Richardson Electronics' (NASDAQ:RELL) Shareholders Have More To Worry About Than Only Soft Earnings
Richardson Electronics' (NASDAQ:RELL) Shareholders Have More To Worry About Than Only Soft Earnings
The market wasn't impressed with the soft earnings from Richardson Electronics, Ltd. (NASDAQ:RELL) recently. Our analysis has found some reasons to be concerned, beyond the weak headline numbers.
理查森電子有限公司(納斯達克股票代碼:RELL)最近的疲軟收益並沒有給市場留下深刻的印象。我們的分析發現,除了疲軟的標題數字外,還有一些令人擔憂的理由。
Check out our latest analysis for Richardson Electronics
查看我們對理查森電子的最新分析
![earnings-and-revenue-history](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240118/0-e119201d891131a1660cfc371b079eed-0-d65ea61a95b4c74c63bf246659bafd9f.png/big)
An Unusual Tax Situation
不尋常的稅收狀況
Richardson Electronics reported a tax benefit of US$1.0m, which is well worth noting. This is of course a bit out of the ordinary, given it is more common for companies to be paying tax than receiving tax benefits! The receipt of a tax benefit is obviously a good thing, on its own. However, the devil in the detail is that these kind of benefits only impact in the year they are booked, and are often one-off in nature. In the likely event the tax benefit is not repeated, we'd expect to see its statutory profit levels drop, at least in the absence of strong growth. While we think it's good that the company has booked a tax benefit, it does mean that there's every chance the statutory profit will come in a lot higher than it would be if the income was adjusted for one-off factors.
理查森電子報告了100萬美元的稅收優惠,值得一提。這當然有點不尋常,因爲公司納稅比獲得稅收優惠更爲普遍!獲得稅收優惠本身顯然是一件好事。但是,細節上的問題在於,此類福利僅在預訂當年有影響,而且本質上通常是一次性的。如果稅收優惠可能不重演,我們預計其法定利潤水平將下降,至少在沒有強勁增長的情況下是如此。儘管我們認爲公司獲得稅收優惠是件好事,但這確實意味着法定利潤很有可能遠高於根據一次性因素調整收入時的法定利潤。
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.
這可能會讓你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根據他們的估計描繪未來盈利能力的交互式圖表。
Our Take On Richardson Electronics' Profit Performance
我們對理查森電子利潤表現的看法
Richardson Electronics reported that it received a tax benefit, rather than paid tax, in its last report. Given that sort of benefit is not recurring, a focus on the statutory profit might make the company seem better than it really is. Because of this, we think that it may be that Richardson Electronics' statutory profits are better than its underlying earnings power. In further bad news, its earnings per share decreased in the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. If you want to do dive deeper into Richardson Electronics, you'd also look into what risks it is currently facing. For example - Richardson Electronics has 2 warning signs we think you should be aware of.
理查森電子在上一份報告中報告說,它獲得了稅收優惠,而不是納稅。鑑於這種好處不是經常性的,專注於法定利潤可能會使公司看起來比實際情況更好。因此,我們認爲理查森電子的法定利潤可能好於其基礎盈利能力。另一個壞消息是,其每股收益在去年有所下降。本文的目標是評估我們在多大程度上可以依靠法定收益來反映公司的潛力,但還有很多需要考慮的地方。如果你想更深入地研究理查森電子,你還需要研究它目前面臨的風險。例如,理查森電子有兩個警告標誌,我們認爲你應該注意。
This note has only looked at a single factor that sheds light on the nature of Richardson Electronics' profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. 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 that insiders are buying to be useful.
這份報告只研究了揭示理查森電子利潤性質的單一因素。但是,還有很多其他方法可以讓你對公司的看法。有些人認爲高股本回報率是優質業務的好兆頭。雖然可能需要你進行一些研究,但你可能會發現這份免費收集的擁有高股本回報率的公司,或者這份內部人士正在購買的股票清單很有用。
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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.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。