI), by way of a worked example.
雖然一些投資者已經精通財務指標(致敬),但本文旨在讓那些想學習ROE以及了解其重要性的人了解ROE。我們將使用ROE作爲範例,對Helport AI Limited(納斯達克:HPAI)進行檢查。
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 To Calculate Return On Equity?
如何計算股東權益報酬率?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算:
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 Helport AI is:
因此,根據上述公式,Helport AI的ROE爲:
73% = US$8.7m ÷ US$12m (Based on the trailing twelve months to December 2023).
73% = US$870萬 ÷ US$1200萬(截至2023年12月的過去十二個月).
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.73 in profit.
「回報」是企業過去一年的收入。其中一種理解方式是,每1美元的股東資本,公司獲得0.73美元的利潤。
Does Helport AI Have A Good Return On Equity?
Helport AI是否有良好的ROE呢?
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. Pleasingly, Helport AI has a superior ROE than the average (14%) in the Software industry.
評估一個公司的ROE最簡單的方法之一是將其與同一行業中的平均水平進行比較。但是,由於公司在同一行業分類中的差異相當大,因此此方法僅用作大致檢查。令人高興的是,Helport AI的ROE優於軟件行業的平均水平(14%)。
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That's clearly a positive. Bear in mind, a high ROE doesn't always mean superior financial performance. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. To know the 3 risks we have identified for Helport AI visit our risks dashboard for free.
這顯然是一個積極的因素。請記住,高ROE並不總是意味着更優秀的財務表現。除了淨收入的變化外,高ROE也可以是相對於股本的高債務的結果,這表明存在風險。要了解我們爲Helport AI確定的3個風險,請訪問我們的免費風險儀表板。
How Does Debt Impact ROE?
債務對ROE的影響是怎樣的?
Companies usually need to invest money to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first and second cases, the ROE will reflect this use of cash for investment in the business. 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.
公司通常需要投入資金才能增加其利潤。投資的現金可來自於往年利潤(留存收益)、發行新股或借款。在第一種和第二種情況下,roe將反映出這種投資資金用於業務的情況。在後一種情況下,爲了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看起來比沒有使用債務的情況更好。
Combining Helport AI's Debt And Its 73% Return On Equity
結合Helport AI的負債和73%的ROE
Helport AI has a debt to equity ratio of just 0.05, which is very low. The combination of modest debt and a very impressive ROE does suggest that the business is high quality. Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.
Helport AI的負債股本比僅爲0.05,非常低。適度使用債務來提高回報通常是股東的明智之舉,儘管這會使公司更容易受到利率上升的影響。同時,雖然ROE是業務質量的一個有用指標,但您仍需要考慮一系列因素來確定購買股票的正確價格。還必須考慮盈利增長預期相對於當前價格反映的盈利增長預期的速度。因此,我認爲值得檢查一下這個免費的詳細收益、營收和現金流圖表。
Conclusion
結論
Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. All else being equal, a higher ROE is better.
ROE可用於比較不同企業的質量。在我們看來,高ROE且負債率較低的公司是最優質的公司。其他條件相等的情況下,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. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So I think it may be worth checking this free this detailed graph of past earnings, revenue and cash flow.
當然,雖然ROE是業務質量的一個有用指標,但您仍需要考慮一系列因素來確定購買股票的正確價格。還必須考慮盈利增長預期相對於當前價格反映的盈利增長預期的速度。因此,我認爲值得檢查一下這個免費的詳細收益、營收和現金流圖表。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然,您也可能通過尋找其他地方來找到出色的投資。因此,不妨查看這個有趣公司的免費列表。
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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。