AngloGold Ashanti's (NYSE:AU) Strong Earnings Are Of Good Quality
AngloGold Ashanti's (NYSE:AU) Strong Earnings Are Of Good Quality
When companies post strong earnings, the stock generally performs well, just like AngloGold Ashanti plc's (NYSE:AU) stock has recently. We have done some analysis, and we found several positive factors beyond the profit numbers.
當公司發佈強勁的業績時,股票通常表現良好,就像紐交所上的AngloGold Ashanti plc(NYSE:AU)股票最近表現良好一樣。我們進行了一些分析,並發現了幾個利潤數字以外的積極因素。
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The Impact Of Unusual Items On Profit
除了稀釋之外,還應該注意的是,萬集科技在過去12個月中因不尋常項目獲得了價值人民幣3.5萬元的利潤。雖然我們希望看到利潤增加,但當這些不尋常項目對利潤做出重大貢獻時,我們會更加謹慎。我們對全球大部分上市公司的數據進行了分析,發現不尋常項目往往是一次性的。這正如我們所期望的那樣,因爲這些提升被描述爲"不尋常"。相對於其利潤而言,萬集科技在2021年12月前的不尋常項目貢獻大。因此,我們可以推斷出,這些不尋常項目正在使其財務利潤顯著增強。
To properly understand AngloGold Ashanti's profit results, we need to consider the US$429m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. AngloGold Ashanti took a rather significant hit from unusual items in the year to June 2024. As a result, we can surmise that the unusual items made its statutory profit significantly weaker than it would otherwise be.
爲了正確理解AngloGold Ashanti的盈利結果,我們需要考慮歸因於非常規項目的42900萬美元的費用。雖然由於非常規項目而產生扣除首次令人失望,但其中有一線希望。當我們分析全球絕大多數上市公司時,我們發現重大的非常規項目通常不會重複出現。鑑於這些行項目前被認爲是非常規的,這並不奇怪。AngloGold Ashanti在2024年6月的財年中受到了重大非常規項目的打擊。因此,我們可以推斷非常規項目使其法定利潤顯着較弱,而不是其本來的樣子。
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.
這可能會讓您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基於其估計的未來盈利能力的互動圖表。
Our Take On AngloGold Ashanti's Profit Performance
我們對AngloGold Ashanti的盈利表現看法如下
As we discussed above, we think the significant unusual expense will make AngloGold Ashanti's statutory profit lower than it would otherwise have been. Based on this observation, we consider it possible that AngloGold Ashanti's statutory profit actually understates its earnings potential! And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year. 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. If you want to do dive deeper into AngloGold Ashanti, you'd also look into what risks it is currently facing. You'd be interested to know, that we found 1 warning sign for AngloGold Ashanti and you'll want to know about it.
正如我們上面所討論的,我們認爲重大非常規費用將使AngloGold Ashanti的法定利潤比本來應有的要低。基於這一觀察結果,我們認爲AngloGold Ashanti的法定利潤實際上低於其盈利潛力!令人欣慰的是,雖然去年虧損,但該公司今年實現了盈利的增長。最重要的是,如果您想透徹了解公司,就必須考慮以上因素以外的更多因素。如果您想深入挖掘AngloGold Ashanti,還應該研究該公司目前面臨的風險。您會驚喜地發現,我們發現了一個AngloGold Ashanti的警告信號,您會想了解其中的細節。
This note has only looked at a single factor that sheds light on the nature of AngloGold Ashanti'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 with significant insider holdings to be useful.
本篇說明僅考慮了闡明AngloGold Ashanti盈利特徵的單個因素。但是,還有很多其他方法可以來了解公司。例如,許多人認爲高股本回報率表明了公司經濟的有利情況,而另一些人則喜歡「跟隨金錢」,尋找內部人正在買入的股票。雖然這可能需要您自己進行一些研究,但您會發現這個免費的具有高股本回報率的公司集合或這個具有重要內部持有的股票清單非常有用。
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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。