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Should Fanli Digital Technology Co.,Ltd (SHSE:600228) Focus On Improving This Fundamental Metric?

Should Fanli Digital Technology Co.,Ltd (SHSE:600228) Focus On Improving This Fundamental Metric?

範立數碼科技有限公司應該嗎, Ltd (SHSE: 600228) 專注於改善這一基本指標?
Simply Wall St ·  04/18 22:01

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. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Fanli Digital Technology Co.,Ltd (SHSE:600228).

儘管一些投資者已經精通財務指標(帽子提示),但本文適用於那些想了解股本回報率(ROE)及其重要性的人。通過邊幹邊學的方式,我們將研究投資回報率,以更好地了解範立數字科技股份有限公司。, Ltd(上海證券交易所股票代碼:600228)。

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. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.

股本回報率或投資回報率是股東需要考慮的重要因素,因爲它可以告訴他們資本再投資的有效性。簡而言之,它衡量公司相對於股東權益的盈利能力。

How Do You Calculate Return On Equity?

你如何計算股本回報率?

The formula for ROE is:

ROE 的公式是:

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 Fanli Digital TechnologyLtd is:

因此,根據上述公式,凡立數碼科技有限公司的投資回報率爲:

1.5% = CN¥7.6m ÷ CN¥504m (Based on the trailing twelve months to September 2023).

1.5% = 760萬元人民幣 ÷ 5.04億元人民幣(基於截至2023年9月的過去十二個月)。

The 'return' is the income the business earned over the last year. Another way to think of that is that for every CN¥1 worth of equity, the company was able to earn CN¥0.02 in profit.

“回報” 是企業去年獲得的收入。另一種思考方式是,公司每持有價值1元人民幣的股權,就能獲得0.02元的利潤。

Does Fanli Digital TechnologyLtd Have A Good ROE?

泛力數碼科技有限公司的投資回報率是否良好?

Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As is clear from the image below, Fanli Digital TechnologyLtd has a lower ROE than the average (7.0%) in the Interactive Media and Services industry.

可以說,評估公司投資回報率的最簡單方法是將其與行業平均水平進行比較。這種方法的侷限性在於,有些公司與其他公司有很大不同,即使在相同的行業分類中也是如此。從下圖中可以明顯看出,Fanli Digital TechnologyLtd的投資回報率低於互動媒體和服務行業的平均水平(7.0%)。

roe
SHSE:600228 Return on Equity April 19th 2024
SHSE: 600228 股本回報率 2024 年 4 月 19 日

That certainly isn't ideal. Although, we think that a lower ROE could still mean that a company has the opportunity to better its returns with the use of leverage, provided its existing debt levels are low. A company with high debt levels and low ROE is a combination we like to avoid given the risk involved. You can see the 2 risks we have identified for Fanli Digital TechnologyLtd by visiting our risks dashboard for free on our platform here.

這當然不理想。但是,我們認爲,只要現有債務水平較低,較低的投資回報率仍可能意味着公司有機會通過使用槓桿提高回報。鑑於所涉及的風險,高債務水平和低投資回報率的公司是我們希望避免的組合。您可以通過訪問我們的 Fanli Digital TechnologyLtd 查看我們爲範立數字科技有限公司確定的兩種風險 風險儀表板 在我們的平台上免費使用。

How Does Debt Impact Return On Equity?

債務如何影響股本回報率?

Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), 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 debt used for growth will improve returns, but won't affect the total equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.

大多數公司需要來自某個地方的資金來增加利潤。這些現金可能來自留存收益、發行新股(股權)或債務。對於第一和第二種選擇,投資回報率將反映這種對現金增長的使用。在後一種情況下,用於增長的債務將提高回報,但不會影響總資產。因此,使用債務可以提高投資回報率,儘管比喻地說,暴風雨天氣會帶來額外的風險。

Combining Fanli Digital TechnologyLtd's Debt And Its 1.5% Return On Equity

合併泛力數字科技有限公司的債務及其1.5%的股本回報率

Although Fanli Digital TechnologyLtd does use a little debt, its debt to equity ratio of just 0.009 is very low. Its ROE is rather low, and it does use some debt, albeit not much. That's not great to see. 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.

儘管Fanli數字科技有限公司確實使用了少量債務,但其債務權益比率僅爲0.009,非常低。它的投資回報率相當低,而且確實使用了一些債務,儘管不多。這不太好看。保守地使用債務來提高回報對股東來說通常是一個不錯的舉動,儘管這確實使公司更容易受到利率上升的影響。

Summary

摘要

Return on equity is one way we can compare its business quality of different companies. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have the same ROE, then I would generally prefer the one with less debt.

股本回報率是我們可以比較不同公司的業務質量的一種方式。能夠在沒有債務的情況下實現高股本回報率的公司可以被視爲高質量的企業。如果兩家公司的投資回報率相同,那麼我通常更喜歡負債較少的公司。

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. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. You can see how the company has grow in the past by looking at this FREE detailed graph of past earnings, revenue and cash flow.

話雖如此,儘管投資回報率是衡量業務質量的有用指標,但您必須考慮一系列因素才能確定購買股票的正確價格。與股票價格所反映的預期相比,利潤增長率尤其需要考慮。您可以通過查看這張免費的過去收益、收入和現金流詳細圖表來了解公司過去的增長情況。

But note: Fanli Digital TechnologyLtd may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

但請注意:Fanli Digital TechnologyLtd可能不是最佳買入的股票。因此,來看看這份投資回報率高、債務低的有趣公司的免費清單。

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.

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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。

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