Taking A Look At Hengan International Group Company Limited's (HKG:1044) ROE
Taking A Look At Hengan International Group Company Limited's (HKG:1044) ROE
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. To keep the lesson grounded in practicality, we'll use ROE to better understand Hengan International Group Company Limited (HKG:1044).
尽管一些投资者已经精通财务指标(帽子提示),但本文适合那些想了解股本回报率(ROE)及其重要性的人。为了使课程以实用性为基础,我们将使用ROE来更好地了解恒安国际集团有限公司(HKG: 1044)。
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
股本回报率或投资回报率是股东需要考虑的重要因素,因为它可以告诉他们资本再投资的有效性。简而言之,它用于评估公司相对于其股权资本的盈利能力。
View our latest analysis for Hengan International Group
查看我们对恒安国际集团的最新分析
How To Calculate Return On Equity?
如何计算股本回报率?
ROE can be calculated by using the formula:
ROE 可以通过以下公式计算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回报率 = 净利润(来自持续经营业务)÷ 股东权益
So, based on the above formula, the ROE for Hengan International Group is:
因此,根据上述公式,恒安国际集团的投资回报率为:
9.3% = CN¥1.9b ÷ CN¥20b (Based on the trailing twelve months to June 2023).
9.3% = 19亿元人民币 ¥20亿元人民币(基于截至2023年6月的过去十二个月)。
The 'return' is the yearly profit. So, this means that for every HK$1 of its shareholder's investments, the company generates a profit of HK$0.09.
“回报” 是每年的利润。因此,这意味着其股东每投资1港元,公司就会产生0.09港元的利润。
Does Hengan International Group Have A Good ROE?
恒安国际集团的投资回报率是否良好?
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. You can see in the graphic below that Hengan International Group has an ROE that is fairly close to the average for the Personal Products industry (8.3%).
可以说,评估公司投资回报率的最简单方法是将其与行业平均水平进行比较。但是,这种方法只能作为粗略的检查才有用,因为在同一个行业分类中,公司的确存在很大差异。您可以在下图中看到,恒安国际集团的投资回报率相当接近个人用品行业的平均水平(8.3%)。
![roe](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231124/0-11160633870f9996d7f29f574619dcba-0-844f61e5a909840bb436046bbedd025a.png/big)
So while the ROE is not exceptional, at least its acceptable. 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. To know the 2 risks we have identified for Hengan International Group visit our risks dashboard for free.
因此,尽管投资回报率并不例外,但至少是可以接受的。尽管至少投资回报率不低于该行业,但仍然值得检查该公司的债务起什么作用,因为相对于股本的高债务水平也可能使投资回报率显得很高。如果属实,那么它与其说是潜力,不如说是风险的表现。要了解我们为恒安国际集团确定的两大风险,请免费访问我们的风险仪表板。
Why You Should Consider Debt When Looking At ROE
为什么在考虑投资回报率时应该考虑债务
Virtually all companies need money to invest in the business, to grow profits. That cash can come from issuing shares, retained earnings, or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
几乎所有公司都需要资金来投资业务,增加利润。这笔现金可以来自发行股票、留存收益或债务。就第一和第二种选择而言,投资回报率将反映现金的这种用途,以实现增长。在后一种情况下,使用债务将提高收益,但不会改变权益。因此,使用债务可以提高投资回报率,尽管可以比喻地说,暴风雨天气会带来额外的风险。
Combining Hengan International Group's Debt And Its 9.3% Return On Equity
合并恒安国际集团的债务及其9.3%的股本回报率
Hengan International Group does use a high amount of debt to increase returns. It has a debt to equity ratio of 1.18. Its ROE is quite low, even with the use of significant debt; that's not a good result, in our opinion. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it.
恒安国际集团确实使用大量债务来增加回报。它的负债权益比率为1.18。即使使用了大量债务,它的投资回报率也相当低;在我们看来,这不是一个好结果。债务会增加风险,减少公司未来的选择,因此您通常希望从使用债务中获得一些丰厚的回报。
Conclusion
结论
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. All else being equal, a higher ROE is better.
股本回报率是衡量企业创造利润并将其返还给股东的能力的有用指标。能够在没有债务的情况下实现高股本回报率的公司可以被视为高质量的企业。在其他条件相同的情况下,更高的投资回报率更好。
But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So you might want to check this FREE visualization of analyst forecasts for the company.
但是投资回报率只是更大难题中的一部分,因为高质量的企业通常以高倍的收益进行交易。与股票价格所反映的预期相比,利润增长率尤其值得考虑。因此,您可能需要查看该公司的分析师预测的免费可视化效果。
Of course Hengan International Group 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.
当然,恒安国际集团可能不是最值得买入的股票。因此,您可能希望看到这份免费收藏的其他投资回报率高、债务低的公司。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。