Weak Statutory Earnings May Not Tell The Whole Story For Ramaco Resources (NASDAQ:METC)
Weak Statutory Earnings May Not Tell The Whole Story For Ramaco Resources (NASDAQ:METC)
The market rallied behind Ramaco Resources, Inc.'s (NASDAQ:METC) stock, leading do a rise in the share price after its recent weak earnings report. While shareholders may be willing to overlook soft profit numbers, we believe that they should also be taking into account some other factors which may be cause for concern.
拉馬科資源公司(Ramaco Resources, Inc.)(納斯達克代碼:METC)最近業績疲弱,但市場仍在支持其股票,並導致其股價上漲。儘管股東們可能願意忽略軟性利潤數據,但我們認爲他們也應該考慮一些其他可能令人擔憂的因素。
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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 Ramaco Resources' profit results, we need to consider the US$10m gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And, after all, that's exactly what the accounting terminology implies. If Ramaco Resources doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.
爲了正確理解拉馬科資源公司的利潤結果,我們需要考慮歸因於飛凡項目的1000萬美元收益。我們不能否認,更高的利潤通常讓我們感到樂觀,但我們更希望利潤能夠持續。當我們計算了成千上萬家上市公司的數據時,我們發現一個給定年份的飛凡項目的提升通常不會在下一年重複出現。而且,畢竟,這正是會計術語所暗示的。如果拉馬科資源公司無法看到這種貢獻的重現,那麼在其他條件相同的情況下,我們預計其利潤將在當前年度下降。
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 Ramaco Resources' Profit Performance
我們對拉馬科資源公司的利潤表現的看法
We'd posit that Ramaco Resources' statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Because of this, we think that it may be that Ramaco Resources' statutory profits are better than its underlying earnings power. But on the bright side, its earnings per share have grown at an extremely impressive rate over the last three years. 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. So while earnings quality is important, it's equally important to consider the risks facing Ramaco Resources at this point in time. You'd be interested to know, that we found 2 warning signs for Ramaco Resources and you'll want to know about these.
我們認爲拉馬科資源公司的法定盈利並不能完全反映其持續生產力,因爲存在大量的飛凡項目。因此,我們認爲,拉馬科資源公司的法定利潤可能比其基礎盈利能力更好。但值得一提的是,其每股盈利在過去三年中增長了一個極其顯著的速度。歸根結底,如果您想正確理解公司,必須考慮比以上因素更多的因素。因此,儘管盈利質量很重要,但同樣重要的是要考慮當前時點面臨的風險。您會感興趣的是,我們發現了拉馬科資源公司的兩個預警信號,您需要了解這些。
Today we've zoomed in on a single data point to better understand the nature of Ramaco Resources' 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. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership.
今天,我們聚焦於拉馬科資源公司利潤的一個單一數據點,以更好地了解其利潤的性質。但有很多其他方法可以幫助您了解一家公司。例如,許多人認爲高回報率是有利的商業經濟指標,而其他人則喜歡「跟隨資金」的方式,尋找內部人士正在購買的股票。因此,您可能希望查看這些擁有高回報率的公司集合,或者查看這個高內部股權佔比的股票列表。
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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。