Is Weakness In Raytron Technology Co.,Ltd. (SHSE:688002) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
Is Weakness In Raytron Technology Co.,Ltd. (SHSE:688002) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
It is hard to get excited after looking at Raytron TechnologyLtd's (SHSE:688002) recent performance, when its stock has declined 11% over the past three months. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Raytron TechnologyLtd's ROE today.
看了瑞創科技有限公司(上海證券交易所代碼:688002)最近的表現,很難感到興奮,當時的股票在過去三個月中下跌了11%。但是,仔細觀察其良好的財務狀況可能會讓你重新考慮。鑑於基本面通常會推動長期市場業績,因此該公司值得關注。特別是,我們今天將關注雷創科技有限公司的投資回報率。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
股本回報率或投資回報率是用於評估公司管理層利用公司資本效率的關鍵指標。換句話說,它揭示了公司成功地將股東投資轉化爲利潤。
How Do You Calculate Return On Equity?
你如何計算股本回報率?
ROE can be calculated by using the formula:
ROE 可以通過以下公式計算:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
股本回報率 = 淨利潤(來自持續經營業務)÷ 股東權益
So, based on the above formula, the ROE for Raytron TechnologyLtd is:
因此,根據上述公式,Raytron TechnologyLtd的投資回報率爲:
9.9% = CN¥500m ÷ CN¥5.1b (Based on the trailing twelve months to December 2023).
9.9% = 5億元人民幣 ÷ 51億元人民幣(基於截至2023年12月的過去十二個月)。
The 'return' is the yearly profit. One way to conceptualize this is that for each CN¥1 of shareholders' capital it has, the company made CN¥0.10 in profit.
“回報” 是每年的利潤。將其概念化的一種方法是,公司每擁有1元人民幣的股東資本,就能獲得0.10元人民幣的利潤。
What Is The Relationship Between ROE And Earnings Growth?
投資回報率與收益增長之間有什麼關係?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前爲止,我們已經了解到,投資回報率衡量的是公司創造利潤的效率。然後,我們能夠評估公司的收益增長潛力,具體取決於公司對這些利潤進行再投資或 “保留” 了多少及其有效性。一般而言,在其他條件相同的情況下,股本回報率和利潤留存率高的公司的增長率要高於不具有這些屬性的公司。
Raytron TechnologyLtd's Earnings Growth And 9.9% ROE
雷創科技有限公司的收益增長和9.9%的投資回報率
When you first look at it, Raytron TechnologyLtd's ROE doesn't look that attractive. However, the fact that the company's ROE is higher than the average industry ROE of 6.7%, is definitely interesting. This probably goes some way in explaining Raytron TechnologyLtd's moderate 14% growth over the past five years amongst other factors. That being said, the company does have a slightly low ROE to begin with, just that it is higher than the industry average. Therefore, the growth in earnings could also be the result of other factors. Such as- high earnings retention or the company belonging to a high growth industry.
當你第一次看時,瑞創科技有限公司的投資回報率看起來並不那麼吸引人。但是,該公司的投資回報率高於6.7%的行業平均投資回報率,這一事實絕對很有趣。這可能在某種程度上解釋了Raytron TechnologyLtd在過去五年中實現了14%的溫和增長以及其他因素。話雖如此,該公司的投資回報率一開始確實略低,只是高於行業平均水平。因此,收益的增長也可能是其他因素的結果。例如-高收益留存率或屬於高增長行業的公司。
Next, on comparing with the industry net income growth, we found that Raytron TechnologyLtd's growth is quite high when compared to the industry average growth of 11% in the same period, which is great to see.
接下來,與行業淨收入增長相比,我們發現與同期11%的行業平均增長率相比,Raytron TechnologyLtd的增長相當高,這真是太好了。
![past-earnings-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240322/0-f64358522c1f7e7019a331fa9bb383e7-0-a8127fe415469236b4644967d30c6a10.png/big)
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Raytron TechnologyLtd's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
收益增長是股票估值的重要因素。對於投資者來說,重要的是要知道市場是否對公司的預期收益增長(或下降)進行了定價。然後,這可以幫助他們確定股票是面向光明還是暗淡的未來。如果你想知道Raytron TechnologyLtd的估值,可以看看這個衡量其與行業相比的市盈率指標。
Is Raytron TechnologyLtd Efficiently Re-investing Its Profits?
Raytron TechnologyLtd 是否有效地將其利潤再投資?
Raytron TechnologyLtd has a low three-year median payout ratio of 12%, meaning that the company retains the remaining 88% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.
Raytron TechnologyLtd的三年派息率中位數很低,爲12%,這意味着該公司保留了剩餘的88%的利潤。這表明管理層正在將大部分利潤再投資以發展業務。
Moreover, Raytron TechnologyLtd is determined to keep sharing its profits with shareholders which we infer from its long history of four years of paying a dividend.
此外,Raytron TechnologyLtd決心繼續與股東分享利潤,這是我們從其四年支付股息的長期歷史中推斷出來的。
Summary
摘要
On the whole, we feel that Raytron TechnologyLtd's performance has been quite good. In particular, it's great to see that the company has seen significant growth in its earnings backed by a respectable ROE and a high reinvestment rate. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
總的來說,我們覺得瑞創科技有限公司的表現相當不錯。特別是,很高興看到該公司的收益在可觀的投資回報率和高再投資率的支持下實現了顯著增長。話雖如此,從分析師目前的估計來看,我們發現該公司的收益有望增強。要詳細了解分析師對公司的最新預測,請查看該公司的分析師預測的可視化。
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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。